Arvest Bank Trust Division increased its stake in UnitedHealth Group Inc (NYSE:UNH) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,818 shares of the healthcare conglomerate’s stock after acquiring an additional 58 shares during the period. Arvest Bank Trust Division’s holdings in UnitedHealth Group were worth $395,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BTC Capital Management Inc. raised its position in UnitedHealth Group by 1.7% during the 3rd quarter. BTC Capital Management Inc. now owns 17,923 shares of the healthcare conglomerate’s stock valued at $3,901,000 after purchasing an additional 296 shares during the last quarter. Heritage Investors Management Corp raised its position in UnitedHealth Group by 6.3% during the 3rd quarter. Heritage Investors Management Corp now owns 72,981 shares of the healthcare conglomerate’s stock valued at $15,860,000 after purchasing an additional 4,328 shares during the last quarter. Coe Capital Management LLC raised its position in UnitedHealth Group by 2.0% during the 3rd quarter. Coe Capital Management LLC now owns 7,015 shares of the healthcare conglomerate’s stock valued at $1,524,000 after purchasing an additional 136 shares during the last quarter. Endurance Wealth Management Inc. raised its position in UnitedHealth Group by 176.6% during the 3rd quarter. Endurance Wealth Management Inc. now owns 3,449 shares of the healthcare conglomerate’s stock valued at $750,000 after purchasing an additional 2,202 shares during the last quarter. Finally, Zeke Capital Advisors LLC raised its position in UnitedHealth Group by 32.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 24,984 shares of the healthcare conglomerate’s stock valued at $5,430,000 after purchasing an additional 6,098 shares during the last quarter. 85.66% of the stock is owned by institutional investors.
A number of research firms have weighed in on UNH. Mizuho began coverage on UnitedHealth Group in a report on Thursday, October 17th. They set a “buy” rating and a $270.00 target price on the stock. Citigroup reduced their target price on UnitedHealth Group from $299.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada set a $311.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. ValuEngine upgraded UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Deutsche Bank began coverage on UnitedHealth Group in a report on Thursday, September 12th. They set a “hold” rating and a $263.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus target price of $283.84.
In other UnitedHealth Group news, Director Timothy Patrick Flynn acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average cost of $227.55 per share, with a total value of $455,100.00. Following the transaction, the director now owns 5,524 shares of the company’s stock, valued at approximately $1,256,986.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas E. Roos sold 1,177 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $255.04, for a total value of $300,182.08. Following the completion of the transaction, the chief accounting officer now directly owns 21,687 shares in the company, valued at $5,531,052.48. The disclosure for this sale can be found here. Insiders sold a total of 33,177 shares of company stock worth $7,842,582 in the last 90 days. 0.87% of the stock is currently owned by company insiders.
Shares of UnitedHealth Group stock traded up $0.51 during midday trading on Friday, hitting $256.97. The company had a trading volume of 2,161,274 shares, compared to its average volume of 4,544,972. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.67 and a current ratio of 0.70. The stock has a market capitalization of $237.20 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.33 and a beta of 0.61. The company has a 50 day moving average of $234.76 and a 200 day moving average of $241.05. UnitedHealth Group Inc has a 52-week low of $208.07 and a 52-week high of $287.94.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.13. The company had revenue of $60.35 billion for the quarter, compared to the consensus estimate of $59.84 billion. UnitedHealth Group had a return on equity of 25.30% and a net margin of 5.57%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.41 EPS. Equities research analysts forecast that UnitedHealth Group Inc will post 14.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 1.68%. UnitedHealth Group’s payout ratio is currently 33.54%.
UnitedHealth Group Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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