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Buys 110,359 Shares of UnitedHealth Group Inc (UNH)

grew its stake in UnitedHealth Group Inc (NYSE:UNH) by 9.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 1,274,648 shares of the healthcare conglomerate’s stock after acquiring an additional 110,359 shares during the quarter. UnitedHealth Group comprises approximately 1.1% of ’ portfolio, making the stock its 12th biggest holding. approximately 0.13% of UnitedHealth Group worth $339,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its position in UnitedHealth Group by 2.6% during the third quarter. FMR LLC now owns 63,247,814 shares of the healthcare conglomerate’s stock worth $16,826,448,000 after buying an additional 1,625,459 shares during the period. Capital International Investors lifted its position in UnitedHealth Group by 223.0% during the third quarter. Capital International Investors now owns 16,319,843 shares of the healthcare conglomerate’s stock worth $4,341,731,000 after buying an additional 11,267,910 shares during the period. Morgan Stanley lifted its position in UnitedHealth Group by 5.2% during the second quarter. Morgan Stanley now owns 5,498,557 shares of the healthcare conglomerate’s stock worth $1,349,017,000 after buying an additional 269,652 shares during the period. Schwab Charles Investment Management Inc. lifted its position in UnitedHealth Group by 2.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 4,019,885 shares of the healthcare conglomerate’s stock worth $986,239,000 after buying an additional 108,052 shares during the period. Finally, OppenheimerFunds Inc. lifted its position in UnitedHealth Group by 6.2% during the second quarter. OppenheimerFunds Inc. now owns 3,962,318 shares of the healthcare conglomerate’s stock worth $972,115,000 after buying an additional 231,202 shares during the period. Institutional investors and hedge funds own 85.35% of the company’s stock.

Get UnitedHealth Group alerts: Shares of NYSE:UNH opened at $238.34 on Friday. The stock has a market cap of $233.24 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. UnitedHealth Group Inc has a 12 month low of $208.48 and a 12 month high of $287.94.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.30 by $0.11. The company had revenue of $56.56 billion during the quarter, compared to analyst estimates of $56.34 billion. UnitedHealth Group had a return on equity of 23.62% and a net margin of 5.71%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.66 earnings per share. Research analysts predict that UnitedHealth Group Inc will post 12.81 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 13th. Shareholders of record on Monday, December 3rd were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, November 30th. This represents a $3.60 annualized dividend and a yield of 1.51%. UnitedHealth Group’s dividend payout ratio is presently 35.75%.

In other news, Director Richard T. Burke sold 6,090 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $281.72, for a total value of $1,715,674.80. Following the completion of the sale, the director now owns 1,711,584 shares in the company, valued at $482,187,444.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, Director Kenneth Irwin Shine sold 163 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $274.83, for a total value of $44,797.29. The disclosure for this sale can be found here . Corporate insiders own 0.87% of the company’s stock.

Several equities analysts recently weighed in on UNH shares. Morgan Stanley increased their target price on UnitedHealth Group from $278.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Citigroup downgraded UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 target price on the stock. in a research report on Monday, September 10th. ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Cowen started coverage on UnitedHealth Group in a research report on Monday, September 17th. They set an “outperform” rating and a $308.00 target price on the stock. Finally, Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Two equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $293.57.

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About UnitedHealth Group

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 care coverage, and 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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