Aspen Investment Management Inc decreased its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 34.8% in the third quarter, Holdings Channel reports. The institutional investor owned 823 shares of the healthcare conglomerate’s stock after selling 440 shares during the quarter. Aspen Investment Management Inc’s holdings in UnitedHealth Group were worth $219,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of UnitedHealth Group by 3.4% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 69,631 shares of the healthcare conglomerate’s stock worth $18,525,000 after purchasing an additional 2,260 shares in the last quarter. Sivik Global Healthcare LLC grew its holdings in shares of UnitedHealth Group by 21.5% in the third quarter. Sivik Global Healthcare LLC now owns 25,000 shares of the healthcare conglomerate’s stock worth $6,651,000 after acquiring an additional 4,427 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of UnitedHealth Group by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 3,157,170 shares of the healthcare conglomerate’s stock worth $839,896,000 after acquiring an additional 17,040 shares during the period. Meiji Yasuda Life Insurance Co grew its holdings in shares of UnitedHealth Group by 1.6% in the third quarter. Meiji Yasuda Life Insurance Co now owns 32,381 shares of the healthcare conglomerate’s stock worth $8,615,000 after acquiring an additional 510 shares during the period. Finally, Virtu Financial LLC grew its holdings in shares of UnitedHealth Group by 16.0% in the third quarter. Virtu Financial LLC now owns 11,442 shares of the healthcare conglomerate’s stock worth $3,044,000 after acquiring an additional 1,580 shares during the period. Institutional investors and hedge funds own 85.57% of the company’s stock.
In other UnitedHealth Group news, Director Richard T. Burke sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $263.41, for a total transaction of $5,268,200.00. Following the completion of the sale, the director now owns 1,720,112 shares of the company’s stock, valued at $453,094,701.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven H. Nelson sold 8,142 shares of the business’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.00, for a total value of $2,157,630.00. Following the sale, the chief executive officer now directly owns 22,496 shares of the company’s stock, valued at approximately $5,961,440. The disclosure for this sale can be found here. Insiders have sold 34,395 shares of company stock valued at $9,186,302 in the last three months. 0.87% of the stock is currently owned by corporate insiders.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.30 by $0.11. UnitedHealth Group had a return on equity of 23.62% and a net margin of 5.71%. The business had revenue of $56.56 billion during the quarter, compared to analyst estimates of $56.34 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. UnitedHealth Group’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts predict that UnitedHealth Group Inc will post 12.82 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Monday, December 3rd will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Friday, November 30th. UnitedHealth Group’s dividend payout ratio is presently 35.75%.
Several analysts recently commented on the company. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Oppenheimer lifted their price objective on UnitedHealth Group from $295.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, November 28th. Raymond James set a $310.00 price objective on UnitedHealth Group and gave the stock a “buy” rating in a report on Wednesday, November 28th. Bank of America lifted their price objective on UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, October 17th. Finally, Piper Jaffray Companies lifted their price objective on UnitedHealth Group to $312.00 and gave the stock an “overweight” rating in a report on Wednesday, November 28th. Two investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and a consensus target price of $292.48.
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UnitedHealth Group Company 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 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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