UnitedHealth Group Inc (NYSE:UNH) Stake Reduced by Westwood Holdings Group Inc.

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Westwood Holdings Group Inc. reduced its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,151 shares of the healthcare conglomerate’s stock after selling 83,380 shares during the quarter. Westwood Holdings Group Inc.’s holdings in UnitedHealth Group were worth $64,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Garrison Point Advisors LLC boosted its stake in UnitedHealth Group by 1.2% during the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock valued at $851,000 after buying an additional 40 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in UnitedHealth Group by 3.9% during the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock valued at $276,000 after buying an additional 42 shares in the last quarter. Meridian Financial Partners LLC boosted its stake in UnitedHealth Group by 2.7% during the second quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock valued at $403,000 after buying an additional 43 shares in the last quarter. 1ST Source Bank boosted its stake in UnitedHealth Group by 3.0% during the second quarter. 1ST Source Bank now owns 1,569 shares of the healthcare conglomerate’s stock valued at $383,000 after buying an additional 45 shares in the last quarter. Finally, Alera Investment Advisors LLC boosted its stake in UnitedHealth Group by 2.7% during the second quarter. Alera Investment Advisors LLC now owns 1,689 shares of the healthcare conglomerate’s stock valued at $412,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Several brokerages recently weighed in on UNH. ValuEngine cut UnitedHealth Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th. Credit Suisse Group set a $293.00 target price on UnitedHealth Group and gave the company a “buy” rating in a research note on Thursday, August 29th. Deutsche Bank initiated coverage on UnitedHealth Group in a research note on Thursday, September 12th. They set a “hold” rating and a $263.00 target price for the company. Zacks Investment Research raised UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 target price for the company in a report on Monday, July 22nd. Finally, Morgan Stanley upped their target price on UnitedHealth Group from $285.00 to $298.00 and gave the company an “overweight” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. UnitedHealth Group presently has an average rating of “Buy” and an average price target of $291.61.

Shares of NYSE UNH traded down $0.04 during mid-day trading on Friday, hitting $232.81. 3,503,077 shares of the company traded hands, compared to its average volume of 3,729,569. UnitedHealth Group Inc has a 1 year low of $208.07 and a 1 year high of $287.94. The stock has a market capitalization of $220.35 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.24 and a beta of 0.62. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $238.28 and a two-hundred day moving average of $242.80.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, beating the consensus estimate of $3.46 by $0.14. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The business had revenue of $60.60 billion during the quarter, compared to the consensus estimate of $60.59 billion. During the same period in the prior year, the business posted $3.14 earnings per share. UnitedHealth Group’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that UnitedHealth Group Inc will post 14.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, September 13th. UnitedHealth Group’s dividend payout ratio is currently 33.54%.

In related news, Director Richard T. Burke sold 2,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $231.50, for a total value of $463,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at approximately $43,517,138.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William C. Ballard, Jr. sold 12,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total value of $3,063,720.00. Following the completion of the sale, the director now directly owns 61,309 shares of the company’s stock, valued at $15,652,800.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,500 shares of company stock valued at $5,340,620. Company insiders own 0.87% of the company’s stock.

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 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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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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