CMH Wealth Management LLC cut its stake in UnitedHealth Group Inc (NYSE:UNH) by 43.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,215 shares of the healthcare conglomerate’s stock after selling 7,145 shares during the period. CMH Wealth Management LLC’s holdings in UnitedHealth Group were worth $2,003,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in UnitedHealth Group by 0.4% during the second quarter. Northern Trust Corp now owns 12,111,540 shares of the healthcare conglomerate’s stock worth $2,955,336,000 after purchasing an additional 53,710 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of UnitedHealth Group by 1,354.6% during the second quarter. Nuveen Asset Management LLC now owns 8,540,562 shares of the healthcare conglomerate’s stock valued at $2,083,983,000 after acquiring an additional 7,953,416 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of UnitedHealth Group by 16.7% during the second quarter. Janus Henderson Group PLC now owns 6,448,289 shares of the healthcare conglomerate’s stock valued at $1,573,438,000 after acquiring an additional 922,290 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of UnitedHealth Group by 28.6% during the second quarter. Viking Global Investors LP now owns 4,812,185 shares of the healthcare conglomerate’s stock valued at $1,174,221,000 after acquiring an additional 1,071,149 shares in the last quarter. Finally, Sanders Capital LLC raised its holdings in shares of UnitedHealth Group by 50.2% during the second quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock valued at $1,255,689,000 after acquiring an additional 1,546,140 shares in the last quarter. 85.66% of the stock is owned by institutional investors.
In other news, Director Richard T. Burke sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the completion of the transaction, the director now directly owns 187,979 shares in the company, valued at $46,318,025.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $233.40, for a total value of $583,500.00. Following the transaction, the director now owns 187,979 shares of the company’s stock, valued at $43,874,298.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock valued at $5,924,120. 0.87% of the stock is owned by corporate insiders.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.46 by $0.14. The business had revenue of $60.60 billion during the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 earnings per share. On average, equities research analysts predict that UnitedHealth Group Inc will post 14.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were issued a $1.08 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a yield of 1.95%. UnitedHealth Group’s dividend payout ratio (DPR) is 33.54%.
A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating for the company in a report on Thursday, September 26th. ValuEngine upgraded UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James upped their target price on UnitedHealth Group from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $300.00 to $235.00 in a report on Thursday. Finally, Royal Bank of Canada set a $311.00 target price on UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. UnitedHealth Group has an average rating of “Buy” and an average target price of $283.78.
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 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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