Successful Portfolios LLC Acquires 50 Shares of UnitedHealth Group Inc (NYSE:UNH)

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Successful Portfolios LLC increased its holdings in UnitedHealth Group Inc (NYSE:UNH) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,487 shares of the healthcare conglomerate’s stock after buying an additional 50 shares during the period. Successful Portfolios LLC’s holdings in UnitedHealth Group were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UNH. Garrison Point Advisors LLC raised its position in shares of UnitedHealth Group by 1.2% during the 2nd 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. Smith Moore & CO. raised its position in UnitedHealth Group by 1.3% in the 2nd quarter. Smith Moore & CO. now owns 3,156 shares of the healthcare conglomerate’s stock worth $770,000 after purchasing an additional 41 shares during the period. Integrated Investment Consultants LLC raised its position in UnitedHealth Group by 3.9% in the 2nd quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock worth $276,000 after purchasing an additional 42 shares during the period. Meridian Financial Partners LLC raised its position in UnitedHealth Group by 2.7% in the 2nd quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock worth $403,000 after purchasing an additional 43 shares during the period. Finally, 1ST Source Bank raised its position in UnitedHealth Group by 3.0% in the 2nd quarter. 1ST Source Bank now owns 1,569 shares of the healthcare conglomerate’s stock worth $383,000 after purchasing an additional 45 shares during the period. 85.66% of the stock is owned by institutional investors.

A number of equities analysts recently commented on UNH shares. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 target price on the stock in a research report on Monday, July 22nd. Oppenheimer set a $312.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Jefferies Financial Group cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $300.00 to $235.00 in a research report on Thursday. BMO Capital Markets cut shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $292.00 to $249.00 in a research report on Monday, September 30th. Finally, ValuEngine upgraded shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $283.78.

UnitedHealth Group stock traded down $1.66 during trading hours on Friday, reaching $222.07. The stock had a trading volume of 5,891,508 shares, compared to its average volume of 4,519,363. The stock has a market cap of $208.59 billion, a PE ratio of 17.24, a PEG ratio of 1.17 and a beta of 0.60. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.67 and a quick ratio of 0.67. The company has a fifty day simple moving average of $227.48 and a 200-day simple moving average of $240.20.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.14. The firm had revenue of $60.60 billion for the quarter, compared to analyst estimates of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.14 EPS. Research analysts predict that UnitedHealth Group Inc will post 14.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, September 13th. UnitedHealth Group’s payout ratio is 33.54%.

In other news, Director William C. Ballard, Jr. sold 12,000 shares of UnitedHealth Group stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total transaction of $3,063,720.00. Following the sale, the director now owns 61,309 shares of the company’s stock, valued at approximately $15,652,800.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Burke sold 5,000 shares of UnitedHealth Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the sale, the director now directly owns 187,979 shares in the company, valued at approximately $46,318,025.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock worth $5,924,120 in the last ninety days. 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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