Princeton Global Asset Management LLC Sells 82 Shares of UnitedHealth Group Incorporated (NYSE:UNH)


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Princeton Global Asset Management LLC lowered its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,093 shares of the healthcare conglomerate’s stock after selling 82 shares during the quarter. UnitedHealth Group makes up approximately 2.2% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Princeton Global Asset Management LLC’s holdings in UnitedHealth Group were worth $6,345,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UNH. Prestige Wealth Management Group LLC grew its position in UnitedHealth Group by 20.3% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,829 shares of the healthcare conglomerate’s stock valued at $570,000 after purchasing an additional 309 shares during the period. Cypress Asset Management Inc. TX raised its stake in UnitedHealth Group by 0.8% in the 3rd quarter. Cypress Asset Management Inc. TX now owns 9,216 shares of the healthcare conglomerate’s stock valued at $2,873,000 after acquiring an additional 76 shares during the period. Clear Harbor Asset Management LLC raised its stake in UnitedHealth Group by 5.2% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 7,653 shares of the healthcare conglomerate’s stock valued at $2,386,000 after acquiring an additional 381 shares during the period. Landsberg Bennett & Dubbaneh LLC raised its stake in UnitedHealth Group by 2.4% in the 3rd quarter. Landsberg Bennett & Dubbaneh LLC now owns 15,833 shares of the healthcare conglomerate’s stock valued at $4,816,000 after acquiring an additional 377 shares during the period. Finally, Steel Peak Wealth Management LLC raised its stake in UnitedHealth Group by 29.8% in the 3rd quarter. Steel Peak Wealth Management LLC now owns 959 shares of the healthcare conglomerate’s stock valued at $299,000 after acquiring an additional 220 shares during the period. 86.03% of the stock is owned by hedge funds and other institutional investors.

In other UnitedHealth Group news, CAO Thomas E. Roos sold 619 shares of the business’s stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $323.90, for a total value of $200,494.10. Following the completion of the transaction, the chief accounting officer now directly owns 31,908 shares in the company, valued at approximately $10,335,001.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marianne D. Short sold 9,681 shares of the business’s stock in a transaction on Tuesday, December 29th. The shares were sold at an average price of $348.00, for a total value of $3,368,988.00. Following the completion of the transaction, the executive vice president now owns 167,202 shares of the company’s stock, valued at $58,186,296. The disclosure for this sale can be found here. Insiders have sold a total of 37,293 shares of company stock valued at $12,886,401 over the last 90 days. Insiders own 0.80% of the company’s stock.

Several analysts have issued reports on UNH shares. Stephens upped their target price on UnitedHealth Group from $355.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 2nd. Cantor Fitzgerald upped their target price on UnitedHealth Group from $360.00 to $375.00 and gave the company an “overweight” rating in a report on Wednesday, December 2nd. SVB Leerink upped their price target on UnitedHealth Group from $378.00 to $390.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. Mizuho upped their price target on UnitedHealth Group from $361.00 to $380.00 and gave the stock a “buy” rating in a research note on Monday, November 9th. Finally, Morgan Stanley increased their target price on UnitedHealth Group from $371.00 to $454.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 2nd. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. UnitedHealth Group presently has a consensus rating of “Buy” and an average price target of $387.82.

Shares of NYSE UNH traded up $0.66 during midday trading on Tuesday, reaching $328.30. 74,607 shares of the company were exchanged, compared to its average volume of 3,453,442. UnitedHealth Group Incorporated has a 1 year low of $187.72 and a 1 year high of $367.95. The stock has a fifty day simple moving average of $341.25 and a 200 day simple moving average of $330.10. The stock has a market cap of $311.50 billion, a P/E ratio of 18.82, a PEG ratio of 1.55 and a beta of 0.74. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.59.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 19th. The healthcare conglomerate reported $2.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.13. UnitedHealth Group had a return on equity of 27.53% and a net margin of 6.62%. The company had revenue of $65.47 billion for the quarter, compared to analyst estimates of $64.98 billion. During the same quarter in the previous year, the company earned $3.90 EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts forecast that UnitedHealth Group Incorporated will post 16.75 earnings per share for the current year.

UnitedHealth Group 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; Medicaid plans, Children's Health Insurance Program, and health care programs; medical and dental benefits; and health care delivery.

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

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