Blue Fin Capital Inc. Buys 119 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Blue Fin Capital Inc. grew its stake in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,006 shares of the healthcare conglomerate’s stock after acquiring an additional 119 shares during the period. UnitedHealth Group comprises about 2.1% of Blue Fin Capital Inc.’s holdings, making the stock its 9th biggest position. Blue Fin Capital Inc.’s holdings in UnitedHealth Group were worth $7,142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of UnitedHealth Group in the fourth quarter valued at about $4,478,185,000. State Street Corp boosted its position in UnitedHealth Group by 1.9% during the fourth quarter. State Street Corp now owns 45,559,868 shares of the healthcare conglomerate’s stock worth $22,877,432,000 after acquiring an additional 869,827 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of UnitedHealth Group by 2,853.0% in the 4th quarter. Marshall Wace LLP now owns 861,798 shares of the healthcare conglomerate’s stock valued at $432,746,000 after purchasing an additional 832,614 shares in the last quarter. Capital International Investors boosted its position in UnitedHealth Group by 4.3% during the 4th quarter. Capital International Investors now owns 19,342,468 shares of the healthcare conglomerate’s stock worth $9,713,058,000 after purchasing an additional 790,219 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of UnitedHealth Group in the fourth quarter valued at about $346,859,000. 87.48% of the stock is owned by hedge funds and other institutional investors.

UNH has been the topic of several recent analyst reports. StockNews.com initiated coverage on UnitedHealth Group in a research note on Thursday, March 31st. They issued a “strong-buy” rating on the stock. BMO Capital Markets raised their price target on shares of UnitedHealth Group from $510.00 to $600.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 19th. Morgan Stanley increased their price objective on shares of UnitedHealth Group from $570.00 to $577.00 and gave the company an “overweight” rating in a research note on Monday, April 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of UnitedHealth Group from $482.00 to $549.00 and gave the company a “buy” rating in a research note on Monday, April 18th. Finally, Loop Capital started coverage on UnitedHealth Group in a research report on Thursday, June 16th. They issued a “buy” rating and a $575.00 target price for the company. Three research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $555.73.

NYSE UNH opened at $489.68 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $459.40 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.41 and a beta of 0.83. The business’s fifty day moving average is $496.56 and its two-hundred day moving average is $490.86. UnitedHealth Group Incorporated has a 1 year low of $383.12 and a 1 year high of $553.29.

UnitedHealth Group (NYSE:UNHGet Rating) last released its quarterly earnings results on Thursday, April 14th. The healthcare conglomerate reported $5.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.09. UnitedHealth Group had a return on equity of 24.74% and a net margin of 5.86%. The business had revenue of $80.15 billion during the quarter, compared to analyst estimates of $78.77 billion. During the same quarter last year, the company posted $5.31 EPS. UnitedHealth Group’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that UnitedHealth Group Incorporated will post 21.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 28th. Shareholders of record on Monday, June 20th will be given a $1.65 dividend. This represents a $6.60 annualized dividend and a yield of 1.35%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $1.45. The ex-dividend date is Thursday, June 16th. UnitedHealth Group’s payout ratio is currently 36.12%.

In other news, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $478.96, for a total value of $1,197,400.00. Following the sale, the director now directly owns 1,215,000 shares in the company, valued at approximately $581,936,400. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederick William Mcnabb III bought 89 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were acquired at an average price of $504.32 per share, for a total transaction of $44,884.48. Following the acquisition, the director now directly owns 11,259 shares of the company’s stock, valued at approximately $5,678,138.88. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

About UnitedHealth Group (Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 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 and health care programs; health and dental benefits; and hospital and clinical services.

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

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