BB&T Corp Sells 6,948 Shares of UnitedHealth Group Incorporated (UNH)

BB&T Corp cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,626 shares of the healthcare conglomerate’s stock after selling 6,948 shares during the period. UnitedHealth Group makes up approximately 0.8% of BB&T Corp’s portfolio, making the stock its 19th largest position. BB&T Corp’s holdings in UnitedHealth Group were worth $41,464,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Patriot Financial Group Insurance Agency LLC increased its stake in shares of UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after buying an additional 603 shares during the period. Cribstone Capital Management LLC increased its stake in shares of UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 125 shares during the period. Kings Point Capital Management increased its stake in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares during the period. Founders Capital Management acquired a new stake in shares of UnitedHealth Group during the first quarter valued at $135,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares during the period. Institutional investors own 86.21% of the company’s stock.

UnitedHealth Group Incorporated (NYSE UNH) opened at 190.82 on Friday. The stock’s 50 day moving average is $190.49 and its 200-day moving average is $175.87. UnitedHealth Group Incorporated has a 52 week low of $132.39 and a 52 week high of $196.04. The stock has a market capitalization of $184.50 billion, a PE ratio of 22.92 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The business had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that UnitedHealth Group Incorporated will post $9.87 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.57%. UnitedHealth Group’s dividend payout ratio is currently 35.13%.

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UNH has been the subject of several recent research reports. Vetr upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 target price for the company in a research note on Monday, May 15th. UBS AG reiterated a “buy” rating and set a $194.00 target price (up previously from $193.00) on shares of UnitedHealth Group in a research note on Saturday, April 22nd. Jefferies Group LLC reiterated a “buy” rating and set a $192.00 target price (up previously from $186.00) on shares of UnitedHealth Group in a research note on Saturday, April 22nd. Deutsche Bank AG reissued a “buy” rating and set a $187.00 price target (up from $183.00) on shares of UnitedHealth Group in a report on Saturday, April 22nd. Finally, Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $193.00 price target for the company in a report on Monday, May 22nd. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and an average target price of $203.41.

In other news, Director Gail R. Wilensky sold 5,540 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $178.74, for a total transaction of $990,219.60. Following the sale, the director now owns 60,516 shares in the company, valued at $10,816,629.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $182.64, for a total transaction of $913,200.00. Following the sale, the director now owns 75,735 shares in the company, valued at approximately $13,832,240.40. The disclosure for this sale can be found here. Insiders have sold 15,540 shares of company stock worth $2,873,320 in the last 90 days. 0.89% of the stock is owned by company insiders.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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

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