Hallmark Capital Management Inc. lifted its stake in UnitedHealth Group Inc (NYSE:UNH) by 13.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,674 shares of the healthcare conglomerate’s stock after acquiring an additional 437 shares during the period. Hallmark Capital Management Inc.’s holdings in UnitedHealth Group were worth $896,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in UNH. FMR LLC boosted its position in UnitedHealth Group by 1.9% during the 4th quarter. FMR LLC now owns 64,480,003 shares of the healthcare conglomerate’s stock worth $16,063,258,000 after acquiring an additional 1,232,189 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of UnitedHealth Group by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock worth $2,882,988,000 after purchasing an additional 965,763 shares in the last quarter. Norges Bank bought a new stake in shares of UnitedHealth Group during the 4th quarter worth approximately $2,343,175,000. Janus Henderson Group PLC raised its stake in shares of UnitedHealth Group by 16.7% during the 2nd quarter. Janus Henderson Group PLC now owns 6,448,289 shares of the healthcare conglomerate’s stock worth $1,573,438,000 after purchasing an additional 922,290 shares in the last quarter. Finally, Sanders Capital LLC raised its stake in shares of UnitedHealth Group by 50.2% during the 2nd quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock worth $1,255,689,000 after purchasing an additional 1,546,140 shares in the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.
In related news, Director Timothy Patrick Flynn bought 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $227.55 per share, for a total transaction of $455,100.00. Following the acquisition, the director now directly owns 5,524 shares of the company’s stock, valued at approximately $1,256,986.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William C. Ballard, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total value of $3,063,720.00. Following the transaction, the director now directly owns 61,309 shares of the company’s stock, valued at approximately $15,652,800.79. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,000 shares of company stock worth $4,758,720. 0.87% of the stock is currently owned by corporate insiders.
UNH has been the topic of a number of analyst reports. Deutsche Bank initiated coverage on UnitedHealth Group in a research note on Thursday. They set a “hold” rating and a $263.00 price objective on the stock. Credit Suisse Group set a $293.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research note on Thursday, August 29th. Morgan Stanley increased their price target on UnitedHealth Group from $285.00 to $298.00 and gave the company an “overweight” rating in a research note on Friday, July 12th. Royal Bank of Canada set a $311.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research upgraded UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target on the stock in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $292.47.
UNH stock opened at $235.74 on Friday. The stock’s fifty day simple moving average is $241.01 and its two-hundred day simple moving average is $243.65. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94. The stock has a market cap of $220.30 billion, a P/E ratio of 18.30, a P/E/G ratio of 1.24 and a beta of 0.62.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 25.20% and a net margin of 5.51%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.14 earnings per share. As a group, analysts forecast that UnitedHealth Group Inc will post 14.84 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.83%. UnitedHealth Group’s payout ratio is 33.54%.
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; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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