California State Teachers Retirement System grew its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,722,879 shares of the healthcare conglomerate’s stock after purchasing an additional 21,293 shares during the period. UnitedHealth Group makes up about 0.7% of California State Teachers Retirement System’s holdings, making the stock its 25th largest holding. California State Teachers Retirement System owned about 0.18% of UnitedHealth Group worth $374,416,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Garrison Point Advisors LLC boosted its holdings in UnitedHealth Group by 1.2% in the 2nd quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock valued at $851,000 after purchasing an additional 40 shares in the last quarter. Clear Harbor Asset Management LLC boosted its holdings in UnitedHealth Group by 0.6% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 6,573 shares of the healthcare conglomerate’s stock valued at $1,428,000 after purchasing an additional 40 shares in the last quarter. Smith Moore & CO. boosted its holdings in UnitedHealth Group by 1.3% in the 2nd quarter. Smith Moore & CO. now owns 3,156 shares of the healthcare conglomerate’s stock valued at $770,000 after purchasing an additional 41 shares in the last quarter. Meridian Financial Partners LLC lifted its position in shares of UnitedHealth Group by 2.7% during the 2nd quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock valued at $403,000 after acquiring an additional 43 shares during the period. Finally, Empirical Finance LLC lifted its position in shares of UnitedHealth Group by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 2,313 shares of the healthcare conglomerate’s stock valued at $503,000 after acquiring an additional 43 shares during the period. Institutional investors own 85.50% of the company’s stock.
In other news, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $232.76, for a total value of $581,900.00. Following the sale, the director now owns 187,979 shares in the company, valued at approximately $43,753,992.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas E. Roos sold 1,177 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $255.04, for a total transaction of $300,182.08. Following the sale, the chief accounting officer now owns 21,687 shares in the company, valued at approximately $5,531,052.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,577 shares of company stock worth $9,398,080. Company insiders own 0.82% of the company’s stock.
Shares of NYSE UNH traded up $2.42 during trading on Wednesday, hitting $279.32. 2,677,711 shares of the company traded hands, compared to its average volume of 4,470,949. UnitedHealth Group Inc has a 1 year low of $208.07 and a 1 year high of $283.00. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $264.70 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.48 and a beta of 0.64. The company has a 50-day moving average price of $260.30 and a 200-day moving average price of $245.75.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The firm had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. During the same quarter in the previous year, the business posted $3.41 EPS. The firm’s revenue was up 6.7% compared to the same quarter last year. Research analysts predict that UnitedHealth Group Inc will post 14.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $4.32 dividend on an annualized basis and a yield of 1.55%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.
UNH has been the subject of a number of research reports. Jefferies Financial Group downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $300.00 to $235.00 in a research report on Thursday, October 10th. Credit Suisse Group restated an “outperform” rating and set a $320.00 price objective (up from $293.00) on shares of UnitedHealth Group in a research report on Wednesday. Morgan Stanley restated a “buy” rating and set a $312.00 price objective (up from $294.00) on shares of UnitedHealth Group in a research report on Friday, November 22nd. BMO Capital Markets lifted their price objective on UnitedHealth Group to $310.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Cantor Fitzgerald lifted their price objective on UnitedHealth Group from $310.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $298.35.
About UnitedHealth Group
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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