Heritage Wealth Advisors increased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 29.6% during the third quarter, Holdings Channel reports. The firm owned 3,830 shares of the healthcare conglomerate’s stock after buying an additional 874 shares during the period. Heritage Wealth Advisors’ holdings in UnitedHealth Group were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in UNH. National Pension Service raised its position in UnitedHealth Group by 8.7% in the third quarter. National Pension Service now owns 583,377 shares of the healthcare conglomerate’s stock valued at $81,673,000 after buying an additional 46,613 shares during the period. AGF Investments Inc. raised its position in UnitedHealth Group by 377.8% in the second quarter. AGF Investments Inc. now owns 423,387 shares of the healthcare conglomerate’s stock valued at $59,771,000 after buying an additional 334,776 shares during the period. IFC Holdings Incorporated FL raised its position in UnitedHealth Group by 5.7% in the third quarter. IFC Holdings Incorporated FL now owns 30,988 shares of the healthcare conglomerate’s stock valued at $4,349,000 after buying an additional 1,665 shares during the period. British Airways Pensions Investment Management Ltd raised its position in UnitedHealth Group by 15.2% in the second quarter. British Airways Pensions Investment Management Ltd now owns 390,988 shares of the healthcare conglomerate’s stock valued at $55,426,000 after buying an additional 51,460 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in UnitedHealth Group by 214.0% in the third quarter. BNP Paribas Arbitrage SA now owns 459,451 shares of the healthcare conglomerate’s stock valued at $64,323,000 after buying an additional 313,125 shares during the period. 84.80% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of UnitedHealth Group Incorporated (NYSE:UNH) traded down 0.34% on Friday, reaching $161.80. The company had a trading volume of 3,183,274 shares. The company’s 50-day moving average is $160.37 and its 200 day moving average is $145.70. The firm has a market capitalization of $154.00 billion, a PE ratio of 23.90 and a beta of 0.67. UnitedHealth Group Incorporated has a 12 month low of $108.83 and a 12 month high of $164.00.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 18th. The healthcare conglomerate reported $2.17 EPS for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.09. The business had revenue of $46.30 billion for the quarter, compared to analyst estimates of $46.09 billion. UnitedHealth Group had a return on equity of 19.92% and a net margin of 3.62%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 EPS. Equities analysts forecast that UnitedHealth Group Incorporated will post $8.02 earnings per share for the current year.

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UNH has been the topic of several recent research reports. Jefferies Group reissued a “buy” rating and set a $163.00 price target on shares of UnitedHealth Group in a research report on Sunday, October 16th. Mizuho boosted their price target on UnitedHealth Group from $160.00 to $169.00 and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Vetr raised UnitedHealth Group from a “buy” rating to a “strong-buy” rating and set a $189.00 price target on the stock in a research report on Wednesday, December 28th. Evercore ISI initiated coverage on UnitedHealth Group in a research report on Thursday, September 22nd. They set a “buy” rating and a $155.00 price target on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and set a $160.00 price target (up from $155.00) on shares of UnitedHealth Group in a research report on Friday, October 21st. Twenty-two equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $165.62.

In related news, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $159.80, for a total transaction of $2,397,000.00. Following the completion of the sale, the director now owns 1,940,030 shares in the company, valued at approximately $310,016,794. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenneth Irwin Shine sold 325 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $144.99, for a total value of $47,121.75. Following the sale, the director now owns 28,613 shares of the company’s stock, valued at approximately $4,148,598.87. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

UnitedHealth Group Company Profile

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

5 Day Chart for NYSE:UNH

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