Altfest L J & Co. Inc. boosted its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,963 shares of the healthcare conglomerate’s stock after buying an additional 10 shares during the period. Altfest L J & Co. Inc.’s holdings in UnitedHealth Group were worth $549,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in shares of UnitedHealth Group by 2.5% in the first quarter. Retirement Systems of Alabama now owns 640,240 shares of the healthcare conglomerate’s stock valued at $105,006,000 after buying an additional 15,403 shares during the last quarter. Honeywell International Inc. bought a new position in shares of UnitedHealth Group during the first quarter valued at about $35,262,000. Baldwin Brothers Inc. MA boosted its position in shares of UnitedHealth Group by 20.7% in the first quarter. Baldwin Brothers Inc. MA now owns 1,249 shares of the healthcare conglomerate’s stock valued at $205,000 after buying an additional 214 shares during the last quarter. Harwood Advisory Group LLC boosted its position in shares of UnitedHealth Group by 0.8% in the first quarter. Harwood Advisory Group LLC now owns 1,885 shares of the healthcare conglomerate’s stock valued at $309,000 after buying an additional 15 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of UnitedHealth Group by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 25,730 shares of the healthcare conglomerate’s stock valued at $3,946,000 after buying an additional 970 shares during the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Shares of UnitedHealth Group Incorporated (NYSE UNH) traded down 0.72% on Wednesday, hitting $193.09. The stock had a trading volume of 816,038 shares. The stock has a market cap of $186.69 billion, a PE ratio of 23.20 and a beta of 0.64. The stock has a 50 day moving average of $189.87 and a 200-day moving average of $175.41. UnitedHealth Group Incorporated has a 12 month low of $132.39 and a 12 month high of $196.04.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.54%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.

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UNH has been the topic of several analyst reports. Morgan Stanley lifted their target price on UnitedHealth Group from $202.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Deutsche Bank AG reaffirmed a “buy” rating and set a $187.00 target price (up previously from $183.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $190.00 target price on shares of UnitedHealth Group in a research report on Monday, July 10th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $205.00 target price (up previously from $203.00) on shares of UnitedHealth Group in a research report on Friday, July 21st. Finally, Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. One analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $202.20.

In related news, Director Gail R. Wilensky sold 5,540 shares of UnitedHealth Group stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $178.74, for a total transaction of $990,219.60. Following the transaction, the director now directly 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 is available through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares in the company, valued at $14,753,730.84. The disclosure for this sale can be found here. Insiders have sold 15,540 shares of company stock worth $2,873,320 over the last quarter. 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.

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

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