Bellwether Investment Group LLC Acquires 45 Shares of UnitedHealth Group Incorporated (UNH)
Bellwether Investment Group LLC lifted its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,551 shares of the healthcare conglomerate’s stock after purchasing an additional 45 shares during the quarter. UnitedHealth Group comprises about 3.0% of Bellwether Investment Group LLC’s investment portfolio, making the stock its 5th biggest position. Bellwether Investment Group LLC’s holdings in UnitedHealth Group were worth $658,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of UnitedHealth Group by 1,722.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after purchasing an additional 603 shares during the last quarter. Blue Chip Partners Inc. acquired a new stake in shares of UnitedHealth Group during the second quarter worth $110,000. Kings Point Capital Management boosted its holdings in 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 acquiring an additional 150 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after acquiring an additional 520 shares during the last quarter. Finally, BDO Wealth Advisors LLC acquired a new position in UnitedHealth Group in the second quarter valued at $121,000. Institutional investors and hedge funds own 86.14% of the company’s stock.
In other UnitedHealth Group news, insider Larry C. Renfro sold 50,574 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the sale, the insider now directly owns 195,625 shares in the company, valued at $38,755,268.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the company’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $205.47, for a total transaction of $200,333.25. Following the sale, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock valued at $14,212,342 over the last 90 days. Corporate insiders own 0.89% of the company’s stock.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The company had revenue of $50.32 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same period in the prior year, the company earned $2.17 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year.
A number of research analysts recently weighed in on UNH shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $205.00 target price on shares of UnitedHealth Group in a report on Friday, July 7th. Citigroup Inc. lifted their target price on UnitedHealth Group from $195.00 to $213.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $212.00 target price on shares of UnitedHealth Group in a report on Thursday, July 20th. BidaskClub cut UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, Mizuho set a $235.00 target price on UnitedHealth Group and gave the company a “buy” rating in a report on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $216.65.
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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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