Comerica Securities Inc. Has $3.47 Million Position in UnitedHealth Group Incorporated (UNH)
Comerica Securities Inc. lowered its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,709 shares of the healthcare conglomerate’s stock after selling 84 shares during the quarter. Comerica Securities Inc.’s holdings in UnitedHealth Group were worth $3,469,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Chip Partners Inc. bought a new stake in UnitedHealth Group in the second quarter valued at about $110,000. Kings Point Capital Management increased its stake 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 period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after buying an additional 520 shares during the last quarter. BDO Wealth Advisors LLC bought a new stake in UnitedHealth Group during the second quarter worth about $121,000. Finally, Founders Capital Management bought a new stake in UnitedHealth Group during the first quarter worth about $135,000. 85.71% of the stock is currently owned by institutional investors and hedge funds.
UnitedHealth Group Incorporated (UNH) opened at $212.60 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. The firm has a market cap of $205,550.00, a P/E ratio of 21.86, a P/E/G ratio of 1.56 and a beta of 0.64. UnitedHealth Group Incorporated has a twelve month low of $150.00 and a twelve month high of $213.93.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share. equities analysts predict that UnitedHealth Group Incorporated will post 9.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.41%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 34.09%.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the sale, the director now directly owns 60,834 shares in the company, valued at $12,135,774.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kenneth Irwin Shine sold 457 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,606 shares of company stock worth $11,433,133. Company insiders own 0.89% of the company’s stock.
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Several brokerages have weighed in on UNH. Leerink Swann reaffirmed a “buy” rating and set a $240.00 price objective (up from $225.00) on shares of UnitedHealth Group in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a research note on Thursday, September 21st. Cantor Fitzgerald upped their price objective on shares of UnitedHealth Group to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Oppenheimer Holdings, Inc. upped their price objective on shares of UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $219.00 price objective (up from $210.00) on shares of UnitedHealth Group in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $216.65.
About UnitedHealth Group
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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