Hartford Investment Management Co. decreased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 11.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 225,403 shares of the healthcare conglomerate’s stock after selling 28,871 shares during the period. UnitedHealth Group accounts for approximately 0.8% of Hartford Investment Management Co.’s holdings, making the stock its 23rd largest position. Hartford Investment Management Co.’s holdings in UnitedHealth Group were worth $41,794,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC boosted its position in shares of UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after buying an additional 603 shares in the last quarter. Cribstone Capital Management LLC boosted its position in shares of UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 125 shares in the last quarter. Kings Point Capital Management boosted its position in shares of 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 buying an additional 150 shares in the last quarter. Founders Capital Management acquired a new position in shares of UnitedHealth Group during the first quarter valued at $135,000. Finally, Parkside Financial Bank & Trust boosted its position in shares of UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

UnitedHealth Group Incorporated (NYSE:UNH) traded up 0.13% during mid-day trading on Friday, hitting $199.16. 1,118,443 shares of the stock were exchanged. UnitedHealth Group Incorporated has a 52-week low of $132.39 and a 52-week high of $199.99. The stock’s 50 day moving average is $192.48 and its 200 day moving average is $178.06. The stock has a market cap of $192.56 billion, a PE ratio of 23.93 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. Analysts forecast that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 7th. UnitedHealth Group’s dividend payout ratio is currently 35.13%.

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UNH has been the topic of several analyst reports. Vetr upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Monday, May 15th. BidaskClub upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 price target on the stock in a research note on Wednesday, June 7th. Jefferies Group LLC restated a “buy” rating and set a $192.00 target price on shares of UnitedHealth Group in a research note on Friday, May 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $185.00 target price on shares of UnitedHealth Group in a research note on Wednesday, June 28th. One research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $203.41.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Burke sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the transaction, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,000 shares of company stock worth $4,758,750. Insiders own 0.89% of the company’s stock.

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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