Ledyard National Bank decreased its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 8.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,012 shares of the healthcare conglomerate’s stock after selling 91 shares during the quarter. Ledyard National Bank’s holdings in UnitedHealth Group were worth $188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its stake 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 valued at $106,000 after buying an additional 603 shares during the last quarter. Kings Point Capital Management grew its stake in shares of UnitedHealth Group by 27.9% during 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 during the last quarter. Founders Capital Management bought a new position in shares of UnitedHealth Group during the first quarter valued at approximately $135,000. Parkside Financial Bank & Trust grew its stake in shares of UnitedHealth Group by 1.4% during 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 during the last quarter. Finally, Hanson McClain Inc. grew its stake in shares of UnitedHealth Group by 1.7% during the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after buying an additional 15 shares during the last quarter. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

UnitedHealth Group Incorporated (NYSE:UNH) traded down 0.13% during midday trading on Friday, hitting $195.85. The stock had a trading volume of 2,646,297 shares. UnitedHealth Group Incorporated has a 12 month low of $133.03 and a 12 month high of $200.76. The stock has a 50 day moving average of $195.56 and a 200 day moving average of $181.26. The stock has a market cap of $189.36 billion, a price-to-earnings ratio of 23.53 and a beta of 0.63.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.53%. UnitedHealth Group’s dividend payout ratio (DPR) is 35.13%.

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Several research analysts recently issued reports on UNH shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $190.00 price objective on shares of UnitedHealth Group in a research note on Monday, July 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $205.00 price objective on shares of UnitedHealth Group in a research note on Friday, July 7th. Credit Suisse Group reissued an “outperform” rating and issued a $200.00 price objective (up previously from $195.00) on shares of UnitedHealth Group in a research note on Thursday, July 13th. Citigroup Inc. increased their price objective on UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $212.00 price objective on shares of UnitedHealth Group in a research note on Thursday, July 20th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $203.59.

In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the transaction, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction 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. Over the last quarter, insiders have sold 76,174 shares of company stock worth $14,981,909. Company insiders own 0.89% of the company’s stock.

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.

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

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