MU Investments Co. Ltd. cut its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 28,750 shares of the healthcare conglomerate’s stock after selling 100 shares during the period. UnitedHealth Group makes up about 3.8% of MU Investments Co. Ltd.’s portfolio, making the stock its 5th largest position. MU Investments Co. Ltd.’s holdings in UnitedHealth Group were worth $5,327,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Dubuque Bank & Trust Co. boosted its position in shares of UnitedHealth Group by 50.7% in the second quarter. Dubuque Bank & Trust Co. now owns 1,939 shares of the healthcare conglomerate’s stock valued at $360,000 after buying an additional 652 shares during the last quarter. Patriot Wealth Management Inc. boosted its position in shares of UnitedHealth Group by 3.7% in the second quarter. Patriot Wealth Management Inc. now owns 53,346 shares of the healthcare conglomerate’s stock valued at $9,891,000 after buying an additional 1,881 shares during the last quarter. Oakbrook Investments LLC boosted its position in shares of UnitedHealth Group by 8.5% in the second quarter. Oakbrook Investments LLC now owns 45,325 shares of the healthcare conglomerate’s stock valued at $8,404,000 after buying an additional 3,550 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of UnitedHealth Group by 1.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 22,805 shares of the healthcare conglomerate’s stock valued at $4,229,000 after buying an additional 246 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in shares of UnitedHealth Group by 1.6% in the second quarter. Whittier Trust Co. now owns 64,922 shares of the healthcare conglomerate’s stock valued at $12,037,000 after buying an additional 1,007 shares during the last quarter. 86.37% of the stock is currently owned by institutional investors.

UnitedHealth Group Incorporated (NYSE:UNH) traded down 1.25% during trading on Thursday, hitting $192.40. 925,870 shares of the stock were exchanged. UnitedHealth Group Incorporated has a 1-year low of $132.39 and a 1-year high of $196.04. The firm’s 50 day moving average price is $188.96 and its 200-day moving average price is $174.38. The stock has a market cap of $186.02 billion, a price-to-earnings ratio of 23.11 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, beating the consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion during 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%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. On average, analysts anticipate that UnitedHealth Group Incorporated will post $9.87 EPS for the current year.

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Several brokerages have commented on UNH. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a report on Tuesday, August 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $210.00 target price (up from $190.00) on shares of UnitedHealth Group in a report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $205.00 target price (up from $203.00) on shares of UnitedHealth Group in a report on Friday, July 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $208.00 target price on shares of UnitedHealth Group in a report on Friday, July 21st. Finally, 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. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $200.24.

In other news, Director Gail R. Wilensky sold 5,540 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $178.74, for a total value of $990,219.60. Following the completion of the sale, the director now owns 60,516 shares of the company’s stock, valued at approximately $10,816,629.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $182.64, for a total value of $913,200.00. Following the completion of the sale, the director now directly owns 75,735 shares of the company’s stock, valued at approximately $13,832,240.40. The disclosure for this sale can be found here. In the last three months, insiders sold 15,540 shares of company stock valued at $2,873,320. 0.89% of the stock is currently owned by insiders.

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

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