Municipal Employees Retirement System of Michigan bought a new position in shares of UnitedHealth Group Inc (NYSE:UNH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,700 shares of the healthcare conglomerate’s stock, valued at approximately $9,392,000. UnitedHealth Group accounts for 0.6% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 15th largest position.

Other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in shares of UnitedHealth Group by 50,446.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,349,795 shares of the healthcare conglomerate’s stock worth $214,000 after purchasing an additional 53,244,249 shares in the last quarter. BlackRock Inc. increased its position in shares of UnitedHealth Group by 3.1% during the fourth quarter. BlackRock Inc. now owns 69,831,381 shares of the healthcare conglomerate’s stock worth $17,396,391,000 after purchasing an additional 2,123,417 shares in the last quarter. Rehmann Capital Advisory Group increased its position in shares of UnitedHealth Group by 26,088.2% during the third quarter. Rehmann Capital Advisory Group now owns 1,723,185 shares of the healthcare conglomerate’s stock worth $6,477,000 after purchasing an additional 1,716,605 shares in the last quarter. Vanguard Group Inc increased its position in shares of UnitedHealth Group by 1.6% during the third quarter. Vanguard Group Inc now owns 69,342,549 shares of the healthcare conglomerate’s stock worth $18,447,892,000 after purchasing an additional 1,073,505 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of UnitedHealth Group by 18.1% during the third quarter. Morgan Stanley now owns 6,495,072 shares of the healthcare conglomerate’s stock worth $1,727,948,000 after purchasing an additional 996,515 shares in the last quarter. Institutional investors own 86.72% of the company’s stock.

In other UnitedHealth Group news, Director Gail R. Wilensky sold 2,930 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $253.39, for a total value of $742,432.70. Following the sale, the director now directly owns 64,726 shares of the company’s stock, valued at $16,400,921.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $245.01, for a total transaction of $1,225,050.00. Following the completion of the sale, the director now directly owns 182,372 shares in the company, valued at $44,682,963.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,930 shares of company stock worth $3,254,083. 0.87% of the stock is owned by corporate insiders.

NYSE:UNH opened at $230.35 on Thursday. UnitedHealth Group Inc has a one year low of $208.07 and a one year high of $287.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $219.57 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.23 and a beta of 0.79.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, April 16th. The healthcare conglomerate reported $3.73 EPS for the quarter, beating the consensus estimate of $3.60 by $0.13. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. The company had revenue of $60.30 billion for the quarter, compared to analyst estimates of $59.72 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. Sell-side analysts anticipate that UnitedHealth Group Inc will post 14.7 earnings per share for the current year.

A number of equities analysts have recently issued reports on the company. Stephens assumed coverage on UnitedHealth Group in a research report on Monday, January 14th. They set an “overweight” rating and a $287.00 price target on the stock. ValuEngine downgraded UnitedHealth Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 price target on the stock in a research report on Saturday, January 5th. Barclays reduced their price target on UnitedHealth Group from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Finally, UBS Group assumed coverage on UnitedHealth Group in a research report on Tuesday. They set a “neutral” rating and a $238.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $288.74.

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About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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