Municipal Employees Retirement System of Michigan reduced its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 41,620 shares of the healthcare conglomerate’s stock after selling 6,490 shares during the period. UnitedHealth Group comprises about 0.4% of Municipal Employees Retirement System of Michigan’s investment portfolio, making the stock its 18th biggest position. Municipal Employees Retirement System of Michigan’s holdings in UnitedHealth Group were worth $8,151,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Blue Chip Partners Inc. bought a new position in shares of UnitedHealth Group in the second quarter worth approximately $110,000. Bruderman Asset Management LLC bought a new position in shares of UnitedHealth Group in the second quarter worth approximately $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after purchasing an additional 520 shares during the last quarter. BDO Wealth Advisors LLC bought a new position in shares of UnitedHealth Group in the second quarter worth approximately $121,000. Finally, Acrospire Investment Management LLC grew its holdings in shares of UnitedHealth Group by 130.7% in the second quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock worth $131,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 86.01% of the company’s stock.

UnitedHealth Group Inc (NYSE:UNH) opened at $225.39 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $217,920.00, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.57 and a beta of 0.66. UnitedHealth Group Inc has a 52-week low of $156.09 and a 52-week high of $231.77.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. The business had revenue of $50.32 billion during the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 earnings per share. equities research analysts forecast that UnitedHealth Group Inc will post 9.99 EPS for the current fiscal year.

A number of brokerages recently commented on UNH. Goldman Sachs Group began coverage on UnitedHealth Group in a research note on Wednesday, January 3rd. They issued a “buy” rating and a $269.00 price target for the company. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley raised their price target on UnitedHealth Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. ValuEngine lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Leerink Swann reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $225.00) on shares of UnitedHealth Group in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $226.74.

In other UnitedHealth Group news, insider Thomas E. Roos sold 975 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the completion of the transaction, the insider now owns 24,630 shares of the company’s stock, valued at $5,060,726.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $221.75, for a total value of $5,011,106.50. Following the transaction, the chief executive officer now directly owns 195,314 shares of the company’s stock, valued at approximately $43,310,879.50. The disclosure for this sale can be found here. Insiders have sold 34,630 shares of company stock valued at $7,669,416 in the last three months. Insiders own 0.89% of the company’s stock.

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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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