Mutual of America Capital Management LLC Has $26.12 Million Position in UnitedHealth Group Incorporated (UNH)
Mutual of America Capital Management LLC increased its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,842 shares of the healthcare conglomerate’s stock after purchasing an additional 1,039 shares during the period. UnitedHealth Group makes up approximately 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 23rd largest position. Mutual of America Capital Management LLC’s holdings in UnitedHealth Group were worth $26,115,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its holdings in UnitedHealth Group by 1.2% in the second quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock valued at $12,873,786,000 after buying an additional 796,654 shares in the last quarter. State Street Corp increased its holdings in UnitedHealth Group by 2.5% in the first quarter. State Street Corp now owns 45,724,509 shares of the healthcare conglomerate’s stock valued at $7,499,276,000 after buying an additional 1,122,534 shares in the last quarter. Alliancebernstein L.P. increased its holdings in UnitedHealth Group by 2.3% in the second quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock valued at $1,466,104,000 after buying an additional 174,290 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in UnitedHealth Group by 3.9% in the second quarter. TIAA CREF Investment Management LLC now owns 5,882,427 shares of the healthcare conglomerate’s stock valued at $1,090,720,000 after buying an additional 223,524 shares in the last quarter. Finally, Veritas Asset Management LLP increased its holdings in UnitedHealth Group by 8.2% in the second quarter. Veritas Asset Management LLP now owns 5,291,867 shares of the healthcare conglomerate’s stock valued at $981,218,000 after buying an additional 399,878 shares in the last quarter. 85.71% of the stock is owned by institutional investors.
UNH has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cowen Inc reaffirmed an “outperform” rating and issued a $220.00 target price (up from $175.00) on shares of UnitedHealth Group in a report on Friday, August 11th. Morgan Stanley increased their target price on shares of UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $215.00 target price on shares of UnitedHealth Group in a report on Friday, August 18th. Finally, UBS AG reiterated an “overweight” rating on shares of UnitedHealth Group in a research report on Thursday, August 24th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. UnitedHealth Group currently has a consensus rating of “Buy” and a consensus price target of $216.65.
In other UnitedHealth Group news, insider Larry C. Renfro sold 50,574 shares of UnitedHealth Group stock in a transaction on Friday, September 15th. The shares were sold at an average price of $198.11, for a total value of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares in the company, valued at approximately $38,755,268.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the transaction, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,606 shares of company stock worth $11,433,133. 0.89% of the stock is owned by company insiders.
Shares of UnitedHealth Group Incorporated (NYSE UNH) traded up $1.29 during midday trading on Friday, reaching $212.51. 743,961 shares of the company were exchanged, compared to its average volume of 2,203,462. UnitedHealth Group Incorporated has a 1 year low of $150.00 and a 1 year high of $213.93. The firm has a market capitalization of $205,936.64, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. UnitedHealth Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the business earned $2.17 EPS. analysts anticipate that UnitedHealth Group Incorporated will post 9.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.41%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.26%.
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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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