Oakworth Capital Inc. Maintains Stake in UnitedHealth Group Incorporated (UNH)
Oakworth Capital Inc. maintained its position in UnitedHealth Group Incorporated (NYSE:UNH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,261 shares of the healthcare conglomerate’s stock at the end of the second quarter. Oakworth Capital Inc.’s holdings in UnitedHealth Group were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of UNH. Patriot Financial Group Insurance Agency LLC grew its stake in shares of UnitedHealth Group by 1,722.9% during the 1st 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 period. Kings Point Capital Management raised its position in shares of UnitedHealth Group by 27.9% in the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares during the period. Founders Capital Management purchased a new position in shares of UnitedHealth Group in the 1st quarter worth $135,000. Parkside Financial Bank & Trust raised its position in shares of UnitedHealth Group by 1.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after buying an additional 12 shares during the period. Finally, Hanson McClain Inc. raised its position in shares of UnitedHealth Group by 1.7% in the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after buying an additional 15 shares during the period. 86.19% of the stock is currently owned by institutional investors.
UnitedHealth Group Incorporated (NYSE:UNH) opened at 197.44 on Tuesday. The firm has a market capitalization of $190.90 billion, a price-to-earnings ratio of 23.72 and a beta of 0.63. UnitedHealth Group Incorporated has a one year low of $133.03 and a one year high of $200.76. The firm’s 50-day moving average is $195.77 and its 200 day moving average is $182.90.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion for 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 company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.96 EPS. Analysts forecast that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a $0.75 dividend. The ex-dividend date was Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.52%. UnitedHealth Group’s dividend payout ratio is 35.13%.
In related news, insider Larry C. Renfro sold 50,574 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 195,625 shares in the company, valued at $38,755,268.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total transaction of $969,900.00. Following the completion of the sale, the director now owns 76,058 shares of the company’s stock, valued at approximately $14,753,730.84. The disclosure for this sale can be found here. Insiders sold 76,174 shares of company stock valued at $14,981,909 over the last three months. 0.89% of the stock is owned by company insiders.
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UNH has been the topic of a number of research analyst reports. ValuEngine upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, August 29th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a research note on Thursday, September 21st. UBS AG restated an “overweight” rating on shares of UnitedHealth Group in a report on Thursday, August 24th. Finally, Morgan Stanley raised their price objective on UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $203.59.
UnitedHealth Group Profile
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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