Principal Financial Group Inc. trimmed its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 5.0% in the third quarter, HoldingsChannel.com reports. The fund owned 1,600,524 shares of the healthcare conglomerate’s stock after selling 83,550 shares during the period. Principal Financial Group Inc.’s holdings in UnitedHealth Group were worth $313,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in shares of UnitedHealth Group by 441.4% in the 2nd quarter. Marshall Wace LLP now owns 13,935 shares of the healthcare conglomerate’s stock valued at $2,578,000 after buying an additional 11,361 shares during the period. American Century Companies Inc. lifted its holdings in shares of UnitedHealth Group by 16.9% in the 2nd quarter. American Century Companies Inc. now owns 4,703,113 shares of the healthcare conglomerate’s stock valued at $872,051,000 after buying an additional 681,111 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of UnitedHealth Group by 5.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,656,975 shares of the healthcare conglomerate’s stock valued at $678,077,000 after buying an additional 183,401 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of UnitedHealth Group by 12.3% in the 2nd quarter. Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate’s stock valued at $1,640,000 after buying an additional 967 shares during the period. Finally, Factory Mutual Insurance Co. lifted its holdings in shares of UnitedHealth Group by 20.9% in the 2nd quarter. Factory Mutual Insurance Co. now owns 416,600 shares of the healthcare conglomerate’s stock valued at $77,245,000 after buying an additional 72,000 shares during the period. 86.01% of the stock is owned by institutional investors.

UnitedHealth Group Inc (NYSE:UNH) opened at $228.73 on Friday. The stock has a market capitalization of $221,150.00, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.54 and a beta of 0.66. UnitedHealth Group Inc has a 1-year low of $156.09 and a 1-year high of $231.77. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, November 30th. UnitedHealth Group’s payout ratio is 34.09%.

UNH has been the subject of several recent analyst reports. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Cantor Fitzgerald reissued a “buy” rating and issued a $225.00 price target on shares of UnitedHealth Group in a report on Monday, November 27th. ValuEngine cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Piper Jaffray Companies raised their price target on UnitedHealth Group to $228.00 and gave the company an “overweight” rating in a report on Tuesday, October 17th. Finally, Jefferies Group reissued a “buy” rating and issued a $248.00 price target on shares of UnitedHealth Group in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $226.74.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was 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. 0.89% of the stock is currently owned by company insiders.

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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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