UnitedHealth Group Inc (UNH) Holdings Raised by Holderness Investments Co.
Holderness Investments Co. raised its position in UnitedHealth Group Inc (NYSE:UNH) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,536 shares of the healthcare conglomerate’s stock after purchasing an additional 245 shares during the period. UnitedHealth Group accounts for 1.3% of Holderness Investments Co.’s investment portfolio, making the stock its 19th largest holding. Holderness Investments Co.’s holdings in UnitedHealth Group were worth $2,803,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of UnitedHealth Group by 5.1% in the 2nd quarter. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate’s stock valued at $15,118,428,000 after buying an additional 2,981,233 shares in the last quarter. Vontobel Asset Management Inc. acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $404,980,000. Janus Henderson Group PLC boosted its holdings in shares of UnitedHealth Group by 61.7% in the 2nd quarter. Janus Henderson Group PLC now owns 3,525,090 shares of the healthcare conglomerate’s stock valued at $864,869,000 after buying an additional 1,345,083 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $248,898,000. Finally, Jennison Associates LLC boosted its holdings in shares of UnitedHealth Group by 12.0% in the 2nd quarter. Jennison Associates LLC now owns 6,616,652 shares of the healthcare conglomerate’s stock valued at $1,623,329,000 after buying an additional 710,745 shares in the last quarter. 85.57% of the stock is currently owned by institutional investors.
Shares of UnitedHealth Group stock opened at $278.55 on Thursday. The firm has a market cap of $270.68 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.65 and a beta of 0.76. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.61. UnitedHealth Group Inc has a one year low of $208.48 and a one year high of $287.94.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Monday, December 3rd will be issued a $0.90 dividend. The ex-dividend date is Friday, November 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.29%. UnitedHealth Group’s dividend payout ratio is presently 35.75%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. Oppenheimer upped their target price on shares of UnitedHealth Group from $295.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, November 28th. Raymond James set a $310.00 price target on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Bank of America increased their price target on shares of UnitedHealth Group from $315.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Finally, Piper Jaffray Companies increased their price target on shares of UnitedHealth Group to $312.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 28th. Two investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $292.48.
In other news, CEO Steven H. Nelson sold 26,033 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $270.65, for a total value of $7,045,831.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven H. Nelson sold 8,142 shares of the stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.00, for a total transaction of $2,157,630.00. Following the completion of the transaction, the chief executive officer now owns 22,496 shares of the company’s stock, valued at approximately $5,961,440. The disclosure for this sale can be found here. Insiders sold a total of 60,428 shares of company stock valued at $16,232,134 in the last quarter. Insiders own 0.87% of the company’s stock.
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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 care coverage, and 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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