Wealthstreet Investment Advisors LLC cut its holdings in UnitedHealth Group Inc (NYSE:UNH) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,320 shares of the healthcare conglomerate’s stock after selling 680 shares during the period. UnitedHealth Group makes up approximately 1.8% of Wealthstreet Investment Advisors LLC’s investment portfolio, making the stock its 8th largest position. Wealthstreet Investment Advisors LLC’s holdings in UnitedHealth Group were worth $14,717,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. White Lighthouse Investment Management Inc. bought a new position in shares of UnitedHealth Group in the second quarter worth about $324,000. Wells Fargo & Company MN raised its holdings in UnitedHealth Group by 0.5% in the 2nd quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock valued at $1,887,377,000 after buying an additional 39,480 shares during the last quarter. Sawtooth Solutions LLC raised its holdings in UnitedHealth Group by 34.4% in the 3rd quarter. Sawtooth Solutions LLC now owns 4,413 shares of the healthcare conglomerate’s stock valued at $1,174,000 after buying an additional 1,129 shares during the last quarter. Granite Investment Advisors LLC raised its holdings in UnitedHealth Group by 1.4% in the 2nd quarter. Granite Investment Advisors LLC now owns 34,225 shares of the healthcare conglomerate’s stock valued at $8,397,000 after buying an additional 476 shares during the last quarter. Finally, M Holdings Securities Inc. raised its holdings in UnitedHealth Group by 12.1% in the 2nd quarter. M Holdings Securities Inc. now owns 5,128 shares of the healthcare conglomerate’s stock valued at $1,258,000 after buying an additional 553 shares during the last quarter. Institutional investors and hedge funds own 85.43% of the company’s stock.

A number of brokerages recently issued reports on UNH. BMO Capital Markets raised their price objective on shares of UnitedHealth Group to $310.00 and gave the company an “outperform” rating in a report on Thursday, October 18th. Oppenheimer raised their price objective on shares of UnitedHealth Group from $276.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, October 17th. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $287.00 target price for the company in a research report on Sunday, July 15th. Piper Jaffray Companies increased their target price on shares of UnitedHealth Group to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 17th. Finally, Royal Bank of Canada increased their target price on shares of UnitedHealth Group from $282.00 to $284.00 and gave the company a “$255.42” rating in a research report on Wednesday, July 18th. One research analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $289.41.

In other news, CEO Steven H. Nelson sold 8,142 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 22,496 shares of the company’s stock, valued at approximately $5,961,440. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP D Ellen Wilson sold 15,393 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $264.29, for a total transaction of $4,068,215.97. Following the sale, the executive vice president now directly owns 66,402 shares of the company’s stock, valued at approximately $17,549,384.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 69,568 shares of company stock valued at $18,539,877. Insiders own 0.87% of the company’s stock.

Shares of UNH stock opened at $274.63 on Thursday. The company has a market cap of $253.65 billion, a PE ratio of 27.27, a P/E/G ratio of 1.52 and a beta of 0.78. UnitedHealth Group Inc has a 52 week low of $208.48 and a 52 week high of $276.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.75.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping the consensus estimate of $3.30 by $0.11. The company had revenue of $56.56 billion during the quarter, compared to the consensus estimate of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.66 EPS. On average, sell-side analysts expect that UnitedHealth Group Inc will post 12.81 earnings per share for the current fiscal year.

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UnitedHealth Group Profile

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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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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