UnitedHealth Group Incorporated (NYSE:UNH) Shares Sold by Oregon Public Employees Retirement Fund


Share on StockTwits

Oregon Public Employees Retirement Fund decreased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 40.6% in the 4th quarter, HoldingsChannel reports. The firm owned 177,873 shares of the healthcare conglomerate’s stock after selling 121,358 shares during the period. UnitedHealth Group makes up about 0.8% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 20th largest holding. Oregon Public Employees Retirement Fund’s holdings in UnitedHealth Group were worth $62,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AGF Investments Inc. grew its holdings in shares of UnitedHealth Group by 18.7% during the 4th quarter. AGF Investments Inc. now owns 518,475 shares of the healthcare conglomerate’s stock worth $181,819,000 after purchasing an additional 81,789 shares during the period. Trust Asset Management LLC grew its holdings in shares of UnitedHealth Group by 30.3% during the 4th quarter. Trust Asset Management LLC now owns 6,268 shares of the healthcare conglomerate’s stock worth $2,198,000 after purchasing an additional 1,458 shares during the period. Lokken Investment Group LLC purchased a new stake in shares of UnitedHealth Group during the 4th quarter worth about $734,000. Kinloch Capital LLC purchased a new stake in shares of UnitedHealth Group during the 4th quarter worth about $116,000. Finally, Pioneer Trust Bank N A OR grew its holdings in shares of UnitedHealth Group by 2.5% during the 4th quarter. Pioneer Trust Bank N A OR now owns 32,715 shares of the healthcare conglomerate’s stock worth $11,472,000 after purchasing an additional 804 shares during the period. Institutional investors own 86.03% of the company’s stock.

In other UnitedHealth Group news, CAO Thomas E. Roos sold 619 shares of the stock in a transaction on Tuesday, February 9th. The stock was sold at an average price of $323.90, for a total value of $200,494.10. Following the sale, the chief accounting officer now directly owns 31,908 shares of the company’s stock, valued at $10,335,001.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard T. Burke sold 7,000 shares of the stock in a transaction on Tuesday, December 8th. The stock was sold at an average price of $349.78, for a total value of $2,448,460.00. Following the completion of the transaction, the director now directly owns 159,487 shares of the company’s stock, valued at approximately $55,785,362.86. The disclosure for this sale can be found here. Insiders sold 37,293 shares of company stock worth $12,886,401 over the last ninety days. 0.80% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Mizuho boosted their target price on UnitedHealth Group from $361.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, November 9th. Stephens upped their price target on UnitedHealth Group from $355.00 to $380.00 and gave the stock an “overweight” rating in a report on Wednesday, December 2nd. JPMorgan Chase & Co. upped their price target on UnitedHealth Group from $360.00 to $430.00 in a report on Wednesday, December 2nd. Morgan Stanley upped their price target on UnitedHealth Group from $371.00 to $454.00 and gave the stock an “overweight” rating in a report on Wednesday, December 2nd. Finally, BMO Capital Markets upped their price target on UnitedHealth Group from $385.00 to $395.00 and gave the stock a “market perform” rating in a report on Wednesday, December 2nd. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $387.82.

Shares of UNH stock traded up $0.66 on Tuesday, hitting $328.30. 74,607 shares of the stock traded hands, compared to its average volume of 3,453,442. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $311.50 billion, a PE ratio of 18.82, a PEG ratio of 1.55 and a beta of 0.74. UnitedHealth Group Incorporated has a 1-year low of $187.72 and a 1-year high of $367.95. The company’s fifty day moving average is $341.25 and its 200 day moving average is $330.10.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, January 19th. The healthcare conglomerate reported $2.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $0.13. The business had revenue of $65.47 billion for the quarter, compared to analyst estimates of $64.98 billion. UnitedHealth Group had a return on equity of 27.53% and a net margin of 6.62%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.90 EPS. As a group, equities research analysts expect that UnitedHealth Group Incorporated will post 16.75 EPS for the current year.

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 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; Medicaid plans, Children's Health Insurance Program, and health care programs; medical and dental benefits; and health care delivery.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Incorporated (NYSE:UNH).

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

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.