Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 85.2% during the first quarter, Holdings Channel reports. The institutional investor owned 298,338 shares of the healthcare conglomerate’s stock after buying an additional 137,265 shares during the period. UnitedHealth Group comprises 1.1% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s investment portfolio, making the stock its 14th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in UnitedHealth Group were worth $48,930,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of UNH. Ellington Management Group LLC acquired a new stake in UnitedHealth Group during the fourth quarter valued at approximately $528,000. Highland Capital Management LP acquired a new stake in UnitedHealth Group during the fourth quarter valued at approximately $4,001,000. Retirement Systems of Alabama boosted its stake in UnitedHealth Group by 2.5% in the first quarter. Retirement Systems of Alabama now owns 640,240 shares of the healthcare conglomerate’s stock valued at $105,006,000 after buying an additional 15,403 shares in the last quarter. Fiera Capital Corp boosted its stake in UnitedHealth Group by 10.1% in the fourth quarter. Fiera Capital Corp now owns 630,755 shares of the healthcare conglomerate’s stock valued at $100,945,000 after buying an additional 58,073 shares in the last quarter. Finally, Polaris Capital Management LLC boosted its stake in UnitedHealth Group by 23.5% in the fourth quarter. Polaris Capital Management LLC now owns 209,780 shares of the healthcare conglomerate’s stock valued at $33,573,000 after buying an additional 39,884 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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

Shares of UnitedHealth Group Incorporated (UNH) opened at 181.63 on Friday. The stock has a 50 day moving average price of $176.17 and a 200 day moving average price of $166.97. The firm has a market cap of $175.03 billion, a PE ratio of 23.25 and a beta of 0.65. UnitedHealth Group Incorporated has a 12 month low of $132.39 and a 12 month high of $183.76.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, April 18th. The healthcare conglomerate reported $2.37 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.20. UnitedHealth Group had a net margin of 4.13% and a return on equity of 21.42%. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.21 billion. During the same quarter in the prior year, the company earned $1.81 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that UnitedHealth Group Incorporated will post $9.80 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 27th. Investors of record on Monday, June 19th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $0.63. UnitedHealth Group’s dividend payout ratio is currently 37.36%.

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UNH has been the topic of several analyst reports. Vetr upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a research report on Monday, May 15th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Thursday, March 2nd. Mizuho lifted their price target on UnitedHealth Group from $178.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, April 18th. Wells Fargo & Company reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Tuesday, February 21st. Finally, Leerink Swann lifted their price target on UnitedHealth Group from $195.00 to $210.00 and gave the company a “hold” rating in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $184.23.

In related news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $182.64, for a total value of $913,200.00. Following the completion of the sale, the director now owns 75,735 shares in the company, valued at approximately $13,832,240.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP D Ellen Wilson sold 14,000 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $170.54, for a total transaction of $2,387,560.00. Following the completion of the sale, the executive vice president now owns 31,993 shares of the company’s stock, valued at approximately $5,456,086.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,378 shares of company stock valued at $5,285,052. 0.89% of the stock is owned by corporate insiders.

UnitedHealth Group Company 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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