UnitedHealth Group Incorporated $UNH Shares Sold by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR trimmed its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,358 shares of the healthcare conglomerate’s stock after selling 3,244 shares during the period. UnitedHealth Group comprises 2.1% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 14th biggest holding. Pioneer Trust Bank N A OR’s holdings in UnitedHealth Group were worth $8,756,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UNH. Norges Bank purchased a new position in shares of UnitedHealth Group in the 2nd quarter valued at about $3,837,207,000. Berkshire Hathaway Inc purchased a new position in UnitedHealth Group in the second quarter valued at about $1,572,193,000. Dodge & Cox boosted its stake in shares of UnitedHealth Group by 117.7% during the 2nd quarter. Dodge & Cox now owns 8,750,560 shares of the healthcare conglomerate’s stock worth $2,729,912,000 after acquiring an additional 4,730,192 shares in the last quarter. Lone Pine Capital LLC purchased a new position in UnitedHealth Group in the 2nd quarter valued at approximately $528,273,000. Finally, Amundi boosted its position in UnitedHealth Group by 33.8% during the second quarter. Amundi now owns 6,191,871 shares of the healthcare conglomerate’s stock worth $1,904,372,000 after purchasing an additional 1,565,245 shares in the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Stock Down 0.9%

Shares of NYSE:UNH opened at $343.83 on Friday. UnitedHealth Group Incorporated has a 12-month low of $234.60 and a 12-month high of $606.36. The stock’s 50-day moving average price is $329.51 and its two-hundred day moving average price is $321.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.71. The firm has a market cap of $311.46 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.09 and a beta of 0.42.

UnitedHealth Group (NYSE:UNHGet Free Report) last released its earnings results on Tuesday, October 28th. The healthcare conglomerate reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.05. UnitedHealth Group had a net margin of 4.04% and a return on equity of 19.23%. The business had revenue of $113.16 billion for the quarter, compared to analysts’ expectations of $113.19 billion. During the same period last year, the company earned $7.15 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts forecast that UnitedHealth Group Incorporated will post 29.54 EPS for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 8th were given a $2.21 dividend. This represents a $8.84 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, December 8th. UnitedHealth Group’s dividend payout ratio (DPR) is 46.14%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. KeyCorp lifted their price target on UnitedHealth Group from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Leerink Partners set a $410.00 price objective on shares of UnitedHealth Group and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Weiss Ratings upgraded UnitedHealth Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $333.00 price objective on the stock. in a research report on Wednesday, October 29th. Finally, Morgan Stanley boosted their target price on shares of UnitedHealth Group from $325.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $385.75.

Read Our Latest Stock Analysis on UnitedHealth Group

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UnitedHealth Group Company Profile

(Free Report)

UnitedHealth Group Inc is a diversified health care company headquartered in Minnetonka, Minnesota, that operates two primary business platforms: UnitedHealthcare and Optum. Founded in 1977, the company provides a broad range of health benefits and health care services to individuals, employers, governmental entities and other organizations. Its operations span commercial employer-sponsored plans, individual and Medicare and Medicaid programs, and services for customers and health systems in the United States and selected international markets.

UnitedHealthcare is the company’s benefits business, administering health plans and networks, managing provider relationships, and offering coverage products for employers, individuals, and government-sponsored programs.

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

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