State Treasurer State of Michigan decreased its position in UnitedHealth Group Incorporated (NYSE:UNH) by 7.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 293,413 shares of the healthcare conglomerate’s stock after selling 23,300 shares during the period. State Treasurer State of Michigan’s holdings in UnitedHealth Group were worth $57,465,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in UNH. Blue Chip Partners Inc. bought a new stake in UnitedHealth Group in the 2nd quarter valued at $110,000. Bruderman Asset Management LLC bought a new stake in UnitedHealth Group during the 2nd quarter worth about $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in UnitedHealth Group by 433.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after buying an additional 520 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in UnitedHealth Group during the 2nd quarter worth about $121,000. Finally, Kings Point Capital Management lifted its position in UnitedHealth Group by 27.9% during the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares in the last quarter. 85.97% of the stock is owned by institutional investors.

UNH has been the topic of several analyst reports. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Cantor Fitzgerald reissued a “buy” rating and set a $225.00 price target on shares of UnitedHealth Group in a research report on Monday, November 27th. ValuEngine cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Piper Jaffray Companies boosted their price target on shares of UnitedHealth Group to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $248.00 target price on shares of UnitedHealth Group in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $224.56.

In other news, Director Michele J. Hooper sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $222.20, for a total transaction of $1,111,000.00. Following the completion of the sale, the director now owns 36,989 shares of the company’s stock, valued at approximately $8,218,955.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total transaction of $200,333.25. Following the completion of the transaction, the insider now directly owns 24,630 shares of the company’s stock, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,630 shares of company stock worth $7,669,416. Company insiders own 0.89% of the company’s stock.

UnitedHealth Group Incorporated (NYSE:UNH) opened at $222.67 on Tuesday. UnitedHealth Group Incorporated has a 52 week low of $156.09 and a 52 week high of $231.77. The company has a market cap of $214,958.56, a PE ratio of 23.11, a P/E/G ratio of 1.65 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The business had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter in the prior year, the business earned $2.17 EPS. UnitedHealth Group’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts forecast that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. UnitedHealth Group’s payout ratio is presently 33.26%.

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

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