World Asset Management Inc reduced its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,061 shares of the healthcare conglomerate’s stock after selling 12,467 shares during the quarter. UnitedHealth Group accounts for approximately 0.6% of World Asset Management Inc’s holdings, making the stock its 20th biggest position. World Asset Management Inc’s holdings in UnitedHealth Group were worth $17,997,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UNH. Waldron LP raised its stake in shares of UnitedHealth Group by 153.1% in the 1st quarter. Waldron LP now owns 5,765 shares of the healthcare conglomerate’s stock valued at $944,000 after buying an additional 3,487 shares in the last quarter. Financial Architects Inc raised its stake in shares of UnitedHealth Group by 45.4% in the 1st quarter. Financial Architects Inc now owns 2,037 shares of the healthcare conglomerate’s stock valued at $334,000 after buying an additional 636 shares in the last quarter. Braun Stacey Associates Inc. raised its stake in shares of UnitedHealth Group by 7.6% in the 1st quarter. Braun Stacey Associates Inc. now owns 94,900 shares of the healthcare conglomerate’s stock valued at $15,564,000 after buying an additional 6,710 shares in the last quarter. IFP Advisors Inc raised its stake in shares of UnitedHealth Group by 0.3% in the 1st quarter. IFP Advisors Inc now owns 25,643 shares of the healthcare conglomerate’s stock valued at $4,206,000 after buying an additional 79 shares in the last quarter. Finally, Scott & Selber Inc. raised its stake in shares of UnitedHealth Group by 0.7% in the 1st quarter. Scott & Selber Inc. now owns 25,324 shares of the healthcare conglomerate’s stock valued at $4,153,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 86.19% of the company’s stock.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the transaction, the director now directly owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $191.71, for a total value of $2,875,650.00. Following the transaction, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,174 shares of company stock worth $14,981,909. Insiders own 0.89% of the company’s stock.

A number of brokerages have recently issued reports on UNH. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, August 29th. UBS AG restated an “overweight” rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $215.00 price objective on shares of UnitedHealth Group in a research note on Friday, August 18th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $203.59.

Shares of UnitedHealth Group Incorporated (NYSE:UNH) opened at 195.85 on Friday. The firm’s 50-day moving average is $195.56 and its 200 day moving average is $181.26. UnitedHealth Group Incorporated has a one year low of $133.03 and a one year high of $200.76. The firm has a market capitalization of $189.36 billion, a P/E ratio of 23.53 and a beta of 0.63.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm had revenue of $50.05 billion for the quarter, compared to analyst estimates of $49.97 billion. During the same period in the previous year, the firm earned $1.96 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.53%. The ex-dividend date was Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.

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UnitedHealth Group 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.

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

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