UnitedHealth Group Incorporated (UNH) Stake Maintained by MV Capital Management Inc.
MV Capital Management Inc. maintained its position in UnitedHealth Group Incorporated (NYSE:UNH) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,090 shares of the healthcare conglomerate’s stock at the close of the second quarter. MV Capital Management Inc.’s holdings in UnitedHealth Group were worth $202,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its stake in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after acquiring an additional 603 shares during the period. Kings Point Capital Management lifted its stake in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after acquiring an additional 150 shares during the period. Founders Capital Management purchased a new stake in UnitedHealth Group in the first quarter worth about $135,000. Parkside Financial Bank & Trust lifted its stake in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after acquiring an additional 12 shares during the period. Finally, Hanson McClain Inc. lifted its stake in UnitedHealth Group by 1.7% in the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.
UnitedHealth Group Incorporated (UNH) opened at 198.06 on Friday. UnitedHealth Group Incorporated has a 12 month low of $133.03 and a 12 month high of $200.76. The company has a 50 day moving average of $196.36 and a 200 day moving average of $183.56. The stock has a market capitalization of $191.50 billion, a price-to-earnings ratio of 23.79 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 earnings per share. On average, equities analysts predict that UnitedHealth Group Incorporated will post $9.87 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.51%. The ex-dividend date was Thursday, September 7th. UnitedHealth Group’s payout ratio is 35.13%.
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UNH has been the subject of a number of research reports. Citigroup Inc. upped their price objective on shares of UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $205.00 price objective on shares of UnitedHealth Group in a research note on Friday, July 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of UnitedHealth Group in a research note on Wednesday, June 28th. BidaskClub lowered shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Mizuho set a $235.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $203.59.
In related news, insider Larry C. Renfro sold 50,574 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the sale, the insider now owns 195,625 shares in the company, valued at $38,755,268.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the business’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 sale, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,174 shares of company stock valued at $14,981,909. 0.89% of the stock is owned by company insiders.
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.
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