Investors Sell UnitedHealth Group (UNH) on Strength on Insider Selling

Investors sold shares of UnitedHealth Group Inc (NYSE:UNH) on strength during trading hours on Tuesday after an insider sold shares in the company. $149.84 million flowed into the stock on the tick-up and $221.32 million flowed out of the stock on the tick-down, for a money net flow of $71.48 million out of the stock. Of all equities tracked, UnitedHealth Group had the 13th highest net out-flow for the day. UnitedHealth Group traded up $1.73 for the day and closed at $226.78Specifically, Director Kenneth Irwin Shine sold 198 shares of the company’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $242.55, for a total transaction of $48,024.90. Following the completion of the transaction, the director now directly owns 1,790,567 shares of the company’s stock, valued at $434,302,025.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Larry C. Renfro sold 22,184 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $228.94, for a total value of $5,078,804.96. Following the transaction, the insider now directly owns 173,229 shares of the company’s stock, valued at $39,659,047.26. The disclosure for this sale can be found here. Insiders have sold 67,015 shares of company stock valued at $15,635,599 over the last ninety days. 0.89% of the stock is owned by insiders.

Several research analysts have recently weighed in on the company. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating on shares of UnitedHealth Group in a research report on Friday, March 9th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $280.00 price objective on shares of UnitedHealth Group in a research report on Thursday, March 8th. Barclays assumed coverage on UnitedHealth Group in a research report on Thursday, March 8th. They set an “overweight” rating and a $265.00 price target for the company. Finally, Argus increased their price target on UnitedHealth Group to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $245.14.

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The firm has a market capitalization of $220,491.67, a PE ratio of 21.17, a PEG ratio of 1.33 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The company had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.57 billion. During the same period last year, the firm posted $2.11 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. sell-side analysts predict that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. UnitedHealth Group’s payout ratio is 28.01%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KBC Group NV lifted its position in shares of UnitedHealth Group by 4.7% in the third quarter. KBC Group NV now owns 323,799 shares of the healthcare conglomerate’s stock valued at $63,416,000 after buying an additional 14,672 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of UnitedHealth Group by 2.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 489,647 shares of the healthcare conglomerate’s stock worth $95,646,000 after purchasing an additional 9,810 shares during the period. Bainco International Investors increased its stake in shares of UnitedHealth Group by 5.4% during the third quarter. Bainco International Investors now owns 82,676 shares of the healthcare conglomerate’s stock worth $16,192,000 after purchasing an additional 4,202 shares during the period. Toronto Dominion Bank increased its stake in shares of UnitedHealth Group by 69.1% during the third quarter. Toronto Dominion Bank now owns 383,943 shares of the healthcare conglomerate’s stock worth $75,193,000 after purchasing an additional 156,892 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of UnitedHealth Group by 2.7% during the third quarter. Norinchukin Bank The now owns 180,773 shares of the healthcare conglomerate’s stock worth $35,405,000 after purchasing an additional 4,838 shares during the period. 86.78% of the stock is owned by institutional investors.

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About UnitedHealth Group

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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