Swedbank grew its holdings in UnitedHealth Group Inc (NYSE:UNH) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,453,731 shares of the healthcare conglomerate’s stock after buying an additional 18,132 shares during the quarter. UnitedHealth Group makes up 1.7% of Swedbank’s portfolio, making the stock its 16th largest position. Swedbank’s holdings in UnitedHealth Group were worth $386,751,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in UNH. FMR LLC increased its position in UnitedHealth Group by 5.1% in the second quarter. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate’s stock worth $15,118,428,000 after purchasing an additional 2,981,233 shares during the period. Wells Fargo & Company MN increased its position in UnitedHealth Group by 0.5% in the second quarter. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate’s stock worth $1,887,377,000 after purchasing an additional 39,480 shares during the period. Jennison Associates LLC increased its position in UnitedHealth Group by 12.0% in the second quarter. Jennison Associates LLC now owns 6,616,652 shares of the healthcare conglomerate’s stock worth $1,623,329,000 after purchasing an additional 710,745 shares during the period. Summit Trail Advisors LLC increased its position in UnitedHealth Group by 19,286.4% in the first quarter. Summit Trail Advisors LLC now owns 6,228,065 shares of the healthcare conglomerate’s stock worth $6,228,000 after purchasing an additional 6,195,939 shares during the period. Finally, Morgan Stanley increased its position in UnitedHealth Group by 5.2% in the second quarter. Morgan Stanley now owns 5,498,557 shares of the healthcare conglomerate’s stock worth $1,349,017,000 after purchasing an additional 269,652 shares during the period. Institutional investors own 85.35% of the company’s stock.
In other news, CEO Steven H. Nelson sold 26,033 shares of UnitedHealth Group stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $270.65, for a total transaction of $7,045,831.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP D Ellen Wilson sold 15,393 shares of UnitedHealth Group stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $264.29, for a total value of $4,068,215.97. Following the transaction, the executive vice president now owns 66,402 shares in the company, valued at approximately $17,549,384.58. The disclosure for this sale can be found here. Insiders have sold a total of 94,745 shares of company stock valued at $24,995,290 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.
UnitedHealth Group stock opened at $259.61 on Friday. The stock has a market cap of $256.06 billion, a PE ratio of 25.78, a P/E/G ratio of 1.58 and a beta of 0.73. UnitedHealth Group Inc has a 1 year low of $186.00 and a 1 year high of $272.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.04 by $0.10. The company had revenue of $56.09 billion during the quarter, compared to analyst estimates of $56.10 billion. UnitedHealth Group had a return on equity of 22.79% and a net margin of 5.55%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 EPS. Equities analysts forecast that UnitedHealth Group Inc will post 12.72 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Friday, September 7th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, September 6th. This represents a $3.60 annualized dividend and a dividend yield of 1.39%. UnitedHealth Group’s payout ratio is currently 35.75%.
A number of analysts recently commented on UNH shares. Citigroup lowered UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price objective for the company. in a research report on Monday, September 10th. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Raymond James lifted their price objective on UnitedHealth Group from $285.00 to $304.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 24th. Morgan Stanley lifted their price objective on UnitedHealth Group from $278.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 5th. Finally, ValuEngine lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 11th. One analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $278.61.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
Featured Story: Do stock splits help investors?
Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Inc (NYSE:UNH).
Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.