Prudential Financial Inc. boosted its stake in UnitedHealth Group Inc (NYSE:UNH) by 6.1% in the third quarter, HoldingsChannel.com reports. The firm owned 2,560,731 shares of the healthcare conglomerate’s stock after acquiring an additional 146,274 shares during the quarter. UnitedHealth Group comprises about 0.7% of Prudential Financial Inc.’s portfolio, making the stock its 18th largest position. Prudential Financial Inc.’s holdings in UnitedHealth Group were worth $501,520,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its holdings in UnitedHealth Group by 441.4% in the second quarter. Marshall Wace LLP now owns 13,935 shares of the healthcare conglomerate’s stock valued at $2,578,000 after purchasing an additional 11,361 shares during the period. American Century Companies Inc. grew its holdings in UnitedHealth Group by 16.9% in the second quarter. American Century Companies Inc. now owns 4,703,113 shares of the healthcare conglomerate’s stock valued at $872,051,000 after purchasing an additional 681,111 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in UnitedHealth Group by 2.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 489,647 shares of the healthcare conglomerate’s stock valued at $95,646,000 after purchasing an additional 9,810 shares during the period. Essex Financial Services Inc. grew its holdings in UnitedHealth Group by 12.3% in the second quarter. Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate’s stock valued at $1,640,000 after purchasing an additional 967 shares during the period. Finally, Bainco International Investors grew its holdings in UnitedHealth Group by 5.4% in the third quarter. Bainco International Investors now owns 82,676 shares of the healthcare conglomerate’s stock valued at $16,192,000 after purchasing an additional 4,202 shares during the period. Hedge funds and other institutional investors own 86.00% of the company’s stock.

A number of research firms recently issued reports on UNH. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $267.00 target price for the company in a report on Saturday, January 20th. Argus boosted their target price on shares of UnitedHealth Group to $270.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Credit Suisse Group boosted their target price on shares of UnitedHealth Group from $252.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, January 17th. Oppenheimer boosted their price objective on shares of UnitedHealth Group from $260.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Finally, Cantor Fitzgerald boosted their price objective on shares of UnitedHealth Group to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $243.22.

UnitedHealth Group Inc (NYSE UNH) opened at $225.69 on Tuesday. UnitedHealth Group Inc has a 12-month low of $156.49 and a 12-month high of $250.79. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.73. The company has a market cap of $218,710.00, a price-to-earnings ratio of 21.07, a PEG ratio of 1.29 and a beta of 0.70.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The business had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.57 billion. During the same period in the previous year, the company posted $2.11 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. research analysts anticipate that UnitedHealth Group Inc will post 12.51 EPS for the current year.

In other news, Director William C. Ballard, Jr. sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $246.38, for a total transaction of $2,463,800.00. Following the transaction, the director now directly owns 76,637 shares of the company’s stock, valued at $18,881,824.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth Irwin Shine sold 198 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $242.55, for a total transaction of $48,024.90. Following the transaction, the director now directly owns 1,790,567 shares in the company, valued at $434,302,025.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,396 shares of company stock worth $12,262,067. Corporate insiders own 0.89% of the company’s stock.

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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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