Pure Financial Advisors Inc. Buys Shares of 995 UnitedHealth Group Inc (UNH)
Pure Financial Advisors Inc. bought a new position in UnitedHealth Group Inc (NYSE:UNH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 995 shares of the healthcare conglomerate’s stock, valued at approximately $219,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. White Lighthouse Investment Management Inc. purchased a new stake in shares of UnitedHealth Group in the fourth quarter worth about $295,000. Hutchens Investment Management Inc boosted its stake in shares of UnitedHealth Group by 8.2% in the fourth quarter. Hutchens Investment Management Inc now owns 8,144 shares of the healthcare conglomerate’s stock worth $1,795,000 after buying an additional 619 shares during the last quarter. Oak Point Wealth Management purchased a new stake in shares of UnitedHealth Group in the fourth quarter worth about $1,426,000. Abner Herrman & Brock LLC boosted its stake in shares of UnitedHealth Group by 8.7% in the fourth quarter. Abner Herrman & Brock LLC now owns 33,428 shares of the healthcare conglomerate’s stock worth $7,370,000 after buying an additional 2,669 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of UnitedHealth Group by 6.1% in the third quarter. Prudential Financial Inc. now owns 2,560,731 shares of the healthcare conglomerate’s stock worth $501,520,000 after buying an additional 146,274 shares during the last quarter. Hedge funds and other institutional investors own 86.00% of the company’s stock.
In related news, Director Michele J. Hooper sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $237.76, for a total value of $2,377,600.00. Following the completion of the sale, the director now owns 37,284 shares of the company’s stock, valued at $8,864,643.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Larry C. Renfro sold 22,598 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $221.75, for a total value of $5,011,106.50. Following the completion of the sale, the chief executive officer now directly owns 195,314 shares of the company’s stock, valued at approximately $43,310,879.50. The disclosure for this sale can be found here. Insiders have sold 53,396 shares of company stock valued at $12,262,067 in the last three months. Insiders own 0.89% of the company’s stock.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The business had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.57 billion. During the same quarter in the prior year, the firm earned $2.11 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.31%. UnitedHealth Group’s payout ratio is currently 31.58%.
UNH has been the topic of a number of recent research reports. Cantor Fitzgerald restated a “buy” rating and issued a $225.00 target price on shares of UnitedHealth Group in a research note on Monday, November 27th. Jefferies Group reiterated a “buy” rating and set a $248.00 price target on shares of UnitedHealth Group in a research report on Friday, December 1st. Deutsche Bank increased their price target on UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Credit Suisse Group started coverage on UnitedHealth Group in a research report on Thursday, November 2nd. They set an “outperform” rating and a $233.00 price target on the stock. Finally, Citigroup increased their price target on UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $243.22.
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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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