World Asset Management Inc cut its position in UnitedHealth Group Inc (NYSE:UNH) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,989 shares of the healthcare conglomerate’s stock after selling 335 shares during the quarter. UnitedHealth Group accounts for about 0.9% of World Asset Management Inc’s holdings, making the stock its 12th biggest holding. World Asset Management Inc’s holdings in UnitedHealth Group were worth $18,088,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UNH. Advisors Capital Management LLC increased its stake in shares of UnitedHealth Group by 15.2% in the third quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock valued at $382,000 after buying an additional 190 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of UnitedHealth Group by 26.5% in the second quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock valued at $226,000 after buying an additional 193 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of UnitedHealth Group by 1.2% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,096 shares of the healthcare conglomerate’s stock valued at $4,194,000 after buying an additional 200 shares during the period. Ballentine Partners LLC increased its stake in shares of UnitedHealth Group by 2.3% in the second quarter. Ballentine Partners LLC now owns 9,038 shares of the healthcare conglomerate’s stock valued at $2,218,000 after buying an additional 202 shares during the period. Finally, Nikulski Financial Inc. increased its stake in shares of UnitedHealth Group by 1.8% in the second quarter. Nikulski Financial Inc. now owns 11,759 shares of the healthcare conglomerate’s stock valued at $2,885,000 after buying an additional 205 shares during the period. Hedge funds and other institutional investors own 85.35% of the company’s stock.

NYSE UNH opened at $259.61 on Friday. UnitedHealth Group Inc has a one year low of $186.00 and a one year high of $272.07. The company has a market cap of $256.06 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.63.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 EPS for the quarter, topping the consensus estimate of $3.04 by $0.10. UnitedHealth Group had a return on equity of 22.79% and a net margin of 5.55%. The business had revenue of $56.09 billion during the quarter, compared to analysts’ expectations of $56.10 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts predict that UnitedHealth Group Inc will post 12.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Friday, September 7th were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, September 6th. This represents a $3.60 annualized dividend and a yield of 1.39%. UnitedHealth Group’s dividend payout ratio is currently 35.75%.

In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $254.79, for a total value of $3,821,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steven H. Nelson sold 8,142 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $265.00, for a total value of $2,157,630.00. Following the completion of the sale, the chief executive officer now directly owns 22,496 shares of the company’s stock, valued at approximately $5,961,440. The disclosure for this sale can be found here. Insiders have sold 94,745 shares of company stock valued at $24,995,290 in the last ninety days. 0.87% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on UNH. Jefferies Financial Group increased their price target on UnitedHealth Group from $270.00 to $311.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. ValuEngine raised UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $299.00 price target for the company in a research note on Tuesday, September 25th. Raymond James increased their price target on UnitedHealth Group from $285.00 to $304.00 and gave the company a “strong-buy” rating in a research note on Monday, September 24th. Finally, Cowen began coverage on UnitedHealth Group in a research note on Monday, September 17th. They issued an “outperform” rating and a $308.00 price target for the company. One analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $278.61.

About UnitedHealth Group

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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).

Institutional Ownership by Quarter for UnitedHealth Group (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.