Avitas Wealth Management LLC lifted its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 1.6% during the third quarter, Holdings Channel.com reports. The firm owned 19,197 shares of the healthcare conglomerate’s stock after acquiring an additional 300 shares during the quarter. UnitedHealth Group makes up 1.2% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Avitas Wealth Management LLC’s holdings in UnitedHealth Group were worth $4,172,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Northern Trust Corp lifted its holdings in shares of UnitedHealth Group by 0.4% during the second quarter. Northern Trust Corp now owns 12,111,540 shares of the healthcare conglomerate’s stock worth $2,955,336,000 after purchasing an additional 53,710 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of UnitedHealth Group by 1,354.6% during the second quarter. Nuveen Asset Management LLC now owns 8,540,562 shares of the healthcare conglomerate’s stock worth $2,083,983,000 after purchasing an additional 7,953,416 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of UnitedHealth Group by 16.7% during the second quarter. Janus Henderson Group PLC now owns 6,448,289 shares of the healthcare conglomerate’s stock worth $1,573,438,000 after purchasing an additional 922,290 shares during the period. Viking Global Investors LP lifted its holdings in shares of UnitedHealth Group by 28.6% during the second quarter. Viking Global Investors LP now owns 4,812,185 shares of the healthcare conglomerate’s stock worth $1,174,221,000 after purchasing an additional 1,071,149 shares during the period. Finally, Sanders Capital LLC lifted its holdings in shares of UnitedHealth Group by 50.2% during the second quarter. Sanders Capital LLC now owns 4,626,666 shares of the healthcare conglomerate’s stock worth $1,255,689,000 after purchasing an additional 1,546,140 shares during the period. Institutional investors own 85.71% of the company’s stock.

In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 12,000 shares of UnitedHealth Group stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total value of $3,063,720.00. Following the completion of the sale, the director now directly owns 61,309 shares of the company’s stock, valued at $15,652,800.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard T. Burke sold 2,000 shares of UnitedHealth Group stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $231.50, for a total transaction of $463,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $43,517,138.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,000 shares of company stock valued at $11,838,120. Insiders own 0.87% of the company’s stock.

UNH stock opened at $245.34 on Friday. The firm has a market cap of $230.92 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.29 and a beta of 0.60. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.67. UnitedHealth Group Inc has a 12-month low of $208.07 and a 12-month high of $287.94. The company’s fifty day simple moving average is $227.43 and its 200 day simple moving average is $239.63.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The business had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. During the same quarter in the previous year, the business earned $3.41 earnings per share. UnitedHealth Group’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts expect that UnitedHealth Group Inc will post 14.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, September 13th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 33.54%.

UNH has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating on the stock in a report on Thursday, September 26th. UBS Group cut their price target on shares of UnitedHealth Group from $281.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday. Deutsche Bank initiated coverage on shares of UnitedHealth Group in a report on Thursday, September 12th. They set a “hold” rating and a $263.00 price target on the stock. Cantor Fitzgerald set a $310.00 target price on shares of UnitedHealth Group and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $300.00 to $235.00 in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average price target of $283.84.

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 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.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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