Raymond James Trust N.A. lifted its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,536 shares of the healthcare conglomerate’s stock after purchasing an additional 2,800 shares during the period. UnitedHealth Group comprises about 0.8% of Raymond James Trust N.A.’s investment portfolio, making the stock its 26th biggest holding. Raymond James Trust N.A.’s holdings in UnitedHealth Group were worth $19,497,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Allred Capital Management LLC lifted its position in shares of UnitedHealth Group by 9.5% during the third quarter. Allred Capital Management LLC now owns 2,956 shares of the healthcare conglomerate’s stock worth $921,000 after purchasing an additional 256 shares during the last quarter. Norway Savings Bank raised its stake in UnitedHealth Group by 437.5% during the third quarter. Norway Savings Bank now owns 215 shares of the healthcare conglomerate’s stock worth $67,000 after acquiring an additional 175 shares during the period. Red Door Wealth Management LLC raised its stake in UnitedHealth Group by 1.1% during the third quarter. Red Door Wealth Management LLC now owns 6,397 shares of the healthcare conglomerate’s stock worth $1,995,000 after acquiring an additional 67 shares during the period. Aries Wealth Management raised its stake in UnitedHealth Group by 3.4% during the third quarter. Aries Wealth Management now owns 2,160 shares of the healthcare conglomerate’s stock worth $673,000 after acquiring an additional 72 shares during the period. Finally, Strategic Investment Advisors MI raised its stake in UnitedHealth Group by 29.8% during the third quarter. Strategic Investment Advisors MI now owns 2,045 shares of the healthcare conglomerate’s stock worth $637,000 after acquiring an additional 469 shares during the period. 86.39% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Richard T. Burke sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $303.50, for a total value of $3,035,000.00. Following the completion of the transaction, the director now owns 159,215 shares of the company’s stock, valued at approximately $48,321,752.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marianne D. Short sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $321.34, for a total transaction of $3,856,080.00. Following the completion of the transaction, the executive vice president now directly owns 140,885 shares of the company’s stock, valued at approximately $45,271,985.90. The disclosure for this sale can be found here. Insiders have sold 47,336 shares of company stock valued at $14,928,276 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Shares of NYSE:UNH opened at $329.90 on Friday. The stock has a market capitalization of $313.52 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.44 and a beta of 0.68. UnitedHealth Group Inc has a 1-year low of $187.72 and a 1-year high of $333.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.84 and a current ratio of 0.84. The company has a 50 day moving average price of $311.35 and a 200 day moving average price of $297.69.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.53. The firm had revenue of $65.12 billion during the quarter, compared to analysts’ expectations of $63.97 billion. UnitedHealth Group had a net margin of 6.90% and a return on equity of 29.28%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $3.88 earnings per share. On average, sell-side analysts expect that UnitedHealth Group Inc will post 16.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, September 11th. UnitedHealth Group’s payout ratio is 33.09%.

UNH has been the topic of several research reports. UBS Group increased their price objective on shares of UnitedHealth Group from $319.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday. Stephens increased their price objective on shares of UnitedHealth Group from $325.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Royal Bank of Canada increased their price objective on shares of UnitedHealth Group from $384.00 to $389.00 and gave the stock an “outperform” rating in a research note on Thursday. Credit Suisse Group set a $335.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of UnitedHealth Group from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $346.68.

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 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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