Harbour Investment Management LLC bought a new position in UnitedHealth Group Inc (NYSE:UNH) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,780 shares of the healthcare conglomerate’s stock, valued at approximately $2,426,000. UnitedHealth Group accounts for about 1.5% of Harbour Investment Management LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of UnitedHealth Group by 7.5% during the second quarter. Vanguard Group Inc. now owns 80,727,140 shares of the healthcare conglomerate’s stock valued at $23,810,470,000 after purchasing an additional 5,654,194 shares during the last quarter. State Street Corp lifted its holdings in shares of UnitedHealth Group by 0.5% during the first quarter. State Street Corp now owns 46,003,796 shares of the healthcare conglomerate’s stock valued at $11,472,427,000 after purchasing an additional 212,240 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of UnitedHealth Group by 4.4% during the second quarter. Nuveen Asset Management LLC now owns 7,294,171 shares of the healthcare conglomerate’s stock valued at $2,151,416,000 after purchasing an additional 305,797 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of UnitedHealth Group by 3.3% during the second quarter. Sanders Capital LLC now owns 5,422,137 shares of the healthcare conglomerate’s stock valued at $1,787,646,000 after purchasing an additional 172,998 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of UnitedHealth Group by 0.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,794,237 shares of the healthcare conglomerate’s stock valued at $1,414,060,000 after purchasing an additional 39,532 shares during the last quarter. 86.39% of the stock is currently owned by institutional investors.

In related news, EVP Marianne D. Short sold 12,000 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 140,885 shares in the company, valued at approximately $45,271,985.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Marianne D. Short sold 10,336 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $312.34, for a total value of $3,228,346.24. Over the last three months, insiders sold 37,336 shares of company stock valued at $11,893,276. Corporate insiders own 0.80% of the company’s stock.

Shares of UnitedHealth Group stock traded up $4.87 on Friday, reaching $330.60. The company had a trading volume of 2,349,525 shares, compared to its average volume of 2,721,790. The firm has a market cap of $314.18 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.53 and a beta of 0.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.82 and a quick ratio of 0.84. The firm’s 50-day moving average price is $313.06 and its two-hundred day moving average price is $300.72. UnitedHealth Group Inc has a 1 year low of $187.72 and a 1 year high of $335.65.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.53. The company had revenue of $65.12 billion during the quarter, compared to analysts’ expectations of $63.97 billion. UnitedHealth Group had a return on equity of 27.53% and a net margin of 6.62%. UnitedHealth Group’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.88 EPS. As a group, analysts anticipate that UnitedHealth Group Inc will post 16.78 EPS for the current year.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 1st. Morgan Stanley reissued a “buy” rating and set a $371.00 price target on shares of UnitedHealth Group in a research report on Thursday, July 16th. SVB Leerink raised their price target on shares of UnitedHealth Group from $370.00 to $373.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Raymond James lifted their target price on shares of UnitedHealth Group from $350.00 to $355.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 15th. Finally, Oppenheimer lifted their target price on shares of UnitedHealth Group from $353.00 to $375.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Five investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $346.68.

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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