Pensionfund Sabic Has $3,486,000 Position in UnitedHealth Group Inc. (UNH)
Pensionfund Sabic maintained its stake in shares of UnitedHealth Group Inc. (NYSE:UNH) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,900 shares of the healthcare conglomerate’s stock at the end of the third quarter. UnitedHealth Group makes up approximately 1.1% of Pensionfund Sabic’s investment portfolio, making the stock its 15th largest position. Pensionfund Sabic’s holdings in UnitedHealth Group were worth $3,486,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of UNH. Van Hulzen Asset Management LLC bought a new stake in UnitedHealth Group during the second quarter valued at about $104,000. Archford Capital Strategies LLC raised its stake in UnitedHealth Group by 669.2% in the second quarter. Archford Capital Strategies LLC now owns 800 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 696 shares in the last quarter. Hanson McClain Inc. raised its stake in UnitedHealth Group by 0.4% in the second quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $126,000 after buying an additional 4 shares in the last quarter. Howe & Rusling Inc. raised its stake in UnitedHealth Group by 4.5% in the second quarter. Howe & Rusling Inc. now owns 920 shares of the healthcare conglomerate’s stock valued at $130,000 after buying an additional 40 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in UnitedHealth Group by 31.4% in the second quarter. Parkside Financial Bank & Trust now owns 996 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 238 shares in the last quarter. 84.92% of the stock is owned by institutional investors.
Shares of UnitedHealth Group Inc. (NYSE:UNH) traded up 3.60% on Tuesday, reaching $157.59. The company had a trading volume of 5,827,435 shares. The stock has a market capitalization of $150.00 billion, a P/E ratio of 23.28 and a beta of 0.63. The company’s 50 day moving average price is $143.81 and its 200-day moving average price is $139.88. UnitedHealth Group Inc. has a 1-year low of $107.51 and a 1-year high of $158.12.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 18th. The healthcare conglomerate reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.09. UnitedHealth Group had a net margin of 3.62% and a return on equity of 19.92%. The business had revenue of $46.30 billion for the quarter, compared to analyst estimates of $46.09 billion. During the same period last year, the company posted $1.77 EPS. The business’s revenue was up 11.6% on a year-over-year basis. Equities analysts predict that UnitedHealth Group Inc. will post $8.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Friday, December 2nd will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, November 30th. UnitedHealth Group’s dividend payout ratio (DPR) is 36.93%.
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Several analysts have issued reports on the company. Leerink Swann reissued a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, November 23rd. Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group AG restated an “outperform” rating and issued a $160.00 price objective (up from $155.00) on shares of UnitedHealth Group in a research report on Friday, October 21st. Mizuho boosted their price objective on UnitedHealth Group from $160.00 to $169.00 and gave the company a “buy” rating in a research report on Wednesday, October 19th. Finally, Vetr downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $144.66 price objective on the stock. in a research report on Tuesday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $158.03.
In other UnitedHealth Group news, EVP D Ellen Wilson sold 14,365 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $144.18, for a total value of $2,071,145.70. Following the transaction, the executive vice president now directly owns 66,635 shares of the company’s stock, valued at approximately $9,607,434.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail R. Wilensky sold 5,460 shares of the firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $150.55, for a total transaction of $822,003.00. Following the completion of the transaction, the director now directly owns 60,052 shares in the company, valued at $9,040,828.60. The disclosure for this sale can be found here. 1.65% of the stock is currently owned by company insiders.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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