Richard T. Burke Sells 15,000 Shares of UnitedHealth Group Incorporated (UNH) Stock
UnitedHealth Group Incorporated (NYSE:UNH) Director Richard T. Burke sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the sale, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The transaction was disclosed in a document filed with the SEC, which is available at this link.
UnitedHealth Group Incorporated (NYSE:UNH) opened at 194.24 on Thursday. The company has a market cap of $187.80 billion, a price-to-earnings ratio of 23.33 and a beta of 0.64. The firm has a 50-day moving average of $191.01 and a 200-day moving average of $176.65. UnitedHealth Group Incorporated has a 52 week low of $132.39 and a 52 week high of $196.04.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm had revenue of $50.05 billion for the quarter, compared to analysts’ expectations of $49.97 billion. During the same period in the prior year, the firm posted $1.96 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.54%. UnitedHealth Group’s dividend payout ratio is currently 35.13%.
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Several large investors have recently added to or reduced their stakes in the company. Blue Chip Partners Inc. bought a new stake in UnitedHealth Group during the second quarter worth approximately $110,000. Bruderman Asset Management LLC bought a new stake in UnitedHealth Group during the second quarter worth approximately $114,000. Patriot Financial Group Insurance Agency LLC boosted its stake in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after buying an additional 520 shares in the last quarter. Finally, BDO Wealth Advisors LLC bought a new stake in UnitedHealth Group during the second quarter worth approximately $121,000. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on UNH. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Cantor Fitzgerald reiterated an “overweight” rating and set a $208.00 price target on shares of UnitedHealth Group in a research report on Friday, July 21st. Vetr upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $186.50 price target for the company in a research report on Tuesday, May 30th. Jefferies Group LLC reiterated a “buy” rating and set a $192.00 price target on shares of UnitedHealth Group in a research report on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $205.00 price target (up previously from $203.00) on shares of UnitedHealth Group in a research report on Friday, July 21st. One investment analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $203.41.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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