IBM Retirement Fund lowered its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 84.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,357 shares of the healthcare conglomerate’s stock after selling 75,047 shares during the period. IBM Retirement Fund’s holdings in UnitedHealth Group were worth $2,768,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in UNH. Patriot Financial Group Insurance Agency LLC raised 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 valued at $106,000 after buying an additional 603 shares during the period. Cribstone Capital Management LLC raised its stake in UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 125 shares during the period. Founders Capital Management bought a new stake in UnitedHealth Group during the first quarter valued at about $135,000. Parkside Financial Bank & Trust raised its stake in UnitedHealth Group by 1.4% in the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after buying an additional 12 shares during the period. Finally, Hanson McClain Inc. raised its stake in UnitedHealth Group by 1.7% in the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after buying an additional 15 shares during the period. 86.21% of the stock is currently owned by institutional investors.

UnitedHealth Group Incorporated (NYSE:UNH) traded up 0.962% during trading on Thursday, reaching $197.765. The company’s stock had a trading volume of 743,906 shares. UnitedHealth Group Incorporated has a 52-week low of $132.39 and a 52-week high of $198.39. The company has a market cap of $191.21 billion, a PE ratio of 23.758 and a beta of 0.64. The stock has a 50-day moving average price of $191.39 and a 200 day moving average price of $177.03.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion during the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. On average, analysts expect that UnitedHealth Group Incorporated will post $9.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.00 annualized dividend and a yield of 1.53%. UnitedHealth Group’s dividend payout ratio is currently 35.13%.

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Several analysts have recently issued reports on UNH shares. Vetr raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Monday, May 15th. BidaskClub raised UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 target price on the stock in a report on Wednesday, June 7th. Jefferies Group LLC reissued a “buy” rating and set a $192.00 target price on shares of UnitedHealth Group in a report on Friday, May 19th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $185.00 target price on shares of UnitedHealth Group in a report on Wednesday, June 28th. One 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 an average price target of $203.41.

In related news, Director Gail R. Wilensky sold 5,540 shares of UnitedHealth Group stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $178.74, for a total value of $990,219.60. Following the completion of the transaction, the director now owns 60,516 shares in the company, valued at $10,816,629.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $191.71, for a total value of $2,875,650.00. Following the completion of the transaction, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,540 shares of company stock valued at $5,748,970. 0.89% of the stock is currently owned by company insiders.

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

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