UnitedHealth Group Incorporated (UNH) Holdings Maintained by Cohen Capital Management Inc.
Cohen Capital Management Inc. held its position in UnitedHealth Group Incorporated (NYSE:UNH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,245 shares of the healthcare conglomerate’s stock at the end of the 2nd quarter. UnitedHealth Group makes up about 4.1% of Cohen Capital Management Inc.’s portfolio, making the stock its largest position. Cohen Capital Management Inc.’s holdings in UnitedHealth Group were worth $16,548,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in UNH. Patriot Financial Group Insurance Agency LLC lifted its position in shares of 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 last quarter. Kings Point Capital Management lifted its position in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares during the last quarter. Founders Capital Management acquired a new stake in shares of UnitedHealth Group in the first quarter valued at approximately $135,000. Parkside Financial Bank & Trust lifted its position in shares of 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 last quarter. Finally, Hanson McClain Inc. lifted its position in shares of 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 last quarter. 86.19% of the stock is owned by institutional investors.
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A number of research firms have recently issued reports on UNH. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 price objective for the company in a research report on Thursday. ValuEngine raised UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Cantor Fitzgerald reissued a “buy” rating on shares of UnitedHealth Group in a report on Tuesday, August 29th. UBS AG reissued an “overweight” rating on shares of UnitedHealth Group in a report on Thursday, August 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $215.00 price target on shares of UnitedHealth Group in a report on Friday, August 18th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $203.59.
Shares of UnitedHealth Group Incorporated (NYSE UNH) traded down 1.12% during trading on Friday, hitting $193.03. The stock had a trading volume of 5,660,220 shares. The company has a market cap of $186.63 billion, a PE ratio of 23.19 and a beta of 0.63. The firm’s 50 day moving average is $195.56 and its 200 day moving average is $181.26. UnitedHealth Group Incorporated has a 1-year low of $133.03 and a 1-year high of $200.76.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 earnings per share. Equities research analysts anticipate that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.55%. UnitedHealth Group’s payout ratio is currently 35.13%.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Larry C. Renfro sold 50,574 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the transaction, the insider now directly owns 195,625 shares in the company, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,174 shares of company stock worth $14,981,909. Insiders own 0.89% of the company’s stock.
About UnitedHealth Group
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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