Berkeley Capital Partners LLC reduced its position in UnitedHealth Group Incorporated (NYSE:UNH) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,520 shares of the healthcare conglomerate’s stock after selling 141 shares during the quarter. Berkeley Capital Partners LLC’s holdings in UnitedHealth Group were worth $467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNH. Patriot Financial Group Insurance Agency LLC grew its position in UnitedHealth Group by 1,722.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after acquiring an additional 603 shares in the last quarter. Kings Point Capital Management grew its position in UnitedHealth Group by 27.9% in the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after acquiring an additional 150 shares in the last quarter. Founders Capital Management acquired a new position in UnitedHealth Group in the 1st quarter valued at about $135,000. Parkside Financial Bank & Trust grew its position in UnitedHealth Group by 1.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock valued at $140,000 after acquiring an additional 12 shares in the last quarter. Finally, Hanson McClain Inc. grew its position in UnitedHealth Group by 1.7% in the 1st quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock valued at $147,000 after acquiring an additional 15 shares in the last quarter. 86.19% of the stock is owned by institutional investors.

In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the transaction, the director now owns 76,058 shares of the company’s stock, valued at approximately $14,753,730.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Larry C. Renfro sold 50,574 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $198.11, for a total value of $10,019,215.14. Following 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 90 days, insiders have sold 76,174 shares of company stock valued at $14,981,909. 0.89% of the stock is owned by insiders.

Shares of UnitedHealth Group Incorporated (UNH) opened at 192.92 on Friday. The stock has a market cap of $186.53 billion, a PE ratio of 23.18 and a beta of 0.63. The firm has a 50-day moving average price of $196.56 and a 200-day moving average price of $184.37. UnitedHealth Group Incorporated has a 52 week low of $133.03 and a 52 week high of $200.76.

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 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 during the quarter, compared to analyst estimates of $49.97 billion. During the same quarter last year, the firm earned $1.96 EPS. UnitedHealth Group’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a yield of 1.56%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.13%.

UNH has been the subject of several research reports. UBS AG reaffirmed an “overweight” rating on shares of UnitedHealth Group in a research report on Thursday, August 24th. BidaskClub raised UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 8th. Morgan Stanley lifted their target price on UnitedHealth Group from $202.00 to $210.00 and gave the company an “overweight” rating in a research report on Wednesday, June 28th. Bank of America Corporation lifted their target price on UnitedHealth Group from $210.00 to $214.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $203.59.

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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.

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

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