Savant Capital LLC cut its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,926 shares of the healthcare conglomerate’s stock after selling 48 shares during the quarter. Savant Capital LLC’s holdings in UnitedHealth Group were worth $913,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Honeywell International Inc. acquired a new position in shares of UnitedHealth Group during the first quarter worth about $35,262,000. Schwab Charles Investment Management Inc. grew its position in shares of UnitedHealth Group by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,656,975 shares of the healthcare conglomerate’s stock worth $678,077,000 after buying an additional 183,401 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of UnitedHealth Group by 8.5% during the first quarter. Suntrust Banks Inc. now owns 260,811 shares of the healthcare conglomerate’s stock worth $42,774,000 after buying an additional 20,541 shares in the last quarter. Factory Mutual Insurance Co. grew its position in shares of UnitedHealth Group by 20.9% during the second quarter. Factory Mutual Insurance Co. now owns 416,600 shares of the healthcare conglomerate’s stock worth $77,245,000 after buying an additional 72,000 shares in the last quarter. Finally, Shell Asset Management Co. grew its position in shares of UnitedHealth Group by 0.8% during the second quarter. Shell Asset Management Co. now owns 157,241 shares of the healthcare conglomerate’s stock worth $29,156,000 after buying an additional 1,254 shares in the last quarter. 86.19% of the stock is owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on UNH. Jefferies Group LLC boosted their price objective on UnitedHealth Group from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Sanford C. Bernstein reissued an “outperform” rating and set a $210.00 price objective on shares of UnitedHealth Group in a research report on Tuesday, October 10th. ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of UnitedHealth Group in a research report on Tuesday, August 29th. Three research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $204.02.

In related news, insider Larry C. Renfro sold 50,574 shares of the firm’s 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 sale, the insider now owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $199.49, for a total value of $1,117,144.00. Following the completion of the sale, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. In the last three months, insiders sold 76,174 shares of company stock worth $14,981,909. Company insiders own 0.89% of the company’s stock.

UnitedHealth Group Incorporated (NYSE UNH) opened at 192.52 on Monday. UnitedHealth Group Incorporated has a 12-month low of $133.03 and a 12-month high of $200.76. The firm has a market cap of $186.14 billion, a price-to-earnings ratio of 23.13 and a beta of 0.63. The stock has a 50 day moving average price of $196.56 and a 200-day moving average price of $184.87.

UnitedHealth Group (NYSE:UNH) last announced its quarterly 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 business 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 revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities analysts forecast that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.

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

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

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