Numeric Investors LLC trimmed its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 43.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 300,121 shares of the healthcare conglomerate’s stock after selling 232,500 shares during the period. Numeric Investors LLC’s holdings in UnitedHealth Group were worth $55,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UNH. Groesbeck Investment Management Corp NJ grew its stake in UnitedHealth Group by 4.0% in the 1st quarter. Groesbeck Investment Management Corp NJ now owns 34,342 shares of the healthcare conglomerate’s stock valued at $5,632,000 after acquiring an additional 1,314 shares during the last quarter. Founders Capital Management acquired a new stake in UnitedHealth Group in the 1st quarter valued at about $135,000. Independent Advisor Alliance grew its stake in UnitedHealth Group by 10.4% in the 1st quarter. Independent Advisor Alliance now owns 16,136 shares of the healthcare conglomerate’s stock valued at $2,668,000 after acquiring an additional 1,525 shares during the last quarter. 1st Global Advisors Inc. grew its stake in UnitedHealth Group by 32.1% in the 1st quarter. 1st Global Advisors Inc. now owns 23,163 shares of the healthcare conglomerate’s stock valued at $3,799,000 after acquiring an additional 5,624 shares during the last quarter. Finally, Beacon Trust Co. grew its stake in UnitedHealth Group by 5.6% in the 1st quarter. Beacon Trust Co. now owns 43,322 shares of the healthcare conglomerate’s stock valued at $7,164,000 after acquiring an additional 2,300 shares during the last quarter. 86.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Gail R. Wilensky sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $223.31, for a total value of $1,250,536.00. Following the transaction, the director now owns 61,137 shares in the company, valued at $13,652,503.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were 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 owns 195,625 shares in the company, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. Insiders sold 63,206 shares of company stock worth $12,683,669 in the last 90 days. 0.89% of the stock is currently owned by insiders.

UnitedHealth Group Incorporated (NYSE UNH) traded down $1.39 on Monday, hitting $226.78. 3,326,000 shares of the company traded hands, compared to its average volume of 3,107,989. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group Incorporated has a twelve month low of $156.09 and a twelve month high of $229.22. The firm has a market capitalization of $219,765.13, a PE ratio of 23.62, a PEG ratio of 1.68 and a beta of 0.66.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter last year, the firm posted $2.17 earnings per share. UnitedHealth Group’s revenue for the quarter was up 8.7% compared to the same quarter last year. research analysts expect that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a $0.75 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.32%. UnitedHealth Group’s payout ratio is 33.26%.

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein raised their price target on shares of UnitedHealth Group from $219.00 to $246.00 and gave the stock an “outperform” rating in a research note on Friday. Leerink Swann reaffirmed an “outperform” rating on shares of UnitedHealth Group in a research note on Friday. Jefferies Group reaffirmed a “buy” rating and set a $248.00 price target on shares of UnitedHealth Group in a research note on Friday. Piper Jaffray Companies raised their price target on shares of UnitedHealth Group to $242.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 29th. Finally, Royal Bank Of Canada raised their price target on shares of UnitedHealth Group to $244.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $224.56.

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UnitedHealth Group 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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