Janney Montgomery Scott LLC grew its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 3.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 193,154 shares of the healthcare conglomerate’s stock after acquiring an additional 6,897 shares during the period. Janney Montgomery Scott LLC’s holdings in UnitedHealth Group were worth $51,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Welch Group LLC acquired a new position in shares of UnitedHealth Group during the 2nd quarter worth $106,000. FNY Investment Advisers LLC acquired a new position in shares of UnitedHealth Group during the 3rd quarter worth $106,000. Blue Chip Partners Inc. acquired a new position in shares of UnitedHealth Group during the 2nd quarter worth $107,000. Fort L.P. acquired a new position in shares of UnitedHealth Group during the 2nd quarter worth $119,000. Finally, Polaris Greystone Financial Group LLC acquired a new position in shares of UnitedHealth Group during the 3rd quarter worth $120,000. Institutional investors own 85.47% of the company’s stock.

Shares of UNH stock opened at $264.94 on Friday. UnitedHealth Group Inc has a twelve month low of $208.48 and a twelve month high of $278.00. The stock has a market capitalization of $262.04 billion, a P/E ratio of 26.31, a PEG ratio of 1.57 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.69 and a quick ratio of 0.69.

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.11. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.63%. The firm had revenue of $56.56 billion during the quarter, compared to the consensus estimate of $56.34 billion. During the same quarter in the previous year, the company posted $2.66 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts expect that UnitedHealth Group Inc will post 12.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Monday, December 3rd will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, November 30th. UnitedHealth Group’s payout ratio is 35.75%.

Several research firms have recently issued reports on UNH. BMO Capital Markets lifted their price target on UnitedHealth Group to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, October 18th. Piper Jaffray Companies lifted their price target on UnitedHealth Group to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 17th. Raymond James lifted their price target on UnitedHealth Group from $304.00 to $310.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 17th. Royal Bank of Canada lifted their price target on UnitedHealth Group to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. Finally, Citigroup downgraded UnitedHealth Group from a “buy” rating to a “neutral” rating and set a $288.00 price target for the company. in a research note on Monday, September 10th. One investment analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $289.41.

In related news, CEO Steven H. Nelson sold 26,033 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $270.65, for a total value of $7,045,831.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Burke sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $263.41, for a total transaction of $5,268,200.00. Following the completion of the transaction, the director now directly owns 1,720,112 shares of the company’s stock, valued at approximately $453,094,701.92. The disclosure for this sale can be found here. Insiders sold a total of 69,731 shares of company stock valued at $18,584,675 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

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UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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