Coldstream Capital Management Inc. Increases Stake in UnitedHealth Group Inc (NYSE:UNH)
Coldstream Capital Management Inc. grew its position in UnitedHealth Group Inc (NYSE:UNH) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,373 shares of the healthcare conglomerate’s stock after acquiring an additional 329 shares during the quarter. Coldstream Capital Management Inc.’s holdings in UnitedHealth Group were worth $3,263,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. CSat Investment Advisory L.P. raised its position in UnitedHealth Group by 55,300.0% during the 2nd quarter. CSat Investment Advisory L.P. now owns 1,662 shares of the healthcare conglomerate’s stock worth $405,000 after buying an additional 1,659 shares during the last quarter. Rainier Group Investment Advisory LLC increased its holdings in shares of UnitedHealth Group by 8.6% during the 2nd quarter. Rainier Group Investment Advisory LLC now owns 1,750 shares of the healthcare conglomerate’s stock valued at $427,000 after purchasing an additional 139 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of UnitedHealth Group by 916.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 84,186 shares of the healthcare conglomerate’s stock valued at $20,542,000 after purchasing an additional 75,906 shares in the last quarter. Family Management Corp increased its holdings in shares of UnitedHealth Group by 2.9% during the 2nd quarter. Family Management Corp now owns 12,703 shares of the healthcare conglomerate’s stock valued at $3,100,000 after purchasing an additional 356 shares in the last quarter. Finally, Wunderlich Capital Managemnt purchased a new position in shares of UnitedHealth Group during the 2nd quarter valued at approximately $1,674,000. Hedge funds and other institutional investors own 85.66% of the company’s stock.
Several analysts recently issued reports on the stock. Oppenheimer set a $312.00 price objective on shares of UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded UnitedHealth Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Zacks Investment Research raised UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price objective for the company in a research report on Monday, July 22nd. Raymond James boosted their price objective on UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Credit Suisse Group set a $293.00 price target on UnitedHealth Group and gave the company a “buy” rating in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $291.61.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.46 by $0.14. The company had revenue of $60.60 billion for the quarter, compared to analyst estimates of $60.59 billion. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. UnitedHealth Group’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 earnings per share. As a group, analysts predict that UnitedHealth Group Inc will post 14.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Friday, September 13th. UnitedHealth Group’s payout ratio is 33.54%.
In other news, Director Richard T. Burke sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $232.76, for a total value of $581,900.00. Following the transaction, the director now directly owns 187,979 shares in the company, valued at approximately $43,753,992.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $246.40, for a total value of $1,232,000.00. Following the completion of the transaction, the director now owns 187,979 shares in the company, valued at $46,318,025.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,500 shares of company stock worth $5,340,620. 0.87% of the stock is owned by corporate insiders.
About UnitedHealth Group
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 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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