Fortem Financial Group LLC Takes $211,000 Position in UnitedHealth Group Inc (NYSE:UNH)
Fortem Financial Group LLC bought a new stake in UnitedHealth Group Inc (NYSE:UNH) during the third quarter, HoldingsChannel.com reports. The fund bought 676 shares of the healthcare conglomerate’s stock, valued at approximately $211,000.
Several other hedge funds have also modified their holdings of UNH. State Street Corp increased its stake in UnitedHealth Group by 0.5% during the 1st quarter. State Street Corp now owns 46,003,796 shares of the healthcare conglomerate’s stock worth $11,472,427,000 after buying an additional 212,240 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in UnitedHealth Group by 22.6% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 484,187 shares of the healthcare conglomerate’s stock worth $120,747,000 after buying an additional 89,211 shares during the period. Silvercrest Asset Management Group LLC increased its stake in UnitedHealth Group by 7.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,135 shares of the healthcare conglomerate’s stock worth $2,527,000 after buying an additional 734 shares during the period. Driehaus Capital Management LLC purchased a new stake in UnitedHealth Group during the 1st quarter worth $209,000. Finally, Balyasny Asset Management LLC purchased a new stake in UnitedHealth Group during the 1st quarter worth $3,636,000. 86.39% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Richard T. Burke sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $320.59, for a total transaction of $4,808,850.00. Following the transaction, the director now directly owns 159,215 shares of the company’s stock, valued at $51,042,736.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Burke sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $303.50, for a total transaction of $3,035,000.00. Following the transaction, the director now directly owns 159,215 shares in the company, valued at $48,321,752.50. The disclosure for this sale can be found here. Insiders have sold 47,336 shares of company stock worth $14,928,276 in the last 90 days. 0.80% of the stock is owned by company insiders.
NYSE UNH opened at $329.90 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $311.35 and its 200 day simple moving average is $297.69. UnitedHealth Group Inc has a 12 month low of $187.72 and a 12 month high of $333.70. The company has a market capitalization of $313.52 billion, a P/E ratio of 18.55, a PEG ratio of 1.44 and a beta of 0.68.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.53. UnitedHealth Group had a net margin of 6.90% and a return on equity of 29.28%. The business had revenue of $65.12 billion for the quarter, compared to the consensus estimate of $63.97 billion. During the same period in the previous year, the firm earned $3.88 EPS. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts anticipate that UnitedHealth Group Inc will post 16.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Monday, September 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.52%. UnitedHealth Group’s dividend payout ratio is currently 33.09%.
UnitedHealth Group 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 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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