UnitedHealth Group Incorporated (NYSE:UNH) Stock Holdings Lifted by South State CORP.

South State CORP. raised its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,425 shares of the healthcare conglomerate’s stock after buying an additional 417 shares during the period. South State CORP.’s holdings in UnitedHealth Group were worth $2,018,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quest Capital Management Inc. ADV increased its stake in UnitedHealth Group by 0.7% in the 1st quarter. Quest Capital Management Inc. ADV now owns 3,234 shares of the healthcare conglomerate’s stock valued at $1,203,000 after buying an additional 24 shares during the last quarter. Pointe Capital Management LLC increased its stake in shares of UnitedHealth Group by 1.4% during the 1st quarter. Pointe Capital Management LLC now owns 1,804 shares of the healthcare conglomerate’s stock worth $671,000 after purchasing an additional 25 shares during the last quarter. Relyea Zuckerberg Hanson LLC increased its stake in shares of UnitedHealth Group by 4.4% during the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 619 shares of the healthcare conglomerate’s stock worth $244,000 after purchasing an additional 26 shares during the last quarter. Jacobi Capital Management LLC increased its stake in shares of UnitedHealth Group by 2.3% during the 1st quarter. Jacobi Capital Management LLC now owns 1,163 shares of the healthcare conglomerate’s stock worth $433,000 after purchasing an additional 26 shares during the last quarter. Finally, McLean Asset Management Corp increased its stake in shares of UnitedHealth Group by 1.3% during the 1st quarter. McLean Asset Management Corp now owns 2,054 shares of the healthcare conglomerate’s stock worth $810,000 after purchasing an additional 27 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors.

UNH stock opened at $400.43 on Friday. The stock’s 50 day moving average is $399.21. The firm has a market cap of $377.89 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.77. UnitedHealth Group Incorporated has a 1 year low of $273.71 and a 1 year high of $425.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Wednesday, April 14th. The healthcare conglomerate reported $5.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.38 by $0.93. UnitedHealth Group had a net margin of 6.42% and a return on equity of 26.04%. The firm had revenue of $70.20 billion during the quarter, compared to analysts’ expectations of $69.13 billion. During the same period in the prior year, the company posted $3.72 EPS. The company’s revenue was up 9.0% on a year-over-year basis. On average, analysts predict that UnitedHealth Group Incorporated will post 18.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Shareholders of record on Monday, June 21st will be given a $1.45 dividend. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.25. This represents a $5.80 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 18th. UnitedHealth Group’s dividend payout ratio is 29.62%.

In other UnitedHealth Group news, Director Richard T. Burke sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $353.32, for a total value of $1,413,280.00. Following the completion of the transaction, the director now directly owns 153,953 shares in the company, valued at approximately $54,394,673.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Patricia L. Lewis sold 3,000 shares of the company’s stock in a transaction on Friday, April 16th. The shares were sold at an average price of $389.99, for a total transaction of $1,169,970.00. Following the completion of the sale, the executive vice president now directly owns 9,214 shares in the company, valued at $3,593,367.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,801 shares of company stock valued at $5,653,468. Corporate insiders own 0.80% of the company’s stock.

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of UnitedHealth Group from $450.00 to $522.00 and gave the stock a “buy” rating in a research note on Tuesday, June 1st. Oppenheimer lifted their target price on shares of UnitedHealth Group from $375.00 to $440.00 and gave the stock an “outperform” rating in a report on Friday, April 16th. Credit Suisse Group lifted their target price on shares of UnitedHealth Group from $415.00 to $430.00 and gave the stock an “outperform” rating in a report on Friday, April 16th. Stephens lifted their target price on shares of UnitedHealth Group from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, April 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of UnitedHealth Group from $409.00 to $418.00 and gave the stock a “buy” rating in a report on Friday, April 16th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $425.14.

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; Medicaid plans, children's health insurance program, and health care programs; medical and dental benefits; and hospital and clinical services.

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

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