Investec Asset Management LTD Cuts Holdings in UnitedHealth Group Inc (NYSE:UNH)

Investec Asset Management LTD decreased its position in UnitedHealth Group Inc (NYSE:UNH) by 0.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,957,809 shares of the healthcare conglomerate’s stock after selling 2,542 shares during the period. UnitedHealth Group comprises about 2.1% of Investec Asset Management LTD’s investment portfolio, making the stock its 7th biggest holding. Investec Asset Management LTD owned 0.20% of UnitedHealth Group worth $487,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Montag A & Associates Inc. lifted its stake in shares of UnitedHealth Group by 19.2% during the 3rd quarter. Montag A & Associates Inc. now owns 25,692 shares of the healthcare conglomerate’s stock worth $6,835,000 after purchasing an additional 4,143 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of UnitedHealth Group by 32.3% during the 3rd quarter. MML Investors Services LLC now owns 62,008 shares of the healthcare conglomerate’s stock worth $16,497,000 after purchasing an additional 15,127 shares during the last quarter. Twin Capital Management Inc. lifted its stake in shares of UnitedHealth Group by 4.9% during the 3rd quarter. Twin Capital Management Inc. now owns 113,411 shares of the healthcare conglomerate’s stock worth $30,172,000 after purchasing an additional 5,341 shares during the last quarter. First Mercantile Trust Co. lifted its stake in shares of UnitedHealth Group by 5.9% during the 3rd quarter. First Mercantile Trust Co. now owns 11,972 shares of the healthcare conglomerate’s stock worth $3,185,000 after purchasing an additional 663 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of UnitedHealth Group by 29.8% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,695 shares of the healthcare conglomerate’s stock worth $4,974,000 after purchasing an additional 4,294 shares during the last quarter. 86.68% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on UNH shares. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Oppenheimer upped their price objective on UnitedHealth Group from $300.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 16th. Cleveland Research restated a “buy” rating on shares of UnitedHealth Group in a research note on Friday, January 11th. Argus upped their price objective on UnitedHealth Group from $285.00 to $295.00 and gave the stock a “buy” rating in a research note on Monday, December 17th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $310.00 target price on shares of UnitedHealth Group in a research report on Friday, February 8th. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $297.80.

Shares of UNH stock traded up $6.98 during mid-day trading on Monday, reaching $230.20. The stock had a trading volume of 9,842,228 shares, compared to its average volume of 4,428,128. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $225.89 billion, a PE ratio of 17.87, a P/E/G ratio of 1.20 and a beta of 0.79. UnitedHealth Group Inc has a 1-year low of $220.77 and a 1-year high of $287.94.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 15th. The healthcare conglomerate reported $3.28 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.08. The business had revenue of $58.42 billion for the quarter, compared to analyst estimates of $58.01 billion. UnitedHealth Group had a return on equity of 24.38% and a net margin of 5.30%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.59 earnings per share. Sell-side analysts forecast that UnitedHealth Group Inc will post 14.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 11th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 1.56%. UnitedHealth Group’s payout ratio is 27.95%.

In other news, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $257.32, for a total value of $1,286,600.00. Following the sale, the director now owns 182,454 shares in the company, valued at $46,949,063.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $260.55, for a total value of $3,908,250.00. Following the completion of the sale, the director now owns 193,872 shares in the company, valued at approximately $50,513,349.60. The disclosure for this sale can be found here. Insiders sold 32,930 shares of company stock worth $8,495,383 in the last 90 days. Company insiders own 0.87% of the company’s stock.

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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.

Read More: Liquidity

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

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