UnitedHealth Group Inc (UNH) Position Lifted by Bell Asset Management Ltd

Bell Asset Management Ltd boosted its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 25.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 71,798 shares of the healthcare conglomerate’s stock after buying an additional 14,547 shares during the period. UnitedHealth Group makes up approximately 3.1% of Bell Asset Management Ltd’s investment portfolio, making the stock its 3rd largest position. Bell Asset Management Ltd’s holdings in UnitedHealth Group were worth $17,753,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Advisor Partners LLC increased its position in UnitedHealth Group by 6.5% in the 4th quarter. Advisor Partners LLC now owns 31,893 shares of the healthcare conglomerate’s stock worth $7,945,000 after purchasing an additional 1,949 shares during the last quarter. Legacy Bridge LLC acquired a new position in UnitedHealth Group in the 4th quarter worth about $824,000. LS Investment Advisors LLC increased its position in UnitedHealth Group by 38.9% in the 4th quarter. LS Investment Advisors LLC now owns 34,921 shares of the healthcare conglomerate’s stock worth $8,700,000 after purchasing an additional 9,784 shares during the last quarter. BLB&B Advisors LLC increased its position in UnitedHealth Group by 5.8% in the 4th quarter. BLB&B Advisors LLC now owns 1,198 shares of the healthcare conglomerate’s stock worth $298,000 after purchasing an additional 66 shares during the last quarter. Finally, First City Capital Management Inc. acquired a new position in UnitedHealth Group in the 4th quarter worth about $580,000. 87.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO David S. Wichmann acquired 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average price of $231.79 per share, with a total value of $4,635,800.00. Following the acquisition, the chief executive officer now owns 904,367 shares in the company, valued at approximately $209,623,226.93. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $239.02, for a total value of $1,195,100.00. Following the transaction, the director now directly owns 77,993 shares in the company, valued at approximately $18,641,886.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,930 shares of company stock worth $6,746,683. 0.87% of the stock is currently owned by insiders.

Several brokerages have weighed in on UNH. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Citigroup raised UnitedHealth Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $247.00 to $280.00 in a research report on Friday, May 10th. UBS Group began coverage on UnitedHealth Group in a research report on Tuesday, April 23rd. They issued a “neutral” rating and a $238.00 target price on the stock. ValuEngine lowered UnitedHealth Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, Barclays dropped their target price on UnitedHealth Group from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $290.47.

Shares of NYSE UNH opened at $236.79 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The stock has a market cap of $227.65 billion, a PE ratio of 18.38, a P/E/G ratio of 1.28 and a beta of 0.74. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 EPS for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.13. The business had revenue of $60.30 billion for the quarter, compared to analyst estimates of $59.72 billion. UnitedHealth Group had a return on equity of 25.07% and a net margin of 5.45%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.04 EPS. Research analysts expect that UnitedHealth Group Inc will post 14.7 earnings per share for the current year.

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

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