UnitedHealth Group Inc (UNH) Stake Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama grew its holdings in UnitedHealth Group Inc (NYSE:UNH) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 791,103 shares of the healthcare conglomerate’s stock after purchasing an additional 49,750 shares during the period. UnitedHealth Group makes up 1.0% of Retirement Systems of Alabama’s investment portfolio, making the stock its 15th largest position. Retirement Systems of Alabama’s holdings in UnitedHealth Group were worth $195,608,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Fagan Associates Inc. raised its holdings in shares of UnitedHealth Group by 2.7% in the 4th quarter. Fagan Associates Inc. now owns 1,433 shares of the healthcare conglomerate’s stock valued at $357,000 after buying an additional 38 shares during the period. Advisors Capital Management LLC raised its holdings in shares of UnitedHealth Group by 3.0% in the 4th quarter. Advisors Capital Management LLC now owns 1,480 shares of the healthcare conglomerate’s stock valued at $369,000 after buying an additional 43 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of UnitedHealth Group by 3.9% in the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,132 shares of the healthcare conglomerate’s stock valued at $280,000 after buying an additional 43 shares during the period. NewSquare Capital LLC raised its holdings in shares of UnitedHealth Group by 15.6% in the 4th quarter. NewSquare Capital LLC now owns 333 shares of the healthcare conglomerate’s stock valued at $83,000 after buying an additional 45 shares during the period. Finally, SWS Partners raised its holdings in shares of UnitedHealth Group by 1.9% in the 4th quarter. SWS Partners now owns 2,446 shares of the healthcare conglomerate’s stock valued at $609,000 after buying an additional 45 shares during the period. 87.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE UNH opened at $249.34 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94. The stock has a market cap of $229.39 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 0.74.

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

In related news, CEO David S. Wichmann purchased 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were bought at an average price of $231.79 per share, for a total transaction of $4,635,800.00. Following the acquisition, the chief executive officer now directly owns 904,367 shares in the company, valued at $209,623,226.93. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail R. Wilensky sold 2,930 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $253.39, for a total value of $742,432.70. Following the sale, the director now owns 64,726 shares in the company, valued at approximately $16,400,921.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,930 shares of company stock worth $6,746,683. 0.87% of the stock is owned by company insiders.

UNH has been the topic of several research analyst reports. Credit Suisse Group reiterated a “buy” rating and issued a $310.00 price objective on shares of UnitedHealth Group in a report on Friday, February 8th. Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Raymond James cut their price objective on UnitedHealth Group from $310.00 to $265.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 17th. Morgan Stanley cut their price objective on UnitedHealth Group from $315.00 to $285.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $290.84.

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

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