UnitedHealth Group Inc (NYSE:UNH) Shares Bought by RNC Capital Management LLC

RNC Capital Management LLC increased its stake in UnitedHealth Group Inc (NYSE:UNH) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,420 shares of the healthcare conglomerate’s stock after purchasing an additional 710 shares during the period. RNC Capital Management LLC’s holdings in UnitedHealth Group were worth $3,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Droms Strauss Advisors Inc. MO ADV boosted its stake in UnitedHealth Group by 6.3% in the 2nd quarter. Droms Strauss Advisors Inc. MO ADV now owns 1,276 shares of the healthcare conglomerate’s stock worth $312,000 after purchasing an additional 76 shares in the last quarter. HCR Wealth Advisors increased its holdings in shares of UnitedHealth Group by 31.3% during the 2nd quarter. HCR Wealth Advisors now owns 7,696 shares of the healthcare conglomerate’s stock valued at $1,878,000 after purchasing an additional 1,835 shares in the last quarter. Ford Financial Group Inc. purchased a new position in shares of UnitedHealth Group during the 2nd quarter valued at approximately $295,000. Private Advisory Group LLC increased its holdings in shares of UnitedHealth Group by 14.7% during the 2nd quarter. Private Advisory Group LLC now owns 10,313 shares of the healthcare conglomerate’s stock valued at $2,516,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Hemenway Trust Co LLC increased its holdings in shares of UnitedHealth Group by 11.4% during the 2nd quarter. Hemenway Trust Co LLC now owns 6,307 shares of the healthcare conglomerate’s stock valued at $1,539,000 after purchasing an additional 643 shares in the last quarter. Institutional investors own 85.87% of the company’s stock.

NYSE:UNH traded down $2.08 on Monday, reaching $247.97. 197,105 shares of the company’s stock were exchanged, compared to its average volume of 3,780,643. The company has a quick ratio of 0.73, a current ratio of 0.67 and a debt-to-equity ratio of 0.62. The stock has a market cap of $237.63 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.61. The business has a fifty day simple moving average of $251.52. 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 results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.46 by $0.14. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The company had revenue of $60.60 billion for the quarter, compared to analyst estimates of $60.59 billion. During the same period in the prior year, the firm earned $3.14 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, research analysts anticipate that UnitedHealth Group Inc will post 14.82 EPS for the current year.

In related news, Director William C. Ballard, Jr. sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total transaction of $3,063,720.00. Following the sale, the director now directly owns 61,309 shares in the company, valued at $15,652,800.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $248.00, for a total transaction of $2,480,000.00. Following the sale, the director now owns 187,663 shares in the company, valued at $46,540,424. The disclosure for this sale can be found here. Insiders have sold 32,000 shares of company stock worth $7,963,620 over the last 90 days. Insiders own 0.82% of the company’s stock.

Several equities research analysts recently commented on the stock. Morgan Stanley boosted their price target on shares of UnitedHealth Group from $285.00 to $298.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. SunTrust Banks lowered their target price on shares of UnitedHealth Group to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. They noted that the move was a valuation call. Barclays lowered their target price on shares of UnitedHealth Group from $290.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Bank of America reissued a “buy” rating and set a $290.00 price target (down previously from $320.00) on shares of UnitedHealth Group in a research report on Wednesday, April 17th. Finally, Raymond James boosted their price target on shares of UnitedHealth Group from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $295.06.

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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