West Branch Capital LLC Purchases 516 Shares of UnitedHealth Group Inc (NYSE:UNH)

West Branch Capital LLC grew its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 7.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 7,058 shares of the healthcare conglomerate’s stock after buying an additional 516 shares during the quarter. UnitedHealth Group comprises about 1.4% of West Branch Capital LLC’s investment portfolio, making the stock its 18th largest position. West Branch Capital LLC’s holdings in UnitedHealth Group were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of UnitedHealth Group by 9.1% during the fourth quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock worth $2,882,988,000 after acquiring an additional 965,763 shares during the last quarter. Founders Financial Securities LLC raised its position in shares of UnitedHealth Group by 17.1% during the fourth quarter. Founders Financial Securities LLC now owns 1,446 shares of the healthcare conglomerate’s stock worth $360,000 after acquiring an additional 211 shares during the last quarter. Partner Investment Management L.P. raised its position in shares of UnitedHealth Group by 5.3% during the fourth quarter. Partner Investment Management L.P. now owns 4,654 shares of the healthcare conglomerate’s stock worth $1,159,000 after acquiring an additional 234 shares during the last quarter. Partner Fund Management L.P. raised its position in shares of UnitedHealth Group by 6.7% during the fourth quarter. Partner Fund Management L.P. now owns 240,885 shares of the healthcare conglomerate’s stock worth $60,009,000 after acquiring an additional 15,092 shares during the last quarter. Finally, First Foundation Advisors raised its position in shares of UnitedHealth Group by 12.2% during the fourth quarter. First Foundation Advisors now owns 11,663 shares of the healthcare conglomerate’s stock worth $2,905,000 after acquiring an additional 1,268 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Shares of UnitedHealth Group stock traded up $0.55 during trading on Wednesday, reaching $240.71. 120,380 shares of the company were exchanged, compared to its average volume of 3,223,414. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.62. UnitedHealth Group Inc has a twelve month low of $208.07 and a twelve month high of $287.94. The business has a 50-day moving average price of $251.34 and a 200-day moving average price of $247.54. The firm has a market capitalization of $232.84 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 1.31 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.46 by $0.14. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The business had revenue of $60.60 billion during the quarter, compared to analysts’ expectations of $60.59 billion. During the same period in the previous year, the firm earned $3.14 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that UnitedHealth Group Inc will post 14.84 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.79%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.54%.

In related news, Director Richard T. Burke sold 5,000 shares of UnitedHealth Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $246.40, for a total transaction of $1,232,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $46,318,025.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William C. Ballard, Jr. sold 12,000 shares of UnitedHealth Group stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total value of $3,063,720.00. Following the sale, the director now directly owns 61,309 shares of the company’s stock, valued at $15,652,800.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,000 shares of company stock valued at $9,195,620. 0.82% of the stock is owned by insiders.

A number of equities research analysts have recently weighed in on UNH shares. Raymond James boosted their target price on UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Citigroup upgraded UnitedHealth Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $247.00 to $280.00 in a research report on Friday, May 10th. Cleveland Research restated a “buy” rating on shares of UnitedHealth Group in a research report on Monday, July 15th. Cantor Fitzgerald set a $310.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research upgraded UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 target price for the company in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $295.06.

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.

Featured Article: Purposes and Functions of the Federal Reserve

Want to see what other hedge funds are holding UNH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UnitedHealth Group Inc (NYSE:UNH).

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

Receive News & Ratings for UnitedHealth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group and related companies with MarketBeat.com's FREE daily email newsletter.