FUKOKU MUTUAL LIFE INSURANCE Co Sells 931 Shares of UnitedHealth Group Incorporated $UNH

FUKOKU MUTUAL LIFE INSURANCE Co lessened its holdings in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 21.8% in the second quarter, Holdings Channel.com reports. The fund owned 3,334 shares of the healthcare conglomerate’s stock after selling 931 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in UnitedHealth Group were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in UNH. Miller Financial Services LLC bought a new position in UnitedHealth Group during the second quarter worth about $367,000. Weaver Consulting Group raised its position in shares of UnitedHealth Group by 82.9% in the 2nd quarter. Weaver Consulting Group now owns 929 shares of the healthcare conglomerate’s stock valued at $290,000 after acquiring an additional 421 shares during the period. NFP Retirement Inc. grew its holdings in UnitedHealth Group by 33.3% during the second quarter. NFP Retirement Inc. now owns 1,602 shares of the healthcare conglomerate’s stock valued at $500,000 after purchasing an additional 400 shares during the period. GDS Wealth Management raised its holdings in UnitedHealth Group by 95.7% in the second quarter. GDS Wealth Management now owns 49,549 shares of the healthcare conglomerate’s stock worth $15,458,000 after purchasing an additional 24,224 shares during the period. Finally, Rovida Advisors Inc. acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $4,677,000. 87.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNH has been the subject of a number of research analyst reports. Royal Bank Of Canada boosted their target price on UnitedHealth Group from $286.00 to $408.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Sanford C. Bernstein increased their target price on UnitedHealth Group from $433.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. UBS Group lifted their price target on shares of UnitedHealth Group from $378.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and set a $440.00 price objective on shares of UnitedHealth Group in a report on Tuesday, August 26th. Finally, The Goldman Sachs Group began coverage on shares of UnitedHealth Group in a research note on Tuesday, October 14th. They issued a “buy” rating and a $406.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $397.12.

UnitedHealth Group Stock Performance

Shares of UNH stock opened at $309.19 on Thursday. The company has a market capitalization of $280.08 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.28 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.82. UnitedHealth Group Incorporated has a 52 week low of $234.60 and a 52 week high of $622.83. The company has a 50-day simple moving average of $346.20 and a 200 day simple moving average of $317.57.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 28th. The healthcare conglomerate reported $2.92 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.05. UnitedHealth Group had a return on equity of 19.23% and a net margin of 4.04%.The firm had revenue of $113.16 billion for the quarter, compared to analyst estimates of $113.19 billion. During the same period in the prior year, the firm posted $7.15 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 8th will be given a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, December 8th. UnitedHealth Group’s payout ratio is currently 46.14%.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.