Public Employees Retirement Association of Colorado Sells 7,081 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Public Employees Retirement Association of Colorado reduced its holdings in UnitedHealth Group Incorporated (NYSE:UNH) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 647,138 shares of the healthcare conglomerate’s stock after selling 7,081 shares during the quarter. UnitedHealth Group comprises 1.1% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 12th largest position. Public Employees Retirement Association of Colorado owned approximately 0.07% of UnitedHealth Group worth $259,140,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UNH. SignalPoint Asset Management LLC boosted its stake in shares of UnitedHealth Group by 3.1% in the second quarter. SignalPoint Asset Management LLC now owns 786 shares of the healthcare conglomerate’s stock worth $315,000 after acquiring an additional 24 shares during the period. Davis Rea LTD. boosted its stake in UnitedHealth Group by 0.4% during the second quarter. Davis Rea LTD. now owns 6,782 shares of the healthcare conglomerate’s stock valued at $2,716,000 after buying an additional 25 shares during the last quarter. Tandem Capital Management Corp ADV boosted its stake in UnitedHealth Group by 0.9% during the second quarter. Tandem Capital Management Corp ADV now owns 2,693 shares of the healthcare conglomerate’s stock valued at $1,078,000 after buying an additional 25 shares during the last quarter. Foster Group Inc. boosted its stake in UnitedHealth Group by 1.0% during the second quarter. Foster Group Inc. now owns 2,466 shares of the healthcare conglomerate’s stock valued at $987,000 after buying an additional 25 shares during the last quarter. Finally, Waters Parkerson & CO. LLC raised its position in UnitedHealth Group by 3.2% during the second quarter. Waters Parkerson & CO. LLC now owns 807 shares of the healthcare conglomerate’s stock valued at $323,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 86.21% of the company’s stock.

Shares of UnitedHealth Group stock traded up $17.62 during trading on Thursday, reaching $421.17. The company’s stock had a trading volume of 246,239 shares, compared to its average volume of 2,968,564. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.62. The company has a market cap of $397.13 billion, a price-to-earnings ratio of 28.17, a P/E/G ratio of 1.62 and a beta of 0.77. UnitedHealth Group Incorporated has a 1-year low of $299.60 and a 1-year high of $431.36. The company has a 50-day simple moving average of $411.69 and a two-hundred day simple moving average of $405.33.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.41 by $0.11. The firm had revenue of $72.34 billion during the quarter, compared to analysts’ expectations of $71.24 billion. UnitedHealth Group had a return on equity of 22.15% and a net margin of 5.33%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $3.51 EPS. As a group, analysts anticipate that UnitedHealth Group Incorporated will post 18.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 21st. Investors of record on Monday, September 13th were paid a $1.45 dividend. The ex-dividend date of this dividend was Friday, September 10th. This represents a $5.80 dividend on an annualized basis and a yield of 1.38%. UnitedHealth Group’s dividend payout ratio (DPR) is 34.36%.

In other UnitedHealth Group news, CFO John F. Rex sold 15,438 shares of UnitedHealth Group stock in a transaction dated Thursday, July 29th. The stock was sold at an average price of $412.04, for a total transaction of $6,361,073.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction dated Friday, September 17th. The shares were sold at an average price of $419.00, for a total value of $1,047,500.00. The disclosure for this sale can be found here. Insiders sold a total of 101,438 shares of company stock valued at $42,396,929 in the last 90 days. 0.55% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on UNH. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $418.00 to $421.00 and gave the company a “buy” rating in a research report on Tuesday, July 13th. Citigroup increased their price target on UnitedHealth Group from $450.00 to $480.00 and gave the stock a “buy” rating in a report on Friday, July 16th. Stephens increased their price target on UnitedHealth Group from $440.00 to $460.00 and gave the stock an “overweight” rating in a report on Friday, July 16th. Barclays increased their price target on UnitedHealth Group from $435.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, July 16th. Finally, Raymond James increased their price objective on UnitedHealth Group from $435.00 to $515.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 16th. Three equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, UnitedHealth Group presently has an average rating of “Buy” and a consensus price target of $447.79.

UnitedHealth Group Profile

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

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

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