White Lighthouse Investment Management Inc. Sells 55 Shares of UnitedHealth Group Inc (NYSE:UNH)

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White Lighthouse Investment Management Inc. cut its holdings in UnitedHealth Group Inc (NYSE:UNH) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 774 shares of the healthcare conglomerate’s stock after selling 55 shares during the period. White Lighthouse Investment Management Inc.’s holdings in UnitedHealth Group were worth $241,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Plancorp LLC grew its holdings in shares of UnitedHealth Group by 13.8% in the second quarter. Plancorp LLC now owns 9,530 shares of the healthcare conglomerate’s stock valued at $2,811,000 after acquiring an additional 1,158 shares in the last quarter. O Shares Investment Advisers LLC grew its holdings in shares of UnitedHealth Group by 13.0% in the second quarter. O Shares Investment Advisers LLC now owns 41,058 shares of the healthcare conglomerate’s stock valued at $12,110,000 after acquiring an additional 4,728 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of UnitedHealth Group by 20.8% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 51,371 shares of the healthcare conglomerate’s stock valued at $15,152,000 after acquiring an additional 8,855 shares in the last quarter. LGT Capital Partners LTD. lifted its stake in UnitedHealth Group by 27.6% in the third quarter. LGT Capital Partners LTD. now owns 375,406 shares of the healthcare conglomerate’s stock valued at $117,040,000 after purchasing an additional 81,103 shares during the last quarter. Finally, Cim Investment Mangement Inc. lifted its stake in UnitedHealth Group by 3.8% in the first quarter. Cim Investment Mangement Inc. now owns 4,401 shares of the healthcare conglomerate’s stock valued at $1,098,000 after purchasing an additional 163 shares during the last quarter. 86.39% of the stock is owned by institutional investors.

UNH has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on UnitedHealth Group from $310.00 to $335.00 and gave the company a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $293.00 to $312.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Royal Bank of Canada upped their price objective on UnitedHealth Group from $384.00 to $389.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America upped their price objective on UnitedHealth Group from $351.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, SVB Leerink upped their price objective on UnitedHealth Group from $370.00 to $373.00 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $346.68.

Shares of UNH stock opened at $329.90 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.84 and a current ratio of 0.84. UnitedHealth Group Inc has a 52-week low of $187.72 and a 52-week high of $333.70. The company has a market capitalization of $313.52 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. The business’s fifty day moving average is $311.35 and its 200 day moving average is $297.69.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.53. UnitedHealth Group had a return on equity of 29.28% and a net margin of 6.90%. The company had revenue of $65.12 billion for the quarter, compared to the consensus estimate of $63.97 billion. During the same quarter last year, the business posted $3.88 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that UnitedHealth Group Inc will post 16.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Monday, September 14th were given a $1.25 dividend. The ex-dividend date was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.52%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.09%.

In related news, Director Richard T. Burke sold 10,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $303.50, for a total value of $3,035,000.00. Following the transaction, the director now owns 159,215 shares of the company’s stock, valued at $48,321,752.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $320.59, for a total value of $4,808,850.00. Following the completion of the transaction, the director now directly owns 159,215 shares in the company, valued at approximately $51,042,736.85. The disclosure for this sale can be found here. Insiders sold 47,336 shares of company stock worth $14,928,276 in the last quarter. 0.80% of the stock is currently owned by company insiders.

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.

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

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