Van Strum & Towne Inc. Has $246,000 Position in UnitedHealth Group Incorporated (UNH)

Van Strum & Towne Inc. maintained its position in UnitedHealth Group Incorporated (NYSE:UNH) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,325 shares of the healthcare conglomerate’s stock at the close of the 2nd quarter. Van Strum & Towne Inc.’s holdings in UnitedHealth Group were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC grew its stake in shares of UnitedHealth Group by 1,722.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares during the last quarter. Kings Point Capital Management grew its stake in shares of UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares during the last quarter. Founders Capital Management bought a new stake in shares of UnitedHealth Group during the first quarter worth $135,000. Parkside Financial Bank & Trust grew its stake in shares of UnitedHealth Group by 1.4% during the first quarter. Parkside Financial Bank & Trust now owns 854 shares of the healthcare conglomerate’s stock worth $140,000 after buying an additional 12 shares during the last quarter. Finally, Hanson McClain Inc. grew its stake in shares of UnitedHealth Group by 1.7% during the first quarter. Hanson McClain Inc. now owns 895 shares of the healthcare conglomerate’s stock worth $147,000 after buying an additional 15 shares during the last quarter. 86.19% of the stock is currently owned by hedge funds and other institutional investors.

UnitedHealth Group Incorporated (NYSE:UNH) opened at 192.92 on Friday. The firm has a market cap of $186.53 billion, a price-to-earnings ratio of 23.18 and a beta of 0.63. The stock’s 50 day moving average is $196.56 and its 200 day moving average is $184.37. UnitedHealth Group Incorporated has a one year low of $133.03 and a one year high of $200.76.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The firm had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. During the same period last year, the company posted $1.96 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.56%. UnitedHealth Group’s dividend payout ratio is 35.13%.

UNH has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of UnitedHealth Group from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $185.00 target price on shares of UnitedHealth Group in a research note on Wednesday, June 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $205.00 target price on shares of UnitedHealth Group in a research note on Friday, July 7th. BidaskClub upgraded shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $190.00 price target on shares of UnitedHealth Group in a report on Monday, July 10th. Three analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $203.59.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the sale, the director now directly owns 76,058 shares of the company’s stock, valued at approximately $14,753,730.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Larry C. Renfro sold 50,574 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the completion of the sale, the insider now directly owns 195,625 shares of the company’s stock, valued at $38,755,268.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,174 shares of company stock valued at $14,981,909. Corporate insiders own 0.89% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Van Strum & Towne Inc. Has $246,000 Position in UnitedHealth Group Incorporated (UNH)” was originally published by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.themarketsdaily.com/2017/10/13/van-strum-towne-inc-has-246000-position-in-unitedhealth-group-incorporated-unh.html.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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 Incorporated (NYSE:UNH).

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

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

Latest News

Leave a Reply