Highstreet Asset Management Inc. Has $5.52 Million Holdings in UnitedHealth Group Inc (UNH)

Highstreet Asset Management Inc. raised its position in UnitedHealth Group Inc (NYSE:UNH) by 33.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,031 shares of the healthcare conglomerate’s stock after purchasing an additional 6,329 shares during the period. Highstreet Asset Management Inc.’s holdings in UnitedHealth Group were worth $5,518,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Exane Derivatives raised its position in shares of UnitedHealth Group by 15,333.3% during the 4th quarter. Exane Derivatives now owns 463 shares of the healthcare conglomerate’s stock valued at $102,000 after buying an additional 460 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $114,000. Acrospire Investment Management LLC raised its position in shares of UnitedHealth Group by 130.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock valued at $131,000 after buying an additional 400 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of UnitedHealth Group by 6.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 729 shares of the healthcare conglomerate’s stock valued at $136,000 after buying an additional 45 shares in the last quarter. Finally, Regal Wealth Group Inc. raised its position in shares of UnitedHealth Group by 0.4% during the 2nd quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock valued at $138,000 after buying an additional 3 shares in the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.

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Several analysts have recently weighed in on UNH shares. Cantor Fitzgerald restated a “buy” rating and set a $225.00 price objective on shares of UnitedHealth Group in a research report on Monday, November 27th. Wells Fargo & Co restated an “outperform” rating and set a $245.00 price objective (up previously from $230.00) on shares of UnitedHealth Group in a research report on Wednesday, November 29th. Oppenheimer raised their price objective on shares of UnitedHealth Group from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. Credit Suisse Group restated a “positive” rating and set a $240.00 price objective (up previously from $233.00) on shares of UnitedHealth Group in a research report on Wednesday, November 29th. Finally, Royal Bank of Canada raised their price objective on shares of UnitedHealth Group to $244.00 and gave the company an “outperform” rating in a research report on Wednesday, November 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $245.14.

Shares of UnitedHealth Group Inc (NYSE UNH) opened at $225.43 on Monday. The stock has a market cap of $218,140.00, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.31 and a beta of 0.74. UnitedHealth Group Inc has a twelve month low of $162.74 and a twelve month high of $250.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.73 and a quick ratio of 0.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. The business had revenue of $52.06 billion for the quarter, compared to analyst estimates of $51.57 billion. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The company’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.11 EPS. equities analysts expect that UnitedHealth Group Inc will post 12.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, March 8th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 31.58%.

In other news, Director Richard T. Burke sold 10,400 shares of UnitedHealth Group stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $229.87, for a total transaction of $2,390,648.00. Following the sale, the director now owns 1,781,657 shares of the company’s stock, valued at approximately $409,549,494.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth Irwin Shine sold 198 shares of UnitedHealth Group stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $242.55, for a total transaction of $48,024.90. Following the sale, the director now directly owns 1,790,567 shares in the company, valued at approximately $434,302,025.85. The disclosure for this sale can be found here. In the last three months, insiders sold 53,196 shares of company stock worth $12,291,179. Insiders own 0.89% of the company’s stock.

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UnitedHealth Group 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.

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

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