UnitedHealth Group Inc (UNH) Stake Raised by Armbruster Capital Management Inc.

Armbruster Capital Management Inc. lifted its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 11.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,448 shares of the healthcare conglomerate’s stock after purchasing an additional 148 shares during the period. Armbruster Capital Management Inc.’s holdings in UnitedHealth Group were worth $358,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in UnitedHealth Group by 3.1% in the fourth quarter. BlackRock Inc. now owns 69,831,381 shares of the healthcare conglomerate’s stock valued at $17,396,391,000 after acquiring an additional 2,123,417 shares during the last quarter. Vanguard Group Inc lifted its position in UnitedHealth Group by 1.6% in the third quarter. Vanguard Group Inc now owns 69,342,549 shares of the healthcare conglomerate’s stock valued at $18,447,892,000 after acquiring an additional 1,073,505 shares during the last quarter. FMR LLC lifted its position in UnitedHealth Group by 1.9% in the fourth quarter. FMR LLC now owns 64,480,003 shares of the healthcare conglomerate’s stock valued at $16,063,258,000 after acquiring an additional 1,232,189 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in UnitedHealth Group by 50,446.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 53,349,795 shares of the healthcare conglomerate’s stock valued at $214,000 after acquiring an additional 53,244,249 shares during the last quarter. Finally, Northern Trust Corp lifted its position in UnitedHealth Group by 2.5% in the fourth quarter. Northern Trust Corp now owns 11,669,246 shares of the healthcare conglomerate’s stock valued at $2,907,043,000 after acquiring an additional 288,199 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

NYSE UNH opened at $247.63 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $235.33 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 1.34 and a beta of 0.74. UnitedHealth Group Inc has a one year low of $208.07 and a one year high of $287.94.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.13. The company had revenue of $60.30 billion for the quarter, compared to analyst estimates of $59.72 billion. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. UnitedHealth Group’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. Equities analysts anticipate that UnitedHealth Group Inc will post 14.71 earnings per share for the current year.

A number of equities research analysts recently weighed in on UNH shares. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Bank of America reissued a “buy” rating and issued a $290.00 price target (down from $320.00) on shares of UnitedHealth Group in a research report on Wednesday, April 17th. Raymond James reduced their price target on shares of UnitedHealth Group from $310.00 to $265.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 17th. ValuEngine cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, Citigroup raised shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $247.00 to $280.00 in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $290.84.

In other UnitedHealth Group news, Director Richard T. Burke sold 5,000 shares of UnitedHealth Group stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $257.32, for a total value of $1,286,600.00. Following the transaction, the director now directly owns 182,454 shares in the company, valued at $46,949,063.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gail R. Wilensky sold 2,930 shares of UnitedHealth Group stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $253.39, for a total transaction of $742,432.70. Following the completion of the transaction, the director now owns 64,726 shares in the company, valued at $16,400,921.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,930 shares of company stock worth $6,746,683. 0.87% of the stock is currently owned by company insiders.

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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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