UnitedHealth Group Inc (NYSE:UNH) Stock Holdings Boosted by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 9.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,993 shares of the healthcare conglomerate’s stock after acquiring an additional 1,411 shares during the period. UnitedHealth Group makes up about 2.0% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Princeton Global Asset Management LLC’s holdings in UnitedHealth Group were worth $3,474,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Selective Wealth Management Inc. purchased a new position in UnitedHealth Group in the 3rd quarter valued at $27,000. North Star Investment Management Corp. acquired a new position in UnitedHealth Group in the 3rd quarter valued at $30,000. Delta Asset Management LLC TN increased its stake in UnitedHealth Group by 111.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 154 shares of the healthcare conglomerate’s stock valued at $33,000 after buying an additional 81 shares during the period. Fusion Family Wealth LLC raised its position in UnitedHealth Group by 329.7% during the 3rd quarter. Fusion Family Wealth LLC now owns 159 shares of the healthcare conglomerate’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC raised its position in UnitedHealth Group by 212.5% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 175 shares of the healthcare conglomerate’s stock worth $38,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.

In other news, CAO Thomas E. Roos sold 1,177 shares of UnitedHealth Group stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $255.04, for a total transaction of $300,182.08. Following the completion of the transaction, the chief accounting officer now owns 21,687 shares of the company’s stock, valued at approximately $5,531,052.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard T. Burke sold 2,500 shares of UnitedHealth Group stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.76, for a total value of $581,900.00. Following the transaction, the director now directly owns 187,979 shares of the company’s stock, valued at approximately $43,753,992.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,577 shares of company stock valued at $9,398,080. 0.82% of the stock is currently owned by insiders.

Several analysts have recently commented on UNH shares. UBS Group reduced their target price on shares of UnitedHealth Group from $281.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Barclays boosted their price target on shares of UnitedHealth Group from $260.00 to $305.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup cut their price target on shares of UnitedHealth Group from $299.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. SunTrust Banks reissued a “buy” rating and set a $335.00 price target (up from $310.00) on shares of UnitedHealth Group in a report on Monday, November 18th. Finally, Mizuho restated a “buy” rating and issued a $300.00 price objective (up previously from $270.00) on shares of UnitedHealth Group in a research report on Tuesday, November 26th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $289.39.

Shares of NYSE UNH traded down $2.76 during midday trading on Tuesday, hitting $276.90. The company had a trading volume of 3,243,073 shares, compared to its average volume of 4,478,585. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.67. UnitedHealth Group Inc has a twelve month low of $208.07 and a twelve month high of $287.94. The business has a 50-day simple moving average of $258.05 and a two-hundred day simple moving average of $245.34. The firm has a market capitalization of $265.15 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.48 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The company had revenue of $60.35 billion for the quarter, compared to analyst estimates of $59.84 billion. During the same period in the prior year, the business posted $3.41 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that UnitedHealth Group Inc will post 14.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 9th will be issued a dividend of $1.08 per share. The ex-dividend date is Friday, December 6th. This represents a $4.32 annualized dividend and a yield of 1.56%. UnitedHealth Group’s dividend payout ratio is presently 33.54%.

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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