Skandinaviska Enskilda Banken AB publ Trims Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

Skandinaviska Enskilda Banken AB publ cut its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 14.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 442,301 shares of the healthcare conglomerate’s stock after selling 74,071 shares during the quarter. UnitedHealth Group makes up about 1.1% of Skandinaviska Enskilda Banken AB publ’s portfolio, making the stock its 15th largest position. Skandinaviska Enskilda Banken AB publ’s holdings in UnitedHealth Group were worth $231,655,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in UnitedHealth Group by 0.8% during the first quarter. Financial Management Professionals Inc. now owns 2,224 shares of the healthcare conglomerate’s stock worth $1,165,000 after buying an additional 17 shares in the last quarter. Global Wealth Strategies & Associates raised its holdings in shares of UnitedHealth Group by 28.6% during the 1st quarter. Global Wealth Strategies & Associates now owns 90 shares of the healthcare conglomerate’s stock valued at $47,000 after buying an additional 20 shares in the last quarter. Kolinsky Wealth Management LLC raised its holdings in shares of UnitedHealth Group by 1.0% during the 4th quarter. Kolinsky Wealth Management LLC now owns 2,135 shares of the healthcare conglomerate’s stock valued at $1,080,000 after buying an additional 21 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of UnitedHealth Group by 5.1% during the 1st quarter. Retirement Planning Group LLC now owns 430 shares of the healthcare conglomerate’s stock valued at $225,000 after buying an additional 21 shares in the last quarter. Finally, Net Worth Advisory Group raised its holdings in shares of UnitedHealth Group by 0.6% during the 1st quarter. Net Worth Advisory Group now owns 3,642 shares of the healthcare conglomerate’s stock valued at $1,907,000 after buying an additional 21 shares in the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn bought 1,533 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $320.80 per share, with a total value of $491,786.40. Following the acquisition, the director owned 6,033 shares in the company, valued at $1,935,386.40. This trade represents a 34.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen J. Hemsley bought 86,700 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The stock was bought at an average cost of $288.57 per share, for a total transaction of $25,019,019.00. Following the completion of the acquisition, the chief executive officer owned 679,493 shares in the company, valued at $196,081,295.01. This trade represents a 14.63% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 109,408 shares of company stock worth $31,607,768 in the last quarter. Company insiders own 0.28% of the company’s stock.

UnitedHealth Group Stock Performance

Shares of UNH opened at $278.52 on Friday. The business’s fifty day simple moving average is $301.79 and its two-hundred day simple moving average is $427.21. The company has a market cap of $252.66 billion, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.45 and a beta of 0.45. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.71. UnitedHealth Group Incorporated has a 12 month low of $248.88 and a 12 month high of $630.73.

UnitedHealth Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Monday, June 16th were issued a dividend of $2.21 per share. This represents a $8.84 annualized dividend and a dividend yield of 3.17%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $2.10. The ex-dividend date of this dividend was Monday, June 16th. UnitedHealth Group’s dividend payout ratio is presently 37.02%.

Analysts Set New Price Targets

UNH has been the subject of a number of recent research reports. Wall Street Zen lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 24th. Wells Fargo & Company reissued an “overweight” rating on shares of UnitedHealth Group in a research note on Friday, June 6th. TD Securities reissued a “hold” rating and issued a $308.00 target price (down previously from $520.00) on shares of UnitedHealth Group in a research note on Monday, May 19th. UBS Group reaffirmed a “buy” rating on shares of UnitedHealth Group in a research report on Thursday, July 17th. Finally, Hsbc Global Res lowered UnitedHealth Group from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, UnitedHealth Group has an average rating of “Moderate Buy” and an average price target of $394.43.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.