UnitedHealth Group Inc (UNH) Shares Reduced by Friess Associates LLC

UnitedHealth Group Inc (UNH) Shares Reduced by Friess Associates LLC

Friess Associates LLC cut its stake in UnitedHealth Group Inc (NYSE:UNH) by 32.5% during the fourth quarter, Holdings Channel reports. The firm owned 82,590 shares of the healthcare conglomerate’s stock after selling 39,781 shares during the period. Friess Associates LLC’s holdings in UnitedHealth Group were worth $13,218,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. raised its stake in UnitedHealth Group by 531.3% in the third quarter. Independent Portfolio Consultants Inc. now owns 1,010 shares of the healthcare conglomerate’s stock valued at $141,000 after buying an additional 850 shares during the period. Oregon Public Employees Retirement Fund raised its stake in UnitedHealth Group by 44.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 340,821 shares of the healthcare conglomerate’s stock valued at $47,715,000 after buying an additional 104,705 shares during the period. Naples Global Advisors LLC raised its stake in UnitedHealth Group by 7.0% in the third quarter. Naples Global Advisors LLC now owns 1,942 shares of the healthcare conglomerate’s stock valued at $272,000 after buying an additional 127 shares during the period. Fisher Asset Management LLC raised its stake in UnitedHealth Group by 26.7% in the third quarter. Fisher Asset Management LLC now owns 3,782 shares of the healthcare conglomerate’s stock valued at $529,000 after buying an additional 796 shares during the period. Finally, Carroll Financial Associates Inc. raised its stake in UnitedHealth Group by 6.2% in the third quarter. Carroll Financial Associates Inc. now owns 1,858 shares of the healthcare conglomerate’s stock valued at $260,000 after buying an additional 108 shares during the period. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Shares of UnitedHealth Group Inc (NYSE:UNH) opened at 165.00 on Friday. UnitedHealth Group Inc has a 12 month low of $125.26 and a 12 month high of $172.14. The company has a market capitalization of $156.94 billion, a PE ratio of 22.76 and a beta of 0.68. The firm has a 50-day moving average price of $165.26 and a 200-day moving average price of $153.64.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 17th. The healthcare conglomerate reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.04. UnitedHealth Group had a return on equity of 21.20% and a net margin of 3.92%. The company earned $47.50 billion during the quarter, compared to analysts’ expectations of $47.12 billion. During the same period last year, the firm posted $1.40 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that UnitedHealth Group Inc will post $9.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Friday, March 10th were given a $0.625 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.52%. UnitedHealth Group’s payout ratio is 33.47%.

Several equities research analysts recently weighed in on UNH shares. Zacks Investment Research lowered UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th. Mizuho raised UnitedHealth Group from a “neutral” rating to a “buy” rating and set a $178.00 price target on the stock in a research report on Wednesday, November 30th. Leerink Swann lifted their price target on UnitedHealth Group from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 30th. Jefferies Group LLC lifted their price target on UnitedHealth Group from $168.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, November 30th. Finally, Royal Bank of Canada lifted their price target on UnitedHealth Group from $168.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $177.10.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $162.68, for a total value of $813,400.00. Following the completion of the sale, the director now directly owns 75,391 shares of the company’s stock, valued at $12,264,607.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michele J. Hooper sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $170.89, for a total value of $2,563,350.00. Following the completion of the sale, the director now directly owns 35,941 shares of the company’s stock, valued at $6,141,957.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,310 shares of company stock valued at $5,855,416. Insiders own 1.65% of the company’s stock.

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.

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