Northern Trust Corp lessened its stake in UnitedHealth Group Incorporated (NYSE:UNH – Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,446,019 shares of the healthcare conglomerate’s stock after selling 791,860 shares during the quarter. UnitedHealth Group accounts for about 0.9% of Northern Trust Corp’s portfolio, making the stock its 16th largest holding. Northern Trust Corp owned about 1.02% of UnitedHealth Group worth $4,540,135,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Great Diamond Partners LLC grew its stake in UnitedHealth Group by 1.7% in the 2nd quarter. Great Diamond Partners LLC now owns 7,033 shares of the healthcare conglomerate’s stock valued at $3,380,000 after acquiring an additional 118 shares during the period. Private Ocean LLC boosted its holdings in UnitedHealth Group by 37.1% in the 2nd quarter. Private Ocean LLC now owns 1,272 shares of the healthcare conglomerate’s stock worth $612,000 after buying an additional 344 shares during the last quarter. Blue Chip Partners LLC lifted its position in shares of UnitedHealth Group by 0.5% in the second quarter. Blue Chip Partners LLC now owns 49,995 shares of the healthcare conglomerate’s stock valued at $24,030,000 after acquiring an additional 228 shares in the last quarter. Allworth Financial LP increased its position in shares of UnitedHealth Group by 1.8% during the second quarter. Allworth Financial LP now owns 27,427 shares of the healthcare conglomerate’s stock worth $13,183,000 after purchasing an additional 475 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in UnitedHealth Group by 3.1% during the 2nd quarter. Salem Investment Counselors Inc. now owns 31,222 shares of the healthcare conglomerate’s stock worth $15,006,000 after purchasing an additional 942 shares during the last quarter. 85.69% of the stock is owned by institutional investors and hedge funds.
Insider Activity at UnitedHealth Group
In related news, EVP Erin Mcsweeney sold 4,498 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $544.28, for a total value of $2,448,171.44. Following the completion of the sale, the executive vice president now directly owns 9,218 shares of the company’s stock, valued at approximately $5,017,173.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other UnitedHealth Group news, Director Stephen J. Hemsley sold 121,515 shares of the company’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $540.58, for a total transaction of $65,688,578.70. Following the completion of the sale, the director now directly owns 521,818 shares of the company’s stock, valued at approximately $282,084,374.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Erin Mcsweeney sold 4,498 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $544.28, for a total value of $2,448,171.44. Following the sale, the executive vice president now owns 9,218 shares of the company’s stock, valued at approximately $5,017,173.04. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Analysts Set New Price Targets
UnitedHealth Group Stock Up 0.2 %
UNH stock traded up $1.28 during mid-day trading on Tuesday, reaching $536.38. The company had a trading volume of 277,349 shares, compared to its average volume of 3,277,795. UnitedHealth Group Incorporated has a fifty-two week low of $445.68 and a fifty-two week high of $553.00. The company has a market capitalization of $496.11 billion, a price-to-earnings ratio of 23.22, a price-to-earnings-growth ratio of 1.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a fifty day simple moving average of $520.61 and a 200 day simple moving average of $498.83.
UnitedHealth Group (NYSE:UNH – Get Free Report) last posted its quarterly earnings results on Friday, October 13th. The healthcare conglomerate reported $6.56 EPS for the quarter, topping the consensus estimate of $6.33 by $0.23. The company had revenue of $92.36 billion during the quarter, compared to analysts’ expectations of $91.41 billion. UnitedHealth Group had a net margin of 6.02% and a return on equity of 26.58%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.79 EPS. Analysts forecast that UnitedHealth Group Incorporated will post 24.94 earnings per share for the current fiscal year.
UnitedHealth Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Monday, December 4th will be paid a $1.88 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $7.52 annualized dividend and a yield of 1.40%. UnitedHealth Group’s dividend payout ratio is currently 32.64%.
About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It 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.
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