Sumitomo Mitsui DS Asset Management Company Ltd Has $116.74 Million Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 8.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,281 shares of the healthcare conglomerate’s stock after purchasing an additional 18,443 shares during the period. UnitedHealth Group comprises about 2.8% of Sumitomo Mitsui DS Asset Management Company Ltd’s holdings, making the stock its 4th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in UnitedHealth Group were worth $116,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC increased its position in UnitedHealth Group by 9.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 518 shares of the healthcare conglomerate’s stock valued at $264,000 after acquiring an additional 45 shares during the period. Cullinan Associates Inc. increased its position in UnitedHealth Group by 2.1% in the 2nd quarter. Cullinan Associates Inc. now owns 27,068 shares of the healthcare conglomerate’s stock valued at $13,903,000 after acquiring an additional 555 shares during the period. EverSource Wealth Advisors LLC increased its position in UnitedHealth Group by 67.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,557 shares of the healthcare conglomerate’s stock valued at $1,303,000 after acquiring an additional 1,032 shares during the period. 626 Financial LLC increased its position in UnitedHealth Group by 1.5% in the 2nd quarter. 626 Financial LLC now owns 2,387 shares of the healthcare conglomerate’s stock valued at $1,224,000 after acquiring an additional 35 shares during the period. Finally, TPG Financial Advisors LLC increased its position in shares of UnitedHealth Group by 8.6% during the second quarter. TPG Financial Advisors LLC now owns 2,423 shares of the healthcare conglomerate’s stock worth $1,245,000 after buying an additional 192 shares during the period. Institutional investors own 87.25% of the company’s stock.

Insider Transactions at UnitedHealth Group

In other news, CEO Dirk C. Mcmahon sold 14,715 shares of UnitedHealth Group stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $543.32, for a total value of $7,994,953.80. Following the completion of the transaction, the chief executive officer now owns 50,108 shares in the company, valued at $27,224,678.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other UnitedHealth Group news, CAO Thomas E. Roos sold 465 shares of UnitedHealth Group stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $542.37, for a total transaction of $252,202.05. Following the completion of the sale, the chief accounting officer now directly owns 34,786 shares in the company, valued at $18,866,882.82. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dirk C. Mcmahon sold 14,715 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $543.32, for a total transaction of $7,994,953.80. Following the sale, the chief executive officer now owns 50,108 shares of the company’s stock, valued at $27,224,678.56. The disclosure for this sale can be found here. Insiders sold 139,051 shares of company stock worth $74,450,958 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of UnitedHealth Group from $613.00 to $612.00 and set an “overweight” rating for the company in a research report on Wednesday, May 25th. SVB Leerink increased their price objective on shares of UnitedHealth Group from $600.00 to $625.00 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Argus increased their price objective on shares of UnitedHealth Group from $580.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. UBS Group increased their target price on shares of UnitedHealth Group from $545.00 to $570.00 and gave the stock a “neutral” rating in a research note on Thursday, July 21st. Finally, Mizuho increased their target price on shares of UnitedHealth Group from $550.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, UnitedHealth Group currently has an average rating of “Moderate Buy” and a consensus target price of $585.65.

UnitedHealth Group Stock Down 2.1 %

UNH opened at $512.08 on Thursday. UnitedHealth Group Incorporated has a fifty-two week low of $383.12 and a fifty-two week high of $553.29. The company’s 50-day moving average is $529.81 and its 200 day moving average is $512.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $478.99 billion, a P/E ratio of 26.74, a PEG ratio of 1.64 and a beta of 0.76.

UnitedHealth Group (NYSE:UNHGet Rating) last posted its quarterly earnings data on Friday, July 15th. The healthcare conglomerate reported $5.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.24 by $0.33. UnitedHealth Group had a net margin of 5.95% and a return on equity of 25.45%. The business had revenue of $80.33 billion during the quarter, compared to the consensus estimate of $79.68 billion. During the same quarter last year, the company posted $4.70 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Research analysts expect that UnitedHealth Group Incorporated will post 21.85 earnings per share for the current fiscal year.

UnitedHealth Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Stockholders of record on Monday, September 12th were paid a $1.65 dividend. The ex-dividend date was Friday, September 9th. This represents a $6.60 annualized dividend and a dividend yield of 1.29%. UnitedHealth Group’s payout ratio is 34.46%.

UnitedHealth Group Company Profile

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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 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; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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