Sumitomo Life Insurance Co. Trims Stake in UnitedHealth Group Incorporated (NYSE:UNH)

Sumitomo Life Insurance Co. decreased its position in shares of UnitedHealth Group Incorporated (NYSE:UNHFree Report) by 62.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,499 shares of the healthcare conglomerate’s stock after selling 15,721 shares during the period. Sumitomo Life Insurance Co.’s holdings in UnitedHealth Group were worth $4,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNH. Twelve Points Wealth Management LLC lifted its position in UnitedHealth Group by 32.6% during the fourth quarter. Twelve Points Wealth Management LLC now owns 1,655 shares of the healthcare conglomerate’s stock valued at $837,000 after buying an additional 407 shares during the period. Capital Investment Counsel LLC lifted its position in UnitedHealth Group by 2.3% during the 4th quarter. Capital Investment Counsel LLC now owns 14,478 shares of the healthcare conglomerate’s stock valued at $7,324,000 after acquiring an additional 327 shares during the period. Mayflower Financial Advisors LLC grew its holdings in UnitedHealth Group by 3.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 4,433 shares of the healthcare conglomerate’s stock worth $2,242,000 after purchasing an additional 161 shares during the period. Genesee Capital Advisors LLC lifted its holdings in shares of UnitedHealth Group by 10.2% during the fourth quarter. Genesee Capital Advisors LLC now owns 1,091 shares of the healthcare conglomerate’s stock valued at $552,000 after purchasing an additional 101 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in shares of UnitedHealth Group by 1.2% in the 4th quarter. BSW Wealth Partners now owns 2,486 shares of the healthcare conglomerate’s stock worth $1,258,000 after buying an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Insider Activity

In other UnitedHealth Group news, Director Timothy Patrick Flynn purchased 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were bought at an average cost of $511.57 per share, with a total value of $511,570.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.33% of the company’s stock.

UnitedHealth Group Trading Down 0.2 %

NYSE:UNH opened at $542.52 on Wednesday. The firm has a market capitalization of $499.27 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.83 and a quick ratio of 0.91. The business has a fifty day moving average price of $540.11 and a 200-day moving average price of $565.06. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $630.73.

UnitedHealth Group (NYSE:UNHGet Free Report) last announced its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $100.81 billion during the quarter, compared to the consensus estimate of $101.60 billion. During the same period in the previous year, the company posted $5.83 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts forecast that UnitedHealth Group Incorporated will post 29.74 EPS for the current year.

UnitedHealth Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were paid a $2.10 dividend. The ex-dividend date was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a yield of 1.55%. UnitedHealth Group’s payout ratio is presently 54.19%.

Analyst Ratings Changes

Several research firms have commented on UNH. Morgan Stanley dropped their target price on UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Oppenheimer raised their price objective on shares of UnitedHealth Group from $610.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company cut their price target on shares of UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on UnitedHealth Group from $595.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, KeyCorp restated an “overweight” rating and issued a $650.00 price target on shares of UnitedHealth Group in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $629.32.

View Our Latest Research Report on UNH

UnitedHealth Group Profile

(Free Report)

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.

Further Reading

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

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