UnitedHealth Group Inc (UNH) Position Lifted by IFP Advisors Inc

IFP Advisors Inc increased its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 13.2% during the third quarter, HoldingsChannel.com reports. The fund owned 17,004 shares of the healthcare conglomerate’s stock after buying an additional 1,985 shares during the period. IFP Advisors Inc’s holdings in UnitedHealth Group were worth $4,524,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WoodTrust Financial Corp lifted its position in shares of UnitedHealth Group by 2.5% in the third quarter. WoodTrust Financial Corp now owns 7,823 shares of the healthcare conglomerate’s stock valued at $2,081,000 after acquiring an additional 189 shares in the last quarter. Advisors Capital Management LLC lifted its position in shares of UnitedHealth Group by 15.2% in the third quarter. Advisors Capital Management LLC now owns 1,437 shares of the healthcare conglomerate’s stock valued at $382,000 after acquiring an additional 190 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of UnitedHealth Group by 26.5% in the second quarter. Chicago Partners Investment Group LLC now owns 920 shares of the healthcare conglomerate’s stock valued at $226,000 after acquiring an additional 193 shares in the last quarter. Highland Capital Management LLC lifted its position in shares of UnitedHealth Group by 0.5% in the third quarter. Highland Capital Management LLC now owns 36,128 shares of the healthcare conglomerate’s stock valued at $9,612,000 after acquiring an additional 194 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in shares of UnitedHealth Group by 1.2% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,096 shares of the healthcare conglomerate’s stock valued at $4,194,000 after acquiring an additional 200 shares in the last quarter. 85.45% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. BMO Capital Markets upped their price objective on UnitedHealth Group to $310.00 and gave the company an “outperform” rating in a research report on Thursday, October 18th. Argus upped their price objective on UnitedHealth Group to $285.00 and gave the company a “buy” rating in a research report on Thursday, October 18th. Oppenheimer upped their price objective on UnitedHealth Group from $276.00 to $295.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Royal Bank of Canada upped their price objective on UnitedHealth Group to $308.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Finally, Piper Jaffray Companies upped their price objective on UnitedHealth Group to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 17th. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and a consensus price target of $289.41.



UnitedHealth Group stock opened at $258.18 on Monday. The firm has a market capitalization of $248.49 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 1.49 and a beta of 0.73. UnitedHealth Group Inc has a 52 week low of $207.80 and a 52 week high of $272.81. The company has a quick ratio of 0.75, a current ratio of 0.69 and a debt-to-equity ratio of 0.61.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.30 by $0.11. The firm had revenue of $56.56 billion during the quarter, compared to analyst estimates of $56.34 billion. UnitedHealth Group had a return on equity of 23.62% and a net margin of 5.71%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.66 earnings per share. Research analysts predict that UnitedHealth Group Inc will post 12.81 EPS for the current year.

In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $254.79, for a total transaction of $3,821,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Steven H. Nelson sold 26,033 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $270.65, for a total value of $7,045,831.45. The disclosure for this sale can be found here. Insiders sold 94,568 shares of company stock valued at $24,950,027 over the last quarter. Insiders own 0.87% of the company’s stock.

UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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

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