Legacy Capital Partners Inc. Sells 225 Shares of UnitedHealth Group Inc (UNH)

Legacy Capital Partners Inc. cut its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,581 shares of the healthcare conglomerate’s stock after selling 225 shares during the period. Legacy Capital Partners Inc.’s holdings in UnitedHealth Group were worth $2,369,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNH. Crewe Advisors LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $25,000. Pearl River Capital LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $35,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $40,000. OLD Second National Bank of Aurora lifted its position in shares of UnitedHealth Group by 70.0% in the 4th quarter. OLD Second National Bank of Aurora now owns 170 shares of the healthcare conglomerate’s stock valued at $42,000 after acquiring an additional 70 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of UnitedHealth Group in the 4th quarter valued at approximately $42,000. 87.49% of the stock is owned by institutional investors and hedge funds.

In related news, CEO David S. Wichmann acquired 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $231.79 per share, for a total transaction of $4,635,800.00. Following the purchase, the chief executive officer now owns 904,367 shares in the company, valued at $209,623,226.93. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gail R. Wilensky sold 2,930 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $253.39, for a total transaction of $742,432.70. Following the transaction, the director now owns 64,726 shares in the company, valued at approximately $16,400,921.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,930 shares of company stock worth $6,746,683. Company insiders own 0.87% of the company’s stock.



Several equities research analysts recently commented on UNH shares. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $258.00 price target for the company in a research report on Wednesday, April 17th. Citigroup upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $247.00 to $280.00 in a research report on Friday, May 10th. Oppenheimer upped their price target on shares of UnitedHealth Group from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, January 16th. Raymond James reduced their price target on shares of UnitedHealth Group from $310.00 to $265.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 17th. Finally, Bank of America restated a “buy” rating and issued a $290.00 price target (down previously from $320.00) on shares of UnitedHealth Group in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $290.47.

UnitedHealth Group stock opened at $236.43 on Wednesday. The company has a market capitalization of $226.15 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 1.27 and a beta of 0.74. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. UnitedHealth Group Inc has a twelve month low of $208.07 and a twelve month high of $287.94.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.13. The firm had revenue of $60.30 billion for the quarter, compared to analyst estimates of $59.72 billion. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 EPS. Equities research analysts forecast that UnitedHealth Group Inc will post 14.7 earnings per share for the current year.

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About UnitedHealth Group

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 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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