Summit Global Investments Has $9.84 Million Stock Holdings in UnitedHealth Group Inc (NYSE:UNH)

Summit Global Investments grew its position in UnitedHealth Group Inc (NYSE:UNH) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,312 shares of the healthcare conglomerate’s stock after purchasing an additional 403 shares during the period. UnitedHealth Group comprises approximately 1.2% of Summit Global Investments’ holdings, making the stock its 23rd biggest holding. Summit Global Investments’ holdings in UnitedHealth Group were worth $9,837,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Eastern Bank raised its holdings in shares of UnitedHealth Group by 2.0% in the second quarter. Eastern Bank now owns 69,088 shares of the healthcare conglomerate’s stock valued at $16,858,000 after buying an additional 1,375 shares during the last quarter. Enterprise Bank & Trust Co bought a new position in shares of UnitedHealth Group in the first quarter valued at about $3,785,000. Private Advisors LLC raised its holdings in shares of UnitedHealth Group by 57.9% in the first quarter. Private Advisors LLC now owns 6,501 shares of the healthcare conglomerate’s stock valued at $1,607,000 after buying an additional 2,385 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in shares of UnitedHealth Group by 26.2% in the second quarter. Capital Investment Advisors LLC now owns 6,379 shares of the healthcare conglomerate’s stock valued at $1,556,000 after buying an additional 1,323 shares during the last quarter. Finally, Berkeley Capital Partners LLC raised its holdings in shares of UnitedHealth Group by 7.4% in the second quarter. Berkeley Capital Partners LLC now owns 2,220 shares of the healthcare conglomerate’s stock valued at $542,000 after buying an additional 153 shares during the last quarter. Institutional investors own 85.66% of the company’s stock.

NYSE:UNH traded down $2.83 on Wednesday, hitting $222.17. 4,550,772 shares of the stock were exchanged, compared to its average volume of 4,515,367. The stock has a market capitalization of $220.71 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.24 and a beta of 0.62. UnitedHealth Group Inc has a 52 week low of $208.07 and a 52 week high of $287.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.67 and a current ratio of 0.67. The company’s 50-day moving average price is $236.29 and its 200 day moving average price is $242.51.



UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.46 by $0.14. The firm had revenue of $60.60 billion during the quarter, compared to analysts’ expectations of $60.59 billion. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.14 EPS. As a group, equities research analysts predict that UnitedHealth Group Inc will post 14.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.32 annualized dividend and a yield of 1.94%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.

A number of research analysts recently issued reports on UNH shares. Cantor Fitzgerald set a $310.00 price target on UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. Raymond James lifted their price target on UnitedHealth Group from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine cut UnitedHealth Group from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Credit Suisse Group set a $293.00 price target on UnitedHealth Group and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Deutsche Bank started coverage on UnitedHealth Group in a report on Thursday, September 12th. They issued a “hold” rating and a $263.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and a consensus price target of $291.61.

In other news, Director Richard T. Burke sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $246.40, for a total value of $1,232,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at approximately $46,318,025.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Burke sold 2,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $231.50, for a total value of $463,000.00. Following the completion of the sale, the director now directly owns 187,979 shares of the company’s stock, valued at $43,517,138.50. The disclosure for this sale can be found here. Insiders have sold a total of 24,000 shares of company stock valued at $5,924,120 over the last three months. Company insiders own 0.82% 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 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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