Consolidated Planning Corp Sells 165 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Consolidated Planning Corp lessened its position in shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,908 shares of the healthcare conglomerate’s stock after selling 165 shares during the quarter. UnitedHealth Group comprises about 2.7% of Consolidated Planning Corp’s investment portfolio, making the stock its 7th largest position. Consolidated Planning Corp’s holdings in UnitedHealth Group were worth $8,539,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TimeScale Financial Inc. lifted its stake in UnitedHealth Group by 276.9% in the third quarter. TimeScale Financial Inc. now owns 49 shares of the healthcare conglomerate’s stock valued at $25,000 after buying an additional 36 shares during the period. Pflug Koory LLC lifted its stake in UnitedHealth Group by 160.0% in the third quarter. Pflug Koory LLC now owns 52 shares of the healthcare conglomerate’s stock valued at $26,000 after buying an additional 32 shares during the period. Urban Wealth Management LLC bought a new stake in shares of UnitedHealth Group in the second quarter worth about $29,000. Knott David M Jr bought a new stake in shares of UnitedHealth Group in the second quarter worth about $29,000. Finally, Belmont Capital LLC increased its holdings in shares of UnitedHealth Group by 294.1% in the third quarter. Belmont Capital LLC now owns 67 shares of the healthcare conglomerate’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 86.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on UNH. Raymond James downgraded UnitedHealth Group from a “strong-buy” rating to an “outperform” rating and set a $615.00 price target for the company. in a report on Monday, November 21st. StockNews.com initiated coverage on UnitedHealth Group in a report on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Loop Capital increased their price objective on UnitedHealth Group from $575.00 to $590.00 in a report on Tuesday, January 17th. Morgan Stanley reiterated an “overweight” rating and set a $587.00 price objective on shares of UnitedHealth Group in a report on Wednesday, November 23rd. Finally, SVB Leerink decreased their price objective on UnitedHealth Group from $625.00 to $618.00 and set an “outperform” rating for the company in a report on Monday, October 17th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $599.39.

UnitedHealth Group Stock Down 0.4 %

UNH stock opened at $489.75 on Wednesday. UnitedHealth Group Incorporated has a twelve month low of $445.73 and a twelve month high of $558.10. The company has a market cap of $457.60 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 1.36 and a beta of 0.73. The business has a 50 day moving average price of $518.45 and a two-hundred day moving average price of $524.08. The company has a quick ratio of 0.82, a current ratio of 0.77 and a debt-to-equity ratio of 0.67.

UnitedHealth Group (NYSE:UNHGet Rating) last released its quarterly earnings data on Friday, January 13th. The healthcare conglomerate reported $5.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.17 by $0.17. UnitedHealth Group had a return on equity of 27.04% and a net margin of 6.21%. The company had revenue of $82.79 billion during the quarter, compared to analysts’ expectations of $82.53 billion. During the same period last year, the firm posted $4.48 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. Analysts anticipate that UnitedHealth Group Incorporated will post 24.9 EPS for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Investors of record on Monday, December 5th were issued a dividend of $1.65 per share. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $6.60 annualized dividend and a yield of 1.35%. UnitedHealth Group’s payout ratio is currently 31.15%.

Insider Buying and Selling

In related news, EVP Erin Mcsweeney sold 450 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $542.30, for a total transaction of $244,035.00. Following the completion of the sale, the executive vice president now directly owns 8,736 shares of the company’s stock, valued at approximately $4,737,532.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by insiders.

About UnitedHealth Group

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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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