OLD National Bancorp IN Sells 1,710 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

OLD National Bancorp IN reduced its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 3.0% in the fourth quarter, Holdings Channel reports. The firm owned 54,443 shares of the healthcare conglomerate’s stock after selling 1,710 shares during the period. UnitedHealth Group comprises approximately 0.7% of OLD National Bancorp IN’s holdings, making the stock its 26th biggest position. OLD National Bancorp IN’s holdings in UnitedHealth Group were worth $27,541,000 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. Quarry LP lifted its position in UnitedHealth Group by 132.1% in the 2nd quarter. Quarry LP now owns 65 shares of the healthcare conglomerate’s stock worth $33,000 after buying an additional 37 shares during the last quarter. RiverFront Investment Group LLC boosted its stake in shares of UnitedHealth Group by 9.9% in the 2nd quarter. RiverFront Investment Group LLC now owns 25,048 shares of the healthcare conglomerate’s stock valued at $12,756,000 after purchasing an additional 2,254 shares in the last quarter. Farmers National Bank raised its position in UnitedHealth Group by 15.5% in the 2nd quarter. Farmers National Bank now owns 6,351 shares of the healthcare conglomerate’s stock worth $3,234,000 after purchasing an additional 851 shares during the period. Brown Financial Advisors purchased a new position in shares of UnitedHealth Group in the second quarter worth about $2,898,000. Finally, Sanctuary Advisors LLC bought a new stake in UnitedHealth Group in the second quarter valued at approximately $61,519,000. Hedge funds and other institutional investors own 87.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UNH. Bank of America cut their price target on shares of UnitedHealth Group from $675.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Morgan Stanley cut their price target on shares of UnitedHealth Group from $615.00 to $610.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $700.00 target price on shares of UnitedHealth Group in a research note on Friday, January 17th. HSBC raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price objective on the stock in a research report on Friday, January 10th. Finally, Wells Fargo & Company lowered their target price on UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $629.32.

UnitedHealth Group Trading Down 0.8 %

UnitedHealth Group stock opened at $538.29 on Thursday. 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 stock has a market capitalization of $495.38 billion, a PE ratio of 34.73, a price-to-earnings-growth ratio of 1.41 and a beta of 0.62. The business’s fifty day moving average is $539.43 and its 200 day moving average is $565.28. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $630.73.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Thursday, January 16th. The healthcare conglomerate reported $6.81 earnings per share for the quarter, beating analysts’ consensus estimates of $6.74 by $0.07. The company had revenue of $100.81 billion for the quarter, compared to the consensus estimate of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.83 earnings per share. On average, sell-side analysts predict that UnitedHealth Group Incorporated will post 29.74 EPS for the current year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th were paid a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.56%. UnitedHealth Group’s dividend payout ratio is currently 54.19%.

Insider Buying and Selling

In related news, Director Timothy Patrick Flynn bought 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, for a total transaction of $511,570.00. Following the completion of the transaction, the director now owns 4,500 shares of the company’s stock, valued at approximately $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by insiders.

UnitedHealth Group Profile

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.