Taylor Hoffman Wealth Management Acquires 1,953 Shares of UnitedHealth Group Inc (NYSE:UNH)

Taylor Hoffman Wealth Management raised its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 146.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,287 shares of the healthcare conglomerate’s stock after purchasing an additional 1,953 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in UnitedHealth Group were worth $714,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Selective Wealth Management Inc. bought a new stake in shares of UnitedHealth Group in the 3rd quarter valued at $27,000. North Star Investment Management Corp. bought a new stake in shares of UnitedHealth Group in the 3rd quarter valued at $30,000. Delta Asset Management LLC TN increased its position in shares of UnitedHealth Group by 111.0% in the 3rd quarter. Delta Asset Management LLC TN now owns 154 shares of the healthcare conglomerate’s stock valued at $33,000 after buying an additional 81 shares in the last quarter. Fusion Family Wealth LLC increased its position in shares of UnitedHealth Group by 329.7% in the 3rd quarter. Fusion Family Wealth LLC now owns 159 shares of the healthcare conglomerate’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC increased its position in shares of UnitedHealth Group by 212.5% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 175 shares of the healthcare conglomerate’s stock valued at $38,000 after buying an additional 119 shares in the last quarter. Institutional investors own 85.66% of the company’s stock.

In other news, CAO Thomas E. Roos sold 1,177 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $255.04, for a total transaction of $300,182.08. Following the completion of the transaction, the chief accounting officer now directly owns 21,687 shares in the company, valued at approximately $5,531,052.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy Patrick Flynn acquired 2,000 shares of UnitedHealth Group stock in a transaction dated Wednesday, August 28th. The shares were acquired at an average price of $227.55 per share, with a total value of $455,100.00. Following the completion of the purchase, the director now owns 5,524 shares in the company, valued at $1,256,986.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 33,177 shares of company stock valued at $7,842,582. Company insiders own 0.87% of the company’s stock.

Shares of UnitedHealth Group stock traded up $0.51 during trading hours on Friday, reaching $256.97. 2,161,274 shares of the company’s stock were exchanged, compared to its average volume of 4,544,972. The company has a 50 day moving average of $234.76 and a two-hundred day moving average of $241.05. UnitedHealth Group Inc has a fifty-two week low of $208.07 and a fifty-two week high of $287.94. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67. The stock has a market cap of $237.20 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.33 and a beta of 0.61.

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UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, topping the Zacks’ consensus estimate of $3.75 by $0.13. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The company had revenue of $60.35 billion during the quarter, compared to the consensus estimate of $59.84 billion. During the same period in the prior year, the business posted $3.41 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, analysts expect that UnitedHealth Group Inc will post 14.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.68%. UnitedHealth Group’s dividend payout ratio is 33.54%.

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating for the company in a research report on Thursday, September 26th. Deutsche Bank assumed coverage on shares of UnitedHealth Group in a research report on Thursday, September 12th. They issued a “hold” rating and a $263.00 price objective for the company. Zacks Investment Research raised shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 target price for the company in a research note on Monday, July 22nd. ValuEngine raised shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup reduced their target price on shares of UnitedHealth Group from $299.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $283.84.

UnitedHealth Group Company 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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