AHL Investment Management Inc. purchased a new position in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,745 shares of the healthcare conglomerate’s stock, valued at approximately $1,770,000. UnitedHealth Group accounts for 1.6% of AHL Investment Management Inc.’s portfolio, making the stock its 27th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UNH. Axiom Financial Strategies LLC purchased a new position in UnitedHealth Group in the 1st quarter worth approximately $210,000. McGowan Group Asset Management Inc. boosted its holdings in UnitedHealth Group by 8.9% in the 1st quarter. McGowan Group Asset Management Inc. now owns 744 shares of the healthcare conglomerate’s stock worth $379,000 after acquiring an additional 61 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of UnitedHealth Group by 31.8% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 250,196 shares of the healthcare conglomerate’s stock valued at $127,592,000 after purchasing an additional 60,300 shares in the last quarter. MAS Advisors LLC raised its position in shares of UnitedHealth Group by 10.8% in the 1st quarter. MAS Advisors LLC now owns 463 shares of the healthcare conglomerate’s stock valued at $241,000 after purchasing an additional 45 shares in the last quarter. Finally, First Western Trust Bank acquired a new position in shares of UnitedHealth Group in the 1st quarter valued at approximately $875,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on UNH shares. Loop Capital upped their target price on UnitedHealth Group from $590.00 to $600.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Oppenheimer reissued an “outperform” rating and set a $610.00 price target on shares of UnitedHealth Group in a research report on Monday, April 17th. Royal Bank of Canada reissued an “outperform” rating and set a $592.00 price target on shares of UnitedHealth Group in a research report on Monday, April 17th. JPMorgan Chase & Co. dropped their price target on UnitedHealth Group from $595.00 to $562.00 in a research report on Tuesday, May 30th. Finally, Cantor Fitzgerald started coverage on UnitedHealth Group in a research report on Thursday, April 20th. They set an “overweight” rating and a $591.00 price target on the stock. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, UnitedHealth Group has a consensus rating of “Buy” and an average target price of $592.68.
UnitedHealth Group Trading Down 0.4 %
UnitedHealth Group (NYSE:UNH – Get Rating) last released its quarterly earnings results on Friday, April 14th. The healthcare conglomerate reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.24 by $0.02. UnitedHealth Group had a return on equity of 27.05% and a net margin of 6.16%. The company had revenue of $91.93 billion during the quarter, compared to analysts’ expectations of $89.77 billion. During the same quarter in the prior year, the business posted $5.49 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts predict that UnitedHealth Group Incorporated will post 24.86 earnings per share for the current year.
UnitedHealth Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 27th. Investors of record on Monday, June 19th will be paid a dividend of $1.88 per share. The ex-dividend date is Thursday, June 15th. This represents a $7.52 annualized dividend and a yield of 1.58%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $1.65. UnitedHealth Group’s dividend payout ratio (DPR) is currently 34.39%.
Insider Activity at UnitedHealth Group
In other news, EVP Erin Mcsweeney sold 1,008 shares of the company’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $484.58, for a total transaction of $488,456.64. Following the completion of the sale, the executive vice president now directly owns 10,359 shares of the company’s stock, valued at $5,019,764.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew Witty sold 6,160 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $487.49, for a total transaction of $3,002,938.40. Following the completion of the sale, the chief executive officer now directly owns 86,564 shares of the company’s stock, valued at $42,199,084.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Erin Mcsweeney sold 1,008 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $484.58, for a total value of $488,456.64. Following the sale, the executive vice president now directly owns 10,359 shares of the company’s stock, valued at $5,019,764.22. The disclosure for this sale can be found here. Insiders sold 8,852 shares of company stock valued at $4,313,962 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
UnitedHealth Group Company Profile
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 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.
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