Ayrshire Capital Management LLC raised its stake in UnitedHealth Group Incorporated (NYSE:UNH – Get Rating) by 6.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,939 shares of the healthcare conglomerate’s stock after buying an additional 556 shares during the period. UnitedHealth Group makes up about 2.9% of Ayrshire Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Ayrshire Capital Management LLC’s holdings in UnitedHealth Group were worth $4,225,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Axiom Financial Strategies LLC acquired a new stake in UnitedHealth Group during the 1st quarter valued at $210,000. McGowan Group Asset Management Inc. raised its stake in UnitedHealth Group by 8.9% during the 1st quarter. McGowan Group Asset Management Inc. now owns 744 shares of the healthcare conglomerate’s stock valued at $379,000 after purchasing an additional 61 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in UnitedHealth Group by 31.8% during 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 during the period. MAS Advisors LLC raised its stake in UnitedHealth Group by 10.8% during 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 during the period. Finally, First Western Trust Bank acquired a new stake in UnitedHealth Group during the 1st quarter valued at $875,000. Institutional investors own 92.61% of the company’s stock.
Insider Buying and Selling
In related news, CEO Andrew Witty sold 6,160 shares of the stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $487.49, for a total value of $3,002,938.40. Following the completion of the transaction, the chief executive officer now owns 86,564 shares of the company’s stock, valued at $42,199,084.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Erin Mcsweeney sold 1,008 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were 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 owns 10,359 shares of the company’s stock, valued at $5,019,764.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Witty sold 6,160 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 86,564 shares of the company’s stock, valued at approximately $42,199,084.36. 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 quarter. Corporate insiders own 0.35% of the company’s stock.
UnitedHealth Group Stock Down 0.4 %
UnitedHealth Group (NYSE:UNH – Get Rating) last announced its quarterly earnings data on Friday, April 14th. The healthcare conglomerate reported $6.26 EPS for the quarter, beating analysts’ consensus estimates of $6.24 by $0.02. The business had revenue of $91.93 billion during the quarter, compared to analyst estimates of $89.77 billion. UnitedHealth Group had a net margin of 6.16% and a return on equity of 27.05%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.49 earnings per share. On average, equities research analysts expect that UnitedHealth Group Incorporated will post 24.86 earnings per share for the current year.
UnitedHealth Group Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 27th. Investors of record on Monday, June 19th will be given a $1.88 dividend. This represents a $7.52 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, June 15th. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $1.65. UnitedHealth Group’s dividend payout ratio is 34.39%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on UNH shares. Raymond James reaffirmed a “strong-buy” rating and issued a $630.00 price target on shares of UnitedHealth Group in a research note on Friday, April 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $592.00 price target on shares of UnitedHealth Group in a research note on Monday, April 17th. Stephens reaffirmed an “overweight” rating and issued a $605.00 price target on shares of UnitedHealth Group in a research note on Tuesday, February 28th. SVB Securities dropped their price target on shares of UnitedHealth Group from $625.00 to $560.00 in a research note on Wednesday, June 14th. Finally, StockNews.com cut shares of UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $592.68.
About UnitedHealth Group
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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