Teachers Retirement System of The State of Kentucky decreased its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 3.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 485,599 shares of the healthcare conglomerate’s stock after selling 17,144 shares during the period. UnitedHealth Group makes up 1.0% of Teachers Retirement System of The State of Kentucky’s holdings, making the stock its 7th largest position. Teachers Retirement System of The State of Kentucky’s holdings in UnitedHealth Group were worth $79,644,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of UNH. State Street Corp boosted its stake in UnitedHealth Group by 2.5% in the first quarter. State Street Corp now owns 45,724,509 shares of the healthcare conglomerate’s stock valued at $7,499,276,000 after buying an additional 1,122,534 shares during the period. Ameriprise Financial Inc. boosted its stake in UnitedHealth Group by 29.9% in the first quarter. Ameriprise Financial Inc. now owns 3,332,761 shares of the healthcare conglomerate’s stock valued at $546,574,000 after buying an additional 766,573 shares during the period. Swiss National Bank boosted its stake in UnitedHealth Group by 25.8% in the first quarter. Swiss National Bank now owns 3,719,488 shares of the healthcare conglomerate’s stock valued at $610,033,000 after buying an additional 763,161 shares during the period. Karp Capital Management Corp purchased a new stake in UnitedHealth Group during the first quarter valued at $113,729,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in UnitedHealth Group during the first quarter valued at $109,807,000. Institutional investors own 86.21% of the company’s stock.
UnitedHealth Group Incorporated (NYSE:UNH) traded down 0.38% on Wednesday, hitting $193.77. 430,798 shares of the company were exchanged. The company has a 50 day moving average price of $189.87 and a 200-day moving average price of $175.41. UnitedHealth Group Incorporated has a 52 week low of $132.39 and a 52 week high of $196.04. The stock has a market capitalization of $187.35 billion, a P/E ratio of 23.28 and a beta of 0.64.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion for the quarter, compared to analysts’ expectations of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. UnitedHealth Group’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. On average, equities analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.54%. UnitedHealth Group’s payout ratio is 35.13%.
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Several equities research analysts have recently weighed in on UNH shares. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Deutsche Bank AG reissued a “buy” rating and set a $187.00 target price (up from $183.00) on shares of UnitedHealth Group in a research note on Saturday, April 22nd. Mizuho increased their target price on shares of UnitedHealth Group from $178.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Vetr raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $186.50 target price on the stock in a research note on Tuesday, May 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $208.00 target price on shares of UnitedHealth Group in a research note on Friday, July 21st. One equities research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. UnitedHealth Group has an average rating of “Buy” and a consensus price target of $202.20.
In related news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares in the company, valued at approximately $14,753,730.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gail R. Wilensky sold 5,540 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $178.74, for a total transaction of $990,219.60. Following the completion of the transaction, the director now owns 60,516 shares in the company, valued at approximately $10,816,629.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,540 shares of company stock worth $2,873,320. 0.89% of the stock is currently owned by company insiders.
UnitedHealth Group Company Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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