PDT Partners LLC Increases Holdings in UnitedHealth Group Incorporated (UNH)

PDT Partners LLC boosted its stake in UnitedHealth Group Incorporated (NYSE:UNH) by 21.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,600 shares of the healthcare conglomerate’s stock after acquiring an additional 9,700 shares during the period. PDT Partners LLC’s holdings in UnitedHealth Group were worth $10,309,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Blue Chip Partners Inc. purchased a new position in shares of UnitedHealth Group in the second quarter worth about $110,000. Kings Point Capital Management increased its stake in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after purchasing an additional 150 shares in the last quarter. Bruderman Asset Management LLC purchased a new position in shares of UnitedHealth Group in the second quarter worth about $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after purchasing an additional 520 shares in the last quarter. Finally, BDO Wealth Advisors LLC purchased a new position in shares of UnitedHealth Group in the second quarter worth about $121,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of UnitedHealth Group Incorporated (NYSE:UNH) traded down $1.33 during trading hours on Wednesday, reaching $220.09. 3,246,300 shares of the company traded hands, compared to its average volume of 3,119,193. The stock has a market capitalization of $214,570.92, a PE ratio of 23.07, a P/E/G ratio of 1.64 and a beta of 0.66. UnitedHealth Group Incorporated has a 12 month low of $156.09 and a 12 month high of $231.77. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.52.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the consensus estimate of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The company had revenue of $50.32 billion during the quarter, compared to analysts’ expectations of $50.38 billion. During the same quarter in the previous year, the company earned $2.17 earnings per share. UnitedHealth Group’s revenue for the quarter was up 8.7% on a year-over-year basis. equities analysts anticipate that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a $0.75 dividend. The ex-dividend date is Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.36%. UnitedHealth Group’s dividend payout ratio is presently 33.26%.

In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $223.31, for a total value of $1,250,536.00. Following the completion of the transaction, the director now owns 61,137 shares of the company’s stock, valued at approximately $13,652,503.47. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth Irwin Shine sold 457 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The disclosure for this sale can be found here. In the last three months, insiders sold 57,606 shares of company stock valued at $11,566,525. Corporate insiders own 0.89% of the company’s stock.

Several equities analysts have recently weighed in on UNH shares. ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald lifted their target price on shares of UnitedHealth Group to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Credit Suisse Group started coverage on shares of UnitedHealth Group in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $233.00 target price for the company. UBS reiterated an “overweight” rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. Finally, Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $224.56.

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About UnitedHealth Group

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.

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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