UnitedHealth Group (UNH) Shares Sold by Suffolk Capital Management LLC

Suffolk Capital Management LLC lessened its stake in shares of UnitedHealth Group (NYSE:UNH) by 29.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,825 shares of the healthcare conglomerate’s stock after selling 17,495 shares during the period. Suffolk Capital Management LLC’s holdings in UnitedHealth Group were worth $8,951,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in UnitedHealth Group by 399.3% in the 3rd quarter. Capital International Investors now owns 4,132,602 shares of the healthcare conglomerate’s stock valued at $809,370,000 after acquiring an additional 3,304,902 shares during the last quarter. Egerton Capital UK LLP acquired a new stake in UnitedHealth Group in the 4th quarter valued at about $368,905,000. Amundi Pioneer Asset Management Inc. raised its holdings in UnitedHealth Group by 72.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,919,846 shares of the healthcare conglomerate’s stock valued at $423,249,000 after acquiring an additional 804,091 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in UnitedHealth Group by 22.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,323,180 shares of the healthcare conglomerate’s stock valued at $953,088,000 after acquiring an additional 792,527 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in UnitedHealth Group by 10.2% in the 4th quarter. Jennison Associates LLC now owns 6,107,513 shares of the healthcare conglomerate’s stock valued at $1,346,462,000 after acquiring an additional 565,536 shares during the last quarter. Hedge funds and other institutional investors own 85.10% of the company’s stock.

UnitedHealth Group opened at $245.18 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $235.09 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.41 and a beta of 0.75. UnitedHealth Group has a fifty-two week low of $173.71 and a fifty-two week high of $250.79.



UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, April 17th. The healthcare conglomerate reported $3.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.91 by $0.13. The firm had revenue of $55.19 billion during the quarter, compared to analysts’ expectations of $54.90 billion. UnitedHealth Group had a net margin of 5.41% and a return on equity of 22.06%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company posted $2.37 EPS. equities analysts forecast that UnitedHealth Group will post 12.61 EPS for the current year.

UNH has been the subject of a number of recent research reports. Barclays initiated coverage on shares of UnitedHealth Group in a report on Thursday, March 8th. They issued an “overweight” rating and a $265.00 price objective for the company. Cantor Fitzgerald reiterated a “buy” rating and issued a $280.00 price objective on shares of UnitedHealth Group in a report on Thursday, March 8th. Credit Suisse Group reiterated a “buy” rating on shares of UnitedHealth Group in a report on Friday, March 9th. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, JPMorgan Chase increased their price objective on shares of UnitedHealth Group to $266.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $253.70.

In related news, insider Larry C. Renfro sold 22,184 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $228.94, for a total transaction of $5,078,804.96. Following the completion of the transaction, the insider now owns 173,229 shares of the company’s stock, valued at approximately $39,659,047.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on Monday, April 23rd. The stock was sold at an average price of $234.20, for a total transaction of $3,513,000.00. Following the transaction, the director now directly owns 1,761,533 shares of the company’s stock, valued at approximately $412,551,028.60. The disclosure for this sale can be found here. Insiders have sold a total of 72,019 shares of company stock valued at $16,550,733 in the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

About UnitedHealth Group

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 care coverage, and 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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