Gateway Investment Advisers LLC Decreases Stock Position in UnitedHealth Group Inc (NYSE:UNH)

Gateway Investment Advisers LLC reduced its position in UnitedHealth Group Inc (NYSE:UNH) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 346,588 shares of the healthcare conglomerate’s stock after selling 49,940 shares during the period. UnitedHealth Group comprises approximately 1.3% of Gateway Investment Advisers LLC’s holdings, making the stock its 14th largest position. Gateway Investment Advisers LLC’s holdings in UnitedHealth Group were worth $108,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ellis Investment Partners LLC grew its position in shares of UnitedHealth Group by 5.6% during the 3rd quarter. Ellis Investment Partners LLC now owns 602 shares of the healthcare conglomerate’s stock valued at $187,000 after acquiring an additional 32 shares during the period. Successful Portfolios LLC boosted its holdings in UnitedHealth Group by 2.2% in the 2nd quarter. Successful Portfolios LLC now owns 1,558 shares of the healthcare conglomerate’s stock worth $460,000 after buying an additional 34 shares during the period. SRS Capital Advisors Inc. boosted its holdings in UnitedHealth Group by 3.6% in the 2nd quarter. SRS Capital Advisors Inc. now owns 981 shares of the healthcare conglomerate’s stock worth $289,000 after buying an additional 34 shares during the period. Investment Counsel Inc. boosted its holdings in UnitedHealth Group by 1.4% in the 2nd quarter. Investment Counsel Inc. now owns 2,575 shares of the healthcare conglomerate’s stock worth $759,000 after buying an additional 35 shares during the period. Finally, Bfsg LLC boosted its holdings in UnitedHealth Group by 1.7% in the 2nd quarter. Bfsg LLC now owns 2,083 shares of the healthcare conglomerate’s stock worth $614,000 after buying an additional 35 shares during the period. Institutional investors own 86.39% of the company’s stock.

Several research analysts have commented on UNH shares. Barclays increased their price objective on shares of UnitedHealth Group from $322.00 to $365.00 and gave the company an “overweight” rating in a report on Tuesday, October 13th. Bank of America increased their price objective on shares of UnitedHealth Group from $351.00 to $365.00 and gave the company a “buy” rating in a report on Friday, August 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of UnitedHealth Group from $293.00 to $312.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Jefferies Financial Group upped their target price on shares of UnitedHealth Group from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Thursday, October 15th. Finally, Piper Sandler upped their target price on shares of UnitedHealth Group from $350.00 to $385.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $346.68.

In other news, EVP Marianne D. Short sold 12,000 shares of UnitedHealth Group stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $321.34, for a total value of $3,856,080.00. Following the sale, the executive vice president now owns 140,885 shares in the company, valued at $45,271,985.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marianne D. Short sold 10,336 shares of UnitedHealth Group stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $312.34, for a total transaction of $3,228,346.24. Insiders sold 37,336 shares of company stock valued at $11,893,276 in the last ninety days. 0.80% of the stock is owned by corporate insiders.

Shares of UnitedHealth Group stock traded up $0.59 during trading on Wednesday, hitting $324.00. 105,635 shares of the company’s stock were exchanged, compared to its average volume of 4,234,459. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50-day simple moving average of $312.54 and a 200-day simple moving average of $299.35. UnitedHealth Group Inc has a 52-week low of $187.72 and a 52-week high of $333.70. The stock has a market capitalization of $307.35 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.44 and a beta of 0.68.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Monday, October 19th. The healthcare conglomerate reported $3.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.53. UnitedHealth Group had a net margin of 6.90% and a return on equity of 29.28%. The firm had revenue of $65.12 billion during the quarter, compared to analysts’ expectations of $63.97 billion. During the same quarter last year, the company posted $3.88 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that UnitedHealth Group Inc will post 16.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Monday, September 14th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $5.00 dividend on an annualized basis and a yield of 1.54%. UnitedHealth Group’s payout ratio is 33.09%.

UnitedHealth Group Company Profile

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 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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