AdvisorNet Financial Inc Raises Stock Holdings in UnitedHealth Group Inc (NYSE:UNH)

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AdvisorNet Financial Inc raised its stake in UnitedHealth Group Inc (NYSE:UNH) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,912 shares of the healthcare conglomerate’s stock after acquiring an additional 3,001 shares during the quarter. AdvisorNet Financial Inc’s holdings in UnitedHealth Group were worth $5,347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of UnitedHealth Group by 3.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,132 shares of the healthcare conglomerate’s stock worth $280,000 after purchasing an additional 43 shares in the last quarter. CRA Financial Services LLC lifted its position in shares of UnitedHealth Group by 2.7% in the first quarter. CRA Financial Services LLC now owns 1,792 shares of the healthcare conglomerate’s stock worth $444,000 after purchasing an additional 47 shares in the last quarter. Pratt Collard Advisory Partners LLC lifted its position in shares of UnitedHealth Group by 5.7% in the first quarter. Pratt Collard Advisory Partners LLC now owns 877 shares of the healthcare conglomerate’s stock worth $217,000 after purchasing an additional 47 shares in the last quarter. Squar Milner Financial Services LLC lifted its position in shares of UnitedHealth Group by 2.3% in the first quarter. Squar Milner Financial Services LLC now owns 2,073 shares of the healthcare conglomerate’s stock worth $512,000 after purchasing an additional 47 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in shares of UnitedHealth Group by 0.6% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 8,407 shares of the healthcare conglomerate’s stock worth $2,094,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Shares of NYSE UNH opened at $244.25 on Friday. The firm has a market cap of $230.48 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61. The company has a 50 day simple moving average of $251.29 and a 200 day simple moving average of $247.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.67 and a quick ratio of 0.67. UnitedHealth Group Inc has a 1 year low of $208.07 and a 1 year high of $287.94.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.46 by $0.14. The business had revenue of $60.60 billion during the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.14 EPS. As a group, research analysts anticipate that UnitedHealth Group Inc will post 14.82 earnings per share for the current fiscal year.

In other UnitedHealth Group news, Director Richard T. Burke sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $241.99, for a total transaction of $2,419,900.00. Following the transaction, the director now directly owns 187,663 shares in the company, valued at approximately $45,412,569.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard T. Burke sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $246.40, for a total value of $1,232,000.00. Following the transaction, the director now owns 187,979 shares in the company, valued at $46,318,025.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,000 shares of company stock valued at $9,195,620. Insiders own 0.87% of the company’s stock.

UNH has been the topic of a number of research reports. Royal Bank of Canada set a $311.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Raymond James boosted their target price on shares of UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their target price on shares of UnitedHealth Group from $285.00 to $298.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Cleveland Research reiterated a “buy” rating on shares of UnitedHealth Group in a report on Monday, July 15th. Finally, Citigroup upgraded shares of UnitedHealth Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $247.00 to $280.00 in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $295.06.

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 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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