Todays Report: Today: Daiwa SB Investments Ltd. Raises Stake in UnitedHealth Group Inc. (UNH)

Today: Daiwa SB Investments Ltd. Raises Stake in UnitedHealth Group Inc. (UNH)

Daiwa SB Investments Ltd. boosted its position in shares of UnitedHealth Group Inc. (NYSE:UNH) by 0.2% during the third quarter, Holdings Channel reports. The fund owned 44,100 shares of the healthcare conglomerate’s stock after buying an additional 100 shares during the period. UnitedHealth Group comprises 1.6% of Daiwa SB Investments Ltd.’s investment portfolio, making the stock its 29th largest position. Daiwa SB Investments Ltd.’s holdings in UnitedHealth Group were worth $6,174,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UNH. Perkins Coie Trust Co increased its stake in shares of UnitedHealth Group by 1.7% in the second quarter. Perkins Coie Trust Co now owns 18,516 shares of the healthcare conglomerate’s stock worth $2,614,000 after buying an additional 312 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of UnitedHealth Group by 2.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,095,944 shares of the healthcare conglomerate’s stock worth $154,747,000 after buying an additional 28,945 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of UnitedHealth Group by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 246,116 shares of the healthcare conglomerate’s stock worth $34,752,000 after buying an additional 14,650 shares during the last quarter. DNB Asset Management AS increased its stake in shares of UnitedHealth Group by 5.1% in the second quarter. DNB Asset Management AS now owns 573,902 shares of the healthcare conglomerate’s stock worth $81,035,000 after buying an additional 27,800 shares during the last quarter. Finally, Washington Trust Bank increased its stake in shares of UnitedHealth Group by 0.4% in the second quarter. Washington Trust Bank now owns 29,319 shares of the healthcare conglomerate’s stock worth $4,140,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.

UnitedHealth Group Inc. (NYSE:UNH) traded down 0.46% during midday trading on Monday, reaching $152.11. 5,023,544 shares of the company traded hands. The firm has a 50 day moving average of $143.37 and a 200-day moving average of $139.61. The stock has a market capitalization of $144.61 billion, a price-to-earnings ratio of 25.31 and a beta of 0.63. UnitedHealth Group Inc. has a 12 month low of $107.51 and a 12 month high of $154.50.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 18th. The healthcare conglomerate reported $2.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.09. UnitedHealth Group had a net margin of 3.62% and a return on equity of 19.92%. The business had revenue of $46.30 billion for the quarter, compared to analyst estimates of $46.09 billion. During the same quarter in the previous year, the business earned $1.77 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Analysts forecast that UnitedHealth Group Inc. will post $8.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.64%. UnitedHealth Group’s dividend payout ratio is currently 36.93%.

A number of research analysts have issued reports on the stock. Leerink Swann reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Wednesday, November 23rd. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $160.00 target price (up from $155.00) on shares of UnitedHealth Group in a report on Friday, October 21st. Mizuho increased their target price on shares of UnitedHealth Group from $160.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, October 19th. Vetr cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $144.66 target price for the company. in a report on Tuesday, October 18th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $158.03.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 325 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $144.99, for a total value of $47,121.75. Following the transaction, the director now owns 28,613 shares in the company, valued at approximately $4,148,598.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard T. Burke sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $135.31, for a total transaction of $5,412,400.00. Following the completion of the transaction, the director now owns 2,003,550 shares in the company, valued at approximately $271,100,350.50. The disclosure for this sale can be found here. Insiders own 1.65% of the company’s stock.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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