UnitedHealth Group Inc (UNH) Shares Bought by Sunbelt Securities Inc.
Sunbelt Securities Inc. boosted its holdings in UnitedHealth Group Inc (NYSE:UNH) by 148.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,912 shares of the healthcare conglomerate’s stock after acquiring an additional 1,738 shares during the period. Sunbelt Securities Inc. owned 301.18% of UnitedHealth Group worth $570,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Chip Partners Inc. purchased a new position in UnitedHealth Group in the 2nd quarter valued at about $110,000. Bruderman Asset Management LLC purchased a new position in shares of UnitedHealth Group during the 2nd quarter worth about $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of UnitedHealth Group by 433.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after acquiring an additional 520 shares during the period. BDO Wealth Advisors LLC purchased a new position in shares of UnitedHealth Group during the 2nd quarter worth about $121,000. Finally, Acrospire Investment Management LLC lifted its holdings in shares of UnitedHealth Group by 130.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock worth $131,000 after acquiring an additional 400 shares during the period. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
UNH has been the topic of several recent analyst reports. ValuEngine lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Sanford C. Bernstein reiterated an “outperform” rating and set a $210.00 price objective on shares of UnitedHealth Group in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Jefferies Group increased their price objective on shares of UnitedHealth Group from $215.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BMO Capital Markets started coverage on shares of UnitedHealth Group in a report on Monday, October 16th. They issued an “outperform” rating and a $250.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $243.22.
UnitedHealth Group Inc (UNH) opened at $247.41 on Tuesday. UnitedHealth Group Inc has a one year low of $156.49 and a one year high of $250.79. The stock has a market capitalization of $239,210.00, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.45 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.73.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. The firm had revenue of $52.06 billion for the quarter, compared to analysts’ expectations of $51.57 billion. During the same period last year, the business posted $2.11 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. analysts predict that UnitedHealth Group Inc will post 12.51 EPS for the current fiscal year.
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UnitedHealth Group Profile
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.
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