IBM Retirement Fund lessened its stake in UnitedHealth Group Inc (NYSE:UNH) by 12.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,517 shares of the healthcare conglomerate’s stock after selling 2,807 shares during the period. UnitedHealth Group comprises approximately 1.0% of IBM Retirement Fund’s portfolio, making the stock its 16th largest position. IBM Retirement Fund’s holdings in UnitedHealth Group were worth $4,788,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ballentine Partners LLC raised its holdings in shares of UnitedHealth Group by 2.3% in the second quarter. Ballentine Partners LLC now owns 9,038 shares of the healthcare conglomerate’s stock valued at $2,218,000 after buying an additional 202 shares during the last quarter. Nikulski Financial Inc. increased its stake in shares of UnitedHealth Group by 1.8% during the second quarter. Nikulski Financial Inc. now owns 11,759 shares of the healthcare conglomerate’s stock worth $2,885,000 after acquiring an additional 205 shares during the period. Trustcore Financial Services LLC increased its stake in shares of UnitedHealth Group by 34.1% during the second quarter. Trustcore Financial Services LLC now owns 810 shares of the healthcare conglomerate’s stock worth $199,000 after acquiring an additional 206 shares during the period. Lara May & Associates LLC increased its stake in shares of UnitedHealth Group by 22.2% during the first quarter. Lara May & Associates LLC now owns 1,146 shares of the healthcare conglomerate’s stock worth $246,000 after acquiring an additional 208 shares during the period. Finally, Liberty Capital Management Inc. grew its position in UnitedHealth Group by 1.3% during the second quarter. Liberty Capital Management Inc. now owns 15,739 shares of the healthcare conglomerate’s stock worth $3,861,000 after buying an additional 209 shares during the period. Hedge funds and other institutional investors own 85.35% of the company’s stock.

Several brokerages have issued reports on UNH. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 19th. Barclays upped their price target on shares of UnitedHealth Group from $265.00 to $280.00 and gave the company an “overweight” rating in a report on Friday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $300.00 price target on shares of UnitedHealth Group in a report on Thursday, July 5th. Jefferies Financial Group upped their price objective on shares of UnitedHealth Group from $270.00 to $311.00 and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Finally, BMO Capital Markets upped their price objective on shares of UnitedHealth Group from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Thursday, June 21st. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. UnitedHealth Group currently has an average rating of “Buy” and an average target price of $279.26.

In other news, CEO Steven H. Nelson sold 8,142 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $265.00, for a total value of $2,157,630.00. Following the transaction, the chief executive officer now directly owns 22,496 shares in the company, valued at approximately $5,961,440. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven H. Nelson sold 26,033 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $270.65, for a total transaction of $7,045,831.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,745 shares of company stock valued at $24,995,290. 0.87% of the stock is owned by company insiders.

UNH traded up $2.49 during trading hours on Friday, reaching $259.61. 3,872,525 shares of the stock traded hands, compared to its average volume of 3,079,966. The firm has a market cap of $256.06 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.58 and a beta of 0.73. UnitedHealth Group Inc has a fifty-two week low of $186.00 and a fifty-two week high of $272.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.63.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, July 17th. The healthcare conglomerate reported $3.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.04 by $0.10. The business had revenue of $56.09 billion during the quarter, compared to analyst estimates of $56.10 billion. UnitedHealth Group had a net margin of 5.55% and a return on equity of 22.79%. The business’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business earned $2.46 EPS. On average, analysts forecast that UnitedHealth Group Inc will post 12.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, September 6th. UnitedHealth Group’s dividend payout ratio is currently 35.75%.

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 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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