State of Wisconsin Investment Board Buys 8,000 Shares of UnitedHealth Group (UNH)

State of Wisconsin Investment Board raised its stake in shares of UnitedHealth Group (NYSE:UNH) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,307,733 shares of the healthcare conglomerate’s stock after purchasing an additional 8,000 shares during the quarter. UnitedHealth Group accounts for 0.8% of State of Wisconsin Investment Board’s portfolio, making the stock its 16th largest holding. State of Wisconsin Investment Board owned approximately 0.14% of UnitedHealth Group worth $279,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of UnitedHealth Group by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 9,969,166 shares of the healthcare conglomerate’s stock worth $2,193,088,000 after acquiring an additional 395,090 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of UnitedHealth Group by 1.3% in the 4th quarter. Alliancebernstein L.P. now owns 7,334,593 shares of the healthcare conglomerate’s stock worth $1,616,984,000 after acquiring an additional 96,727 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of UnitedHealth Group by 10.2% in the 4th quarter. Jennison Associates LLC now owns 6,107,513 shares of the healthcare conglomerate’s stock worth $1,346,462,000 after acquiring an additional 565,536 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of UnitedHealth Group by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 5,153,894 shares of the healthcare conglomerate’s stock worth $1,009,355,000 after acquiring an additional 68,196 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of UnitedHealth Group by 3.5% in the 1st quarter. American Century Companies Inc. now owns 5,116,815 shares of the healthcare conglomerate’s stock worth $1,094,998,000 after acquiring an additional 173,074 shares in the last quarter. 85.10% of the stock is currently owned by institutional investors.

Shares of UnitedHealth Group opened at $245.18 on Wednesday, MarketBeat reports. The firm has a market cap of $235.09 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75. UnitedHealth Group has a 52 week low of $173.71 and a 52 week high of $250.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.71 and a quick ratio of 0.71.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, April 17th. The healthcare conglomerate reported $3.04 EPS for the quarter, beating the consensus estimate of $2.91 by $0.13. The company had revenue of $55.19 billion during the quarter, compared to analysts’ expectations of $54.90 billion. UnitedHealth Group had a net margin of 5.41% and a return on equity of 22.06%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 EPS. sell-side analysts forecast that UnitedHealth Group will post 12.61 EPS for the current year.

In related news, insider Larry C. Renfro sold 22,184 shares of the company’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $228.94, for a total value of $5,078,804.96. Following the completion of the sale, the insider now owns 173,229 shares in the company, valued at approximately $39,659,047.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard T. Burke sold 10,400 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $229.87, for a total transaction of $2,390,648.00. Following the completion of the sale, the director now owns 1,781,657 shares of the company’s stock, valued at approximately $409,549,494.59. The disclosure for this sale can be found here. Insiders have sold a total of 72,019 shares of company stock valued at $16,550,733 in the last quarter. Corporate insiders own 0.87% of the company’s stock.

Several research analysts have recently commented on the company. Sanford C. Bernstein set a $275.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a report on Wednesday, April 18th. ValuEngine upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th. Oppenheimer boosted their price objective on shares of UnitedHealth Group from $260.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 18th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $270.00 price objective on shares of UnitedHealth Group in a research report on Wednesday, April 18th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $253.70.

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.

Institutional Ownership by Quarter for UnitedHealth Group (NYSE:UNH)

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