CHICAGO TRUST Co NA Purchases 477 Shares of UnitedHealth Group Inc (NYSE:UNH)

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CHICAGO TRUST Co NA boosted its stake in UnitedHealth Group Inc (NYSE:UNH) by 3.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,320 shares of the healthcare conglomerate’s stock after purchasing an additional 477 shares during the quarter. UnitedHealth Group comprises approximately 1.2% of CHICAGO TRUST Co NA’s holdings, making the stock its 26th largest holding. CHICAGO TRUST Co NA’s holdings in UnitedHealth Group were worth $2,895,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Tokio Marine Asset Management Co. Ltd. raised its position in shares of UnitedHealth Group by 7.5% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 76,233 shares of the healthcare conglomerate’s stock worth $18,849,000 after purchasing an additional 5,345 shares during the period. Kays Financial Advisory Corp ADV raised its position in shares of UnitedHealth Group by 2.1% during the first quarter. Kays Financial Advisory Corp ADV now owns 6,526 shares of the healthcare conglomerate’s stock worth $1,614,000 after purchasing an additional 136 shares during the period. Squar Milner Financial Services LLC raised its position in shares of UnitedHealth Group by 2.3% during 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 during the period. Ellis Investment Partners LLC acquired a new stake in shares of UnitedHealth Group during the first quarter worth about $85,000. Finally, Founders Financial Securities LLC raised its position in shares of UnitedHealth Group by 22.3% during the first quarter. Founders Financial Securities LLC now owns 1,768 shares of the healthcare conglomerate’s stock worth $407,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 85.66% of the company’s stock.

Shares of NYSE:UNH traded up $1.97 during mid-day trading on Wednesday, reaching $222.08. 4,143,866 shares of the stock were exchanged, compared to its average volume of 4,550,181. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.62. The company has a market cap of $208.30 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.17 and a beta of 0.60. UnitedHealth Group Inc has a one year low of $208.07 and a one year high of $287.94. The stock’s 50 day simple moving average is $227.85 and its 200-day simple moving average is $240.32.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 return on equity of 25.20% and a net margin of 5.51%. UnitedHealth Group’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $3.14 earnings per share. Analysts anticipate that UnitedHealth Group Inc will post 14.83 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Monday, September 16th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.95%. UnitedHealth Group’s payout ratio is presently 33.54%.

UNH has been the topic of a number of research analyst reports. Cantor Fitzgerald set a $310.00 price target on UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. ValuEngine raised UnitedHealth Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cleveland Research reaffirmed a “buy” rating on shares of UnitedHealth Group in a research report on Monday, July 15th. Zacks Investment Research raised UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price target on the stock in a research report on Monday, July 22nd. Finally, Royal Bank of Canada set a $311.00 price target on UnitedHealth Group and gave the stock a “buy” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $286.65.

In related news, Director William C. Ballard, Jr. sold 12,000 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $255.31, for a total transaction of $3,063,720.00. Following the completion of the transaction, the director now directly owns 61,309 shares in the company, valued at $15,652,800.79. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard T. Burke sold 5,000 shares of the stock in a transaction dated Thursday, August 8th. The stock was 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 of the company’s stock, valued at $46,318,025.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,000 shares of company stock valued at $5,924,120. 0.82% of the stock is owned by corporate insiders.

UnitedHealth Group 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 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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