EFG Asset Management Americas Corp. Trims Position in UnitedHealth Group Inc (NYSE:UNH)

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EFG Asset Management Americas Corp. decreased its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 46.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,693 shares of the healthcare conglomerate’s stock after selling 7,686 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in UnitedHealth Group were worth $2,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Successful Portfolios LLC grew its holdings in shares of UnitedHealth Group by 2.2% in the 2nd quarter. Successful Portfolios LLC now owns 1,558 shares of the healthcare conglomerate’s stock worth $460,000 after purchasing an additional 34 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in shares of UnitedHealth Group by 6.6% in the 1st quarter. Ellis Investment Partners LLC now owns 568 shares of the healthcare conglomerate’s stock worth $134,000 after purchasing an additional 35 shares during the last quarter. Investment Counsel Inc. grew its holdings in shares of UnitedHealth Group by 1.4% in the 2nd quarter. Investment Counsel Inc. now owns 2,575 shares of the healthcare conglomerate’s stock worth $759,000 after purchasing an additional 35 shares during the last quarter. Bfsg LLC grew its holdings in shares of UnitedHealth Group by 1.7% in the 2nd quarter. Bfsg LLC now owns 2,083 shares of the healthcare conglomerate’s stock worth $614,000 after purchasing an additional 35 shares during the last quarter. Finally, Parkside Investments LLC grew its holdings in shares of UnitedHealth Group by 0.3% in the 2nd quarter. Parkside Investments LLC now owns 13,409 shares of the healthcare conglomerate’s stock worth $3,955,000 after purchasing an additional 35 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Richard T. Burke sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $303.50, for a total value of $3,035,000.00. Following the completion of the sale, the director now directly owns 159,215 shares of the company’s stock, valued at approximately $48,321,752.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John F. Rex sold 22,174 shares of the company’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of $308.43, for a total value of $6,839,126.82. Following the completion of the sale, the chief financial officer now directly owns 157,847 shares of the company’s stock, valued at $48,684,750.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,823 shares of company stock valued at $41,187,284. 0.80% of the stock is currently owned by company insiders.

UnitedHealth Group stock traded down $2.45 during trading hours on Friday, reaching $302.78. 3,913,650 shares of the company’s stock traded hands, compared to its average volume of 2,651,007. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.84. UnitedHealth Group Inc has a fifty-two week low of $187.72 and a fifty-two week high of $315.84. The firm has a market capitalization of $287.15 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.45 and a beta of 0.72. The firm’s 50 day moving average is $296.35 and its 200-day moving average is $283.67.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Wednesday, July 15th. The healthcare conglomerate reported $7.12 EPS for the quarter, beating analysts’ consensus estimates of $5.28 by $1.84. The company had revenue of $62.10 billion during the quarter, compared to analysts’ expectations of $63.54 billion. UnitedHealth Group had a return on equity of 29.28% and a net margin of 6.90%. UnitedHealth Group’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 EPS. Analysts predict that UnitedHealth Group Inc will post 16.57 EPS for the current year.

Several research firms have recently weighed in on UNH. Piper Sandler upped their target price on shares of UnitedHealth Group from $339.00 to $350.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Morgan Stanley reiterated a “buy” rating and set a $371.00 price target on shares of UnitedHealth Group in a research report on Thursday, July 16th. ValuEngine downgraded shares of UnitedHealth Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. Raymond James upped their price target on shares of UnitedHealth Group from $325.00 to $350.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. Finally, Citigroup upped their price target on shares of UnitedHealth Group from $339.00 to $357.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $338.46.

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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