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Mitsubishi UFJ Trust & Banking Corp Trims Holdings in UnitedHealth Group Inc (UNH)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 59.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 870,256 shares of the healthcare conglomerate’s stock after selling 1,255,987 shares during the quarter. UnitedHealth Group accounts for 0.8% of Mitsubishi UFJ Trust & Banking Corp’s investment portfolio, making the stock its 16th largest position. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of UnitedHealth Group worth $231,523,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Welch Group LLC purchased a new position in UnitedHealth Group during the 2nd quarter worth $106,000. FNY Investment Advisers LLC purchased a new position in UnitedHealth Group during the 3rd quarter worth $106,000. Fort L.P. purchased a new position in UnitedHealth Group during the 2nd quarter worth $119,000. Polaris Greystone Financial Group LLC purchased a new position in UnitedHealth Group during the 3rd quarter worth $120,000. Finally, Columbia Asset Management purchased a new position in UnitedHealth Group during the 3rd quarter worth $152,000. Institutional investors own 85.57% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Cantor Fitzgerald reissued a “buy” rating and set a $310.00 price objective on shares of UnitedHealth Group in a research report on Wednesday, November 21st. BMO Capital Markets set a $310.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a research report on Tuesday, November 27th. Oppenheimer raised their price objective on shares of UnitedHealth Group from $295.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 28th. Finally, Piper Jaffray Companies raised their price objective on shares of UnitedHealth Group to $312.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 28th. Two equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. UnitedHealth Group currently has an average rating of “Buy” and an average price target of $292.48.

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In related news, CEO Steven H. Nelson sold 26,033 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $270.65, for a total transaction of $7,045,831.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth Irwin Shine sold 163 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $274.83, for a total transaction of $44,797.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,428 shares of company stock worth $16,232,134. Insiders own 0.87% of the company’s stock.

Shares of NYSE:UNH opened at $278.55 on Thursday. The stock has a market capitalization of $270.68 billion, a PE ratio of 27.66, a PEG ratio of 1.65 and a beta of 0.76. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. UnitedHealth Group Inc has a fifty-two week low of $208.48 and a fifty-two week high of $287.94.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.30 by $0.11. The business had revenue of $56.56 billion for the quarter, compared to the consensus estimate of $56.34 billion. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.66 earnings per share. On average, equities analysts predict that UnitedHealth Group Inc will post 12.82 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Monday, December 3rd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, November 30th. UnitedHealth Group’s payout ratio is 35.75%.

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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.

See Also: Diversification

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

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