Ardsley Advisory Partners LP Cuts Stock Holdings in UnitedHealth Group Inc (NYSE:UNH)

Ardsley Advisory Partners LP trimmed its holdings in shares of UnitedHealth Group Inc (NYSE:UNH) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,000 shares of the healthcare conglomerate’s stock after selling 1,000 shares during the period. Ardsley Advisory Partners LP’s holdings in UnitedHealth Group were worth $2,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Canton Hathaway LLC purchased a new stake in UnitedHealth Group during the first quarter valued at about $36,000. Coastal Capital Group Inc. purchased a new stake in UnitedHealth Group during the second quarter valued at about $45,000. Creative Financial Designs Inc. ADV boosted its position in UnitedHealth Group by 89.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 201 shares of the healthcare conglomerate’s stock valued at $50,000 after buying an additional 95 shares during the period. Capital Advisors Ltd. LLC boosted its position in UnitedHealth Group by 235.7% during the second quarter. Capital Advisors Ltd. LLC now owns 235 shares of the healthcare conglomerate’s stock valued at $57,000 after buying an additional 165 shares during the period. Finally, Financial Gravity Wealth Inc. purchased a new stake in UnitedHealth Group during the first quarter valued at about $58,000. Institutional investors and hedge funds own 86.04% of the company’s stock.

In related news, Director Timothy Patrick Flynn purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average cost of $227.55 per share, with a total value of $455,100.00. Following the completion of the purchase, the director now directly owns 5,524 shares in the company, valued at $1,256,986.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,232,000.00. Following the completion of the transaction, the director now directly 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 three months, insiders sold 19,000 shares of company stock valued at $4,758,720. 0.82% of the stock is owned by insiders.

UNH has been the subject of several analyst reports. Cantor Fitzgerald set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Friday, July 19th. Raymond James increased their target price on shares of UnitedHealth Group from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Cleveland Research reiterated a “buy” rating on shares of UnitedHealth Group in a report on Monday, July 15th. Morgan Stanley increased their target price on shares of UnitedHealth Group from $285.00 to $298.00 and gave the stock an “overweight” rating in a report on Friday, July 12th. Finally, Oppenheimer set a $312.00 target price on shares of UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $294.11.

UnitedHealth Group stock opened at $234.21 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $241.01 and a 200-day moving average of $243.65. The firm has a market cap of $218.61 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.23 and a beta of 0.62. UnitedHealth Group Inc has a 1-year low of $208.07 and a 1-year high of $287.94.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Thursday, July 18th. The healthcare conglomerate reported $3.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.46 by $0.14. The company had revenue of $60.60 billion during the quarter, compared to analyst estimates of $60.59 billion. UnitedHealth Group had a net margin of 5.51% and a return on equity of 25.20%. UnitedHealth Group’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.14 earnings per share. Research analysts forecast that UnitedHealth Group Inc will post 14.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Monday, September 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, September 13th. UnitedHealth Group’s payout ratio is currently 33.54%.

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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