First Citizens Financial Corp Buys Shares of 1,171 UnitedHealth Group Inc (NYSE:UNH)

First Citizens Financial Corp bought a new stake in UnitedHealth Group Inc (NYSE:UNH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,171 shares of the healthcare conglomerate’s stock, valued at approximately $345,000.

Other institutional investors have also recently bought and sold shares of the company. Ashfield Capital Partners LLC grew its holdings in UnitedHealth Group by 10.1% in the first quarter. Ashfield Capital Partners LLC now owns 69,551 shares of the healthcare conglomerate’s stock valued at $17,345,000 after purchasing an additional 6,395 shares during the last quarter. MU Investments Co. Ltd. lifted its position in shares of UnitedHealth Group by 4.1% in the first quarter. MU Investments Co. Ltd. now owns 16,870 shares of the healthcare conglomerate’s stock valued at $4,239,000 after acquiring an additional 670 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of UnitedHealth Group by 2.7% in the first quarter. Dupont Capital Management Corp now owns 89,381 shares of the healthcare conglomerate’s stock valued at $22,290,000 after acquiring an additional 2,314 shares in the last quarter. Cim Investment Mangement Inc. lifted its position in shares of UnitedHealth Group by 3.8% in the first quarter. Cim Investment Mangement Inc. now owns 4,401 shares of the healthcare conglomerate’s stock valued at $1,098,000 after acquiring an additional 163 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of UnitedHealth Group by 14.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,058 shares of the healthcare conglomerate’s stock valued at $312,000 after acquiring an additional 137 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

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

UnitedHealth Group (NYSE:UNH) last announced its earnings results on Wednesday, July 15th. The healthcare conglomerate reported $7.12 earnings per share for the quarter, beating the consensus estimate of $5.28 by $1.84. UnitedHealth Group had a return on equity of 29.28% and a net margin of 6.90%. The firm had revenue of $62.10 billion for the quarter, compared to the consensus estimate of $63.54 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts expect that UnitedHealth Group Inc will post 16.57 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on UnitedHealth Group from $283.00 to $295.00 and gave the company a “hold” rating in a research report on Friday, July 10th. Mizuho reiterated a “buy” rating and set a $315.00 target price on shares of UnitedHealth Group in a research report on Wednesday, July 15th. Deutsche Bank increased their target price on UnitedHealth Group from $293.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. SVB Leerink increased their target price on UnitedHealth Group from $360.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, ValuEngine downgraded UnitedHealth Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $338.46.

In other news, CFO John F. Rex sold 22,174 shares of UnitedHealth Group stock in a transaction on Friday, July 17th. The stock was sold at an average price of $308.43, for a total transaction of $6,839,126.82. Following the transaction, the chief financial officer now directly owns 157,847 shares in the company, valued at approximately $48,684,750.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen J. Hemsley sold 45,637 shares of UnitedHealth Group stock in a transaction on Monday, May 11th. The shares were sold at an average price of $289.11, for a total value of $13,194,113.07. Following the transaction, the director now owns 1,013,122 shares in the company, valued at $292,903,701.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 136,823 shares of company stock worth $41,187,284. 0.80% of the stock is owned by insiders.

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 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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