Harvest Fund Management Co. Ltd Has $287,000 Position in UnitedHealth Group Incorporated (NYSE:UNH)

Harvest Fund Management Co. Ltd continued to hold its position in shares of UnitedHealth Group Incorporated (NYSE:UNH) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,749 shares of the healthcare conglomerate’s stock at the end of the first quarter. Harvest Fund Management Co. Ltd’s holdings in UnitedHealth Group were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Retirement Systems of Alabama raised its position in shares of UnitedHealth Group by 2.5% in the first quarter. Retirement Systems of Alabama now owns 640,240 shares of the healthcare conglomerate’s stock worth $105,006,000 after buying an additional 15,403 shares during the period. Honeywell International Inc. acquired a new position in shares of UnitedHealth Group during the first quarter worth about $35,262,000. Baldwin Brothers Inc. MA raised its position in shares of UnitedHealth Group by 20.7% in the first quarter. Baldwin Brothers Inc. MA now owns 1,249 shares of the healthcare conglomerate’s stock worth $205,000 after buying an additional 214 shares during the period. Harwood Advisory Group LLC raised its position in shares of UnitedHealth Group by 0.8% in the first quarter. Harwood Advisory Group LLC now owns 1,885 shares of the healthcare conglomerate’s stock worth $309,000 after buying an additional 15 shares during the period. Finally, Mn Services Vermogensbeheer B.V. increased its stake in UnitedHealth Group by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 25,730 shares of the healthcare conglomerate’s stock worth $3,946,000 after buying an additional 970 shares in the last quarter. Institutional investors and hedge funds own 86.21% of the company’s stock.

Shares of UnitedHealth Group Incorporated (NYSE UNH) opened at 190.82 on Friday. UnitedHealth Group Incorporated has a one year low of $132.39 and a one year high of $196.04. The company has a 50-day moving average price of $190.49 and a 200 day moving average price of $175.87. The stock has a market cap of $184.50 billion, a price-to-earnings ratio of 22.92 and a beta of 0.64.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The company had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. During the same quarter in the prior year, the company earned $1.96 earnings per share. UnitedHealth Group’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s dividend payout ratio is 35.13%.

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A number of research firms have weighed in on UNH. UBS AG reissued a “buy” rating and set a $194.00 target price (up previously from $193.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $215.00 price objective on shares of UnitedHealth Group in a research report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $205.00 price objective (up previously from $200.00) on shares of UnitedHealth Group in a research report on Saturday, April 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $190.00 price objective on shares of UnitedHealth Group in a research report on Monday, July 10th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price objective (up previously from $195.00) on shares of UnitedHealth Group in a research report on Thursday, July 13th. One research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. UnitedHealth Group has an average rating of “Buy” and a consensus target price of $203.41.

In other news, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gail R. Wilensky sold 5,540 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $178.74, for a total value of $990,219.60. Following the completion of the transaction, the director now directly owns 60,516 shares in the company, valued at approximately $10,816,629.84. The disclosure for this sale can be found here. In the last three months, insiders sold 15,540 shares of company stock worth $2,873,320. 0.89% of the stock is owned by corporate insiders.

About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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

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