Abner Herrman & Brock LLC Lifted Holding in UnitedHealth Group Inc (UNH)

Abner Herrman & Brock LLC Lifted Holding in UnitedHealth Group Inc (UNH)

Abner Herrman & Brock LLC increased its holdings in UnitedHealth Group Inc (NYSE:UNH) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,226 shares of the healthcare conglomerate’s stock after purchasing an additional 2,872 shares during the period. UnitedHealth Group makes up about 2.0% of Abner Herrman & Brock LLC’s holdings, making the stock its 21st biggest holding. Abner Herrman & Brock LLC’s holdings in UnitedHealth Group were worth $10,768,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. JLB & Associates Inc. boosted its stake in shares of UnitedHealth Group by 61.7% in the 4th quarter. JLB & Associates Inc. now owns 10,911 shares of the healthcare conglomerate’s stock valued at $2,718,000 after purchasing an additional 4,163 shares in the last quarter. First Hawaiian Bank boosted its position in UnitedHealth Group by 2.4% during the 4th quarter. First Hawaiian Bank now owns 28,754 shares of the healthcare conglomerate’s stock valued at $7,164,000 after buying an additional 663 shares during the period. Acropolis Investment Management LLC boosted its position in UnitedHealth Group by 6.3% during the 4th quarter. Acropolis Investment Management LLC now owns 15,063 shares of the healthcare conglomerate’s stock valued at $3,753,000 after buying an additional 892 shares during the period. State of Alaska Department of Revenue boosted its position in UnitedHealth Group by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 144,576 shares of the healthcare conglomerate’s stock valued at $36,015,000 after buying an additional 533 shares during the period. Finally, United Capital Management of KS Inc. boosted its position in UnitedHealth Group by 29.8% during the 4th quarter. United Capital Management of KS Inc. now owns 1,132 shares of the healthcare conglomerate’s stock valued at $282,000 after buying an additional 260 shares during the period. 85.28% of the stock is owned by institutional investors.

Shares of NYSE:UNH traded up $0.57 on Friday, hitting $245.44. The company had a trading volume of 1,719,642 shares, compared to its average volume of 4,239,340. UnitedHealth Group Inc has a 1 year low of $208.48 and a 1 year high of $287.94. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.61. The stock has a market cap of $234.39 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 1.23 and a beta of 0.88.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 16th. The healthcare conglomerate reported $3.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.30 by $0.11. UnitedHealth Group had a net margin of 5.71% and a return on equity of 23.62%. The firm had revenue of $56.56 billion during the quarter, compared to analysts’ expectations of $56.34 billion. During the same period last year, the company posted $2.66 EPS. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts forecast that UnitedHealth Group Inc will post 12.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 13th. Investors of record on Monday, December 3rd were paid a $0.90 dividend. The ex-dividend date was Friday, November 30th. This represents a $3.60 annualized dividend and a dividend yield of 1.47%. UnitedHealth Group’s payout ratio is 35.75%.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 price target for the company in a research report on Saturday, January 5th. Argus increased their price target on shares of UnitedHealth Group from $285.00 to $295.00 and gave the company a “buy” rating in a research report on Monday, December 17th. Raymond James set a $310.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a research report on Wednesday, November 28th. Oppenheimer increased their price target on shares of UnitedHealth Group from $295.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, November 28th. Finally, Piper Jaffray Companies increased their price target on shares of UnitedHealth Group to $312.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. One equities research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. UnitedHealth Group presently has a consensus rating of “Buy” and a consensus price target of $292.33.

In related news, Director Kenneth Irwin Shine sold 163 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $274.83, for a total value of $44,797.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard T. Burke sold 6,090 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $281.72, for a total transaction of $1,715,674.80. Following the completion of the transaction, the director now owns 1,711,584 shares of the company’s stock, valued at $482,187,444.48. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

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 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.

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