TRU Independence Asset Management 2 LLC Makes New Investment in

TRU Independence Asset Management 2 LLC bought a new position in shares of UnitedHealth Group Incorporated (NYSE:UNH) in the third quarter, HoldingsChannel reports. The firm bought 525 shares of the healthcare conglomerate’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. CFM Wealth Partners LLC raised its holdings in shares of UnitedHealth Group by 1.7% in the 3rd quarter. CFM Wealth Partners LLC now owns 1,355 shares of the healthcare conglomerate’s stock worth $529,000 after purchasing an additional 23 shares during the period. PFG Private Wealth Management LLC increased its holdings in UnitedHealth Group by 2.7% during the 3rd quarter. PFG Private Wealth Management LLC now owns 906 shares of the healthcare conglomerate’s stock worth $354,000 after purchasing an additional 24 shares during the last quarter. Foster Group Inc. increased its holdings in UnitedHealth Group by 1.0% during the 2nd quarter. Foster Group Inc. now owns 2,466 shares of the healthcare conglomerate’s stock worth $987,000 after purchasing an additional 25 shares during the last quarter. Waters Parkerson & CO. LLC grew its position in shares of UnitedHealth Group by 3.2% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 807 shares of the healthcare conglomerate’s stock worth $323,000 after acquiring an additional 25 shares in the last quarter. Finally, Wealthcare Capital Management LLC raised its stake in shares of UnitedHealth Group by 4.5% in the 2nd quarter. Wealthcare Capital Management LLC now owns 584 shares of the healthcare conglomerate’s stock worth $234,000 after buying an additional 25 shares in the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

In other UnitedHealth Group news, Director Stephen J. Hemsley sold 75,000 shares of the company’s stock in a transaction on Monday, October 25th. The shares were sold at an average price of $448.72, for a total transaction of $33,654,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard T. Burke sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of $444.70, for a total transaction of $1,111,750.00. The disclosure for this sale can be found here. Corporate insiders own 0.55% of the company’s stock.

A number of analysts have recently commented on the company. The Goldman Sachs Group initiated coverage on UnitedHealth Group in a research note on Tuesday, December 14th. They issued a “buy” rating and a $535.00 price objective on the stock. Oppenheimer boosted their target price on UnitedHealth Group from $465.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, October 15th. Evercore ISI upped their price target on UnitedHealth Group from $360.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, October 15th. Credit Suisse Group upped their price target on UnitedHealth Group from $462.00 to $495.00 and gave the stock an “outperform” rating in a research note on Friday, October 15th. Finally, UBS Group boosted their price objective on UnitedHealth Group from $435.00 to $452.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, UnitedHealth Group presently has a consensus rating of “Buy” and a consensus target price of $493.00.

Shares of UNH stock opened at $502.14 on Monday. The firm has a 50 day moving average price of $466.00 and a two-hundred day moving average price of $431.26. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $472.94 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.84. UnitedHealth Group Incorporated has a 12-month low of $320.35 and a 12-month high of $509.23.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Thursday, October 14th. The healthcare conglomerate reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.11. UnitedHealth Group had a net margin of 5.52% and a return on equity of 23.08%. The company had revenue of $72.34 billion during the quarter, compared to the consensus estimate of $71.24 billion. During the same period in the previous year, the business earned $3.51 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that UnitedHealth Group Incorporated will post 18.84 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 14th. Shareholders of record on Monday, December 6th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Friday, December 3rd. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.16%. UnitedHealth Group’s payout ratio is presently 35.98%.

About UnitedHealth Group

UnitedHealth Group, Inc engages in the provision of health care coverage, software, and data consultancy services. It operates through the following segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment utilizes Optum’s capabilities to help coordinate patient care, improve affordability of medical care, analyze cost trends, manage pharmacy benefits, work with care providers more effectively, and create a simpler consumer experience.

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

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