BTC Capital Management Inc. Has $8.04 Million Holdings in UnitedHealth Group Incorporated (NYSE:UNH)

BTC Capital Management Inc. lessened its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,788 shares of the healthcare conglomerate’s stock after selling 34 shares during the quarter. BTC Capital Management Inc.’s holdings in UnitedHealth Group were worth $8,040,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNH. International Assets Investment Management LLC grew its position in shares of UnitedHealth Group by 1.9% in the fourth quarter. International Assets Investment Management LLC now owns 4,468 shares of the healthcare conglomerate’s stock valued at $2,352,000 after purchasing an additional 85 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of UnitedHealth Group in the fourth quarter valued at approximately $158,000. Oliver Lagore Vanvalin Investment Group raised its stake in UnitedHealth Group by 12.6% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 214 shares of the healthcare conglomerate’s stock valued at $113,000 after purchasing an additional 24 shares during the last quarter. Kellett Wealth Advisors LLC grew its position in UnitedHealth Group by 5.7% in the 4th quarter. Kellett Wealth Advisors LLC now owns 1,860 shares of the healthcare conglomerate’s stock worth $979,000 after purchasing an additional 100 shares during the last quarter. Finally, HTLF Bank bought a new stake in shares of UnitedHealth Group in the fourth quarter valued at about $1,282,000. 87.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on UNH. Argus upped their price target on UnitedHealth Group from $570.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Cantor Fitzgerald reiterated an “overweight” rating and set a $591.00 price target on shares of UnitedHealth Group in a research note on Monday. Wells Fargo & Company raised their price objective on shares of UnitedHealth Group from $525.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. TD Cowen increased their price target on shares of UnitedHealth Group from $546.00 to $601.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, HSBC upped their price objective on UnitedHealth Group from $580.00 to $610.00 in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, UnitedHealth Group presently has an average rating of “Buy” and a consensus target price of $614.17.

Insider Activity at UnitedHealth Group

In other news, EVP Erin Mcsweeney sold 1,500 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $579.03, for a total value of $868,545.00. Following the completion of the transaction, the executive vice president now owns 7,785 shares of the company’s stock, valued at approximately $4,507,748.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other UnitedHealth Group news, CAO Thomas E. Roos sold 2,851 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $569.88, for a total transaction of $1,624,727.88. Following the sale, the chief accounting officer now directly owns 29,501 shares in the company, valued at approximately $16,812,029.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Erin Mcsweeney sold 1,500 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $579.03, for a total value of $868,545.00. Following the transaction, the executive vice president now directly owns 7,785 shares of the company’s stock, valued at $4,507,748.55. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

UnitedHealth Group Price Performance

Shares of UNH traded up $4.09 during mid-day trading on Monday, hitting $581.77. 414,944 shares of the company traded hands, compared to its average volume of 4,204,219. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average of $529.38 and a 200 day moving average of $507.42. UnitedHealth Group Incorporated has a one year low of $436.38 and a one year high of $591.54. The stock has a market capitalization of $535.45 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 1.61 and a beta of 0.59.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 16th. The healthcare conglomerate reported $6.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.66 by $0.14. The business had revenue of $98.86 billion for the quarter, compared to analyst estimates of $98.73 billion. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.14 earnings per share. As a group, equities analysts expect that UnitedHealth Group Incorporated will post 27.69 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Monday, September 16th will be issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Monday, September 16th. UnitedHealth Group’s dividend payout ratio is presently 51.34%.

About UnitedHealth Group

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.