UnitedHealth Group Inc (NYSE:UNH) Short Interest Down 13.2% in June

UnitedHealth Group Inc (NYSE:UNH) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 6,664,600 shares, a decline of 13.2% from the May 30th total of 7,682,400 shares. Based on an average trading volume of 5,400,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

In related news, CEO David S. Wichmann bought 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average cost of $231.79 per share, with a total value of $4,635,800.00. Following the completion of the purchase, the chief executive officer now owns 904,367 shares in the company, valued at approximately $209,623,226.93. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard T. Burke sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $229.75, for a total transaction of $2,297,500.00. Following the completion of the transaction, the director now directly owns 187,663 shares of the company’s stock, valued at $43,115,574.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $8,392,500. Insiders own 0.87% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Advisors LLC grew its holdings in UnitedHealth Group by 57.9% during the first quarter. Private Advisors LLC now owns 6,501 shares of the healthcare conglomerate’s stock valued at $1,607,000 after purchasing an additional 2,385 shares during the period. First City Capital Management Inc. acquired a new position in shares of UnitedHealth Group in the fourth quarter valued at approximately $580,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of UnitedHealth Group by 4.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,969 shares of the healthcare conglomerate’s stock valued at $1,736,000 after buying an additional 328 shares during the period. InterOcean Capital LLC boosted its holdings in shares of UnitedHealth Group by 18.0% in the fourth quarter. InterOcean Capital LLC now owns 6,352 shares of the healthcare conglomerate’s stock valued at $1,582,000 after buying an additional 969 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of UnitedHealth Group by 4.5% in the fourth quarter. Tocqueville Asset Management L.P. now owns 103,701 shares of the healthcare conglomerate’s stock valued at $25,834,000 after buying an additional 4,420 shares during the period. Hedge funds and other institutional investors own 85.62% of the company’s stock.

A number of brokerages have weighed in on UNH. Citigroup reaffirmed a “buy” rating on shares of Healthequity in a research note on Friday, May 10th. SunTrust Banks dropped their target price on shares of UnitedHealth Group to $300.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. They noted that the move was a valuation call. Raymond James set a $8.00 target price on shares of Superior Energy Services and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Finally, UBS Group set a $36.00 target price on shares of Halliburton and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $291.53.

Shares of NYSE UNH opened at $265.90 on Friday. The firm has a market capitalization of $252.70 billion, a PE ratio of 19.61, a P/E/G ratio of 1.42 and a beta of 0.61. The firm’s 50 day moving average price is $246.51. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.73. UnitedHealth Group has a 52-week low of $208.07 and a 52-week high of $287.94.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.13. The firm had revenue of $60.30 billion during the quarter, compared to analysts’ expectations of $59.72 billion. UnitedHealth Group had a net margin of 5.45% and a return on equity of 25.07%. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.04 earnings per share. On average, analysts forecast that UnitedHealth Group will post 14.7 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 17th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.32 dividend on an annualized basis and a yield of 1.62%. This is a boost from UnitedHealth Group’s previous quarterly dividend of $0.90. UnitedHealth Group’s payout ratio is currently 33.54%.

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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