Factory Mutual Insurance Co. Grows Position in UnitedHealth Group Inc (NYSE:UNH)

Factory Mutual Insurance Co. increased its holdings in UnitedHealth Group Inc (NYSE:UNH) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 414,400 shares of the healthcare conglomerate’s stock after purchasing an additional 34,400 shares during the period. UnitedHealth Group accounts for 1.2% of Factory Mutual Insurance Co.’s investment portfolio, making the stock its 20th biggest position. Factory Mutual Insurance Co.’s holdings in UnitedHealth Group were worth $101,117,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in UNH. Integrated Investment Consultants LLC lifted its stake in shares of UnitedHealth Group by 3.9% in the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock worth $276,000 after acquiring an additional 42 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of UnitedHealth Group by 3.9% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,132 shares of the healthcare conglomerate’s stock worth $280,000 after acquiring an additional 43 shares in the last quarter. CRA Financial Services LLC lifted its stake in shares of UnitedHealth Group by 2.7% in the first quarter. CRA Financial Services LLC now owns 1,792 shares of the healthcare conglomerate’s stock worth $444,000 after acquiring an additional 47 shares in the last quarter. Pratt Collard Advisory Partners LLC lifted its stake in shares of UnitedHealth Group by 5.7% in the first quarter. Pratt Collard Advisory Partners LLC now owns 877 shares of the healthcare conglomerate’s stock worth $217,000 after acquiring an additional 47 shares in the last quarter. Finally, Squar Milner Financial Services LLC lifted its stake in shares of UnitedHealth Group by 2.3% in the first quarter. Squar Milner Financial Services LLC now owns 2,073 shares of the healthcare conglomerate’s stock worth $512,000 after acquiring an additional 47 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

In other news, Director William C. Ballard, Jr. sold 12,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $255.31, for a total value of $3,063,720.00. Following the transaction, the director now directly owns 61,309 shares of the company’s stock, valued at $15,652,800.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $239.02, for a total transaction of $1,195,100.00. Following the completion of the transaction, the director now directly owns 77,993 shares in the company, valued at $18,641,886.86. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock valued at $9,158,720 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Shares of NYSE:UNH traded up $1.58 on Friday, reaching $250.28. 71,813 shares of the company traded hands, compared to its average volume of 3,922,700. UnitedHealth Group Inc has a fifty-two week low of $208.07 and a fifty-two week high of $287.94. The firm has a 50 day simple moving average of $250.55. The stock has a market cap of $238.66 billion, a PE ratio of 19.47, a PEG ratio of 1.34 and a beta of 0.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.67 and a quick ratio of 0.73.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Thursday, July 18th. The healthcare conglomerate reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.14. The company had revenue of $60.60 billion during the quarter, compared to the consensus estimate of $60.59 billion. UnitedHealth Group had a return on equity of 25.20% and a net margin of 5.51%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 EPS. As a group, research analysts forecast that UnitedHealth Group Inc will post 14.82 earnings per share for the current fiscal year.

Several research analysts recently commented on UNH shares. Citigroup reiterated a “buy” rating on shares of Healthequity in a research note on Friday, May 10th. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Cleveland Research reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Monday, July 15th. Oppenheimer set a $312.00 price objective on UnitedHealth Group and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $295.06.

About UnitedHealth Group

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

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