Morse Asset Management Inc Has $4.26 Million Holdings in UnitedHealth Group Inc (NYSE:UNH)

Morse Asset Management Inc cut its stake in shares of UnitedHealth Group Inc (NYSE:UNH) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,618 shares of the healthcare conglomerate’s stock after selling 2,750 shares during the period. UnitedHealth Group accounts for 1.6% of Morse Asset Management Inc’s holdings, making the stock its 19th largest position. Morse Asset Management Inc’s holdings in UnitedHealth Group were worth $4,263,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Garrison Point Advisors LLC increased its holdings in shares of UnitedHealth Group by 1.2% during the second quarter. Garrison Point Advisors LLC now owns 3,486 shares of the healthcare conglomerate’s stock worth $851,000 after purchasing an additional 40 shares during the period. Clear Harbor Asset Management LLC increased its holdings in shares of UnitedHealth Group by 0.6% during the third quarter. Clear Harbor Asset Management LLC now owns 6,573 shares of the healthcare conglomerate’s stock worth $1,428,000 after purchasing an additional 40 shares during the period. Smith Moore & CO. increased its holdings in shares of UnitedHealth Group by 1.3% during the second quarter. Smith Moore & CO. now owns 3,156 shares of the healthcare conglomerate’s stock worth $770,000 after purchasing an additional 41 shares during the period. Integrated Investment Consultants LLC increased its holdings in shares of UnitedHealth Group by 3.9% during the second quarter. Integrated Investment Consultants LLC now owns 1,131 shares of the healthcare conglomerate’s stock worth $276,000 after purchasing an additional 42 shares during the period. Finally, Meridian Financial Partners LLC increased its holdings in shares of UnitedHealth Group by 2.7% during the second quarter. Meridian Financial Partners LLC now owns 1,633 shares of the healthcare conglomerate’s stock worth $403,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 85.66% of the company’s stock.

A number of research analysts recently issued reports on the stock. ValuEngine raised shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Cantor Fitzgerald set a $310.00 price objective on shares of UnitedHealth Group and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets cut shares of UnitedHealth Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $292.00 to $249.00 in a research note on Monday, September 30th. Zacks Investment Research raised shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price objective on the stock in a research note on Monday, July 22nd. Finally, Mizuho assumed coverage on shares of UnitedHealth Group in a research note on Thursday, October 17th. They issued a “buy” rating and a $270.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $283.84.

In other UnitedHealth Group news, CAO Thomas E. Roos sold 1,177 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $255.04, for a total transaction of $300,182.08. Following the sale, the chief accounting officer now owns 21,687 shares of the company’s stock, valued at $5,531,052.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard T. Burke sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $236.56, for a total transaction of $5,914,000.00. Following the sale, the director now directly owns 163,331 shares in the company, valued at approximately $38,637,581.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,177 shares of company stock worth $7,842,582. Insiders own 0.87% of the company’s stock.

Shares of NYSE UNH traded down $2.88 during midday trading on Monday, reaching $254.09. 1,738,047 shares of the company were exchanged, compared to its average volume of 4,544,972. The stock’s 50-day moving average price is $234.76 and its 200-day moving average price is $241.05. The stock has a market cap of $237.20 billion, a P/E ratio of 19.73, a PEG ratio of 1.33 and a beta of 0.61. UnitedHealth Group Inc has a one year low of $208.07 and a one year high of $287.94. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.67.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 15th. The healthcare conglomerate reported $3.88 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.13. The firm had revenue of $60.35 billion for the quarter, compared to analysts’ expectations of $59.84 billion. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.41 earnings per share. On average, equities research analysts anticipate that UnitedHealth Group Inc will post 14.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 9th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.70%. UnitedHealth Group’s payout ratio is presently 33.54%.

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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