North Star Investment Management Corp. Has $2.84 Million Stock Position in UnitedHealth Group Incorporated (NYSE:UNH)

North Star Investment Management Corp. lowered its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,853 shares of the healthcare conglomerate’s stock after selling 36 shares during the quarter. North Star Investment Management Corp.’s holdings in UnitedHealth Group were worth $2,837,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. boosted its stake in shares of UnitedHealth Group by 20.6% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 10,867 shares of the healthcare conglomerate’s stock valued at $5,376,000 after purchasing an additional 1,857 shares during the last quarter. Quent Capital LLC boosted its stake in UnitedHealth Group by 5.5% during the 1st quarter. Quent Capital LLC now owns 4,196 shares of the healthcare conglomerate’s stock worth $2,076,000 after acquiring an additional 217 shares during the last quarter. Embree Financial Group boosted its stake in UnitedHealth Group by 12.1% during the 1st quarter. Embree Financial Group now owns 613 shares of the healthcare conglomerate’s stock worth $303,000 after acquiring an additional 66 shares during the last quarter. Valley Wealth Managers Inc. boosted its stake in UnitedHealth Group by 8.7% during the 1st quarter. Valley Wealth Managers Inc. now owns 1,149 shares of the healthcare conglomerate’s stock worth $568,000 after acquiring an additional 92 shares during the last quarter. Finally, SPC Financial Inc. boosted its stake in UnitedHealth Group by 3.6% during the 1st quarter. SPC Financial Inc. now owns 5,185 shares of the healthcare conglomerate’s stock worth $2,565,000 after acquiring an additional 179 shares during the last quarter. Institutional investors own 87.86% of the company’s stock.

UnitedHealth Group Trading Up 1.6 %

Shares of UnitedHealth Group stock opened at $566.96 on Wednesday. The firm has a 50-day moving average of $580.96 and a 200-day moving average of $543.36. The stock has a market cap of $523.54 billion, a PE ratio of 36.94, a PEG ratio of 1.64 and a beta of 0.58. UnitedHealth Group Incorporated has a 52-week low of $436.38 and a 52-week high of $608.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.88 and a current ratio of 0.91.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, beating analysts’ consensus estimates of $7.00 by $0.15. The business had revenue of $100.82 billion during the quarter, compared to the consensus estimate of $99.14 billion. UnitedHealth Group had a return on equity of 26.37% and a net margin of 3.63%. UnitedHealth Group’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.56 earnings per share. As a group, sell-side analysts forecast that UnitedHealth Group Incorporated will post 27.61 EPS for the current year.

Analyst Ratings Changes

UNH has been the topic of several research analyst reports. TD Cowen raised their target price on shares of UnitedHealth Group from $601.00 to $609.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Stephens lowered their price objective on shares of UnitedHealth Group from $632.00 to $605.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Robert W. Baird lifted their price objective on shares of UnitedHealth Group from $597.00 to $640.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. KeyCorp began coverage on shares of UnitedHealth Group in a report on Friday, October 11th. They issued an “overweight” rating and a $675.00 price objective on the stock. Finally, Jefferies Financial Group upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $481.00 to $647.00 in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $615.53.

UnitedHealth Group Profile

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.