NWK Group Inc. Purchases New Position in UnitedHealth Group Incorporated (NYSE:UNH)

NWK Group Inc. purchased a new position in UnitedHealth Group Incorporated (NYSE:UNHFree Report) in the 4th quarter, Holdings Channel reports. The firm purchased 8,428 shares of the healthcare conglomerate’s stock, valued at approximately $4,437,000. UnitedHealth Group accounts for about 2.3% of NWK Group Inc.’s portfolio, making the stock its 19th largest position.

Several other large investors also recently bought and sold shares of the business. Richelieu Gestion SA purchased a new stake in shares of UnitedHealth Group during the 4th quarter valued at about $26,000. CGC Financial Services LLC increased its stake in shares of UnitedHealth Group by 1,000.0% in the 4th quarter. CGC Financial Services LLC now owns 55 shares of the healthcare conglomerate’s stock worth $29,000 after purchasing an additional 50 shares in the last quarter. LFA Lugano Financial Advisors SA grew its holdings in UnitedHealth Group by 148.1% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 67 shares of the healthcare conglomerate’s stock valued at $35,000 after purchasing an additional 40 shares during the period. O Brien Wealth Partners LLC raised its stake in shares of UnitedHealth Group by 36.8% in the fourth quarter. O Brien Wealth Partners LLC now owns 78 shares of the healthcare conglomerate’s stock worth $41,000 after buying an additional 21 shares during the period. Finally, Friedenthal Financial purchased a new stake in UnitedHealth Group in the 4th quarter worth approximately $42,000. 87.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at UnitedHealth Group

In other UnitedHealth Group news, EVP Erin Mcsweeney sold 1,236 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $483.48, for a total value of $597,581.28. Following the completion of the transaction, the executive vice president now directly owns 9,364 shares in the company, valued at $4,527,306.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

UnitedHealth Group Trading Up 3.0 %

UNH traded up $14.27 during trading on Friday, hitting $495.92. 6,694,752 shares of the stock were exchanged, compared to its average volume of 4,222,549. UnitedHealth Group Incorporated has a 1 year low of $436.38 and a 1 year high of $554.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day simple moving average of $489.47 and a 200 day simple moving average of $509.69. The firm has a market cap of $456.44 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 1.40 and a beta of 0.55.

UnitedHealth Group (NYSE:UNHGet Free Report) last issued its earnings results on Tuesday, April 16th. The healthcare conglomerate reported $6.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.63 by $0.28. UnitedHealth Group had a net margin of 4.05% and a return on equity of 26.50%. The company had revenue of $99.80 billion for the quarter, compared to analysts’ expectations of $99.23 billion. During the same period in the prior year, the business earned $6.26 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that UnitedHealth Group Incorporated will post 27.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UNH. Royal Bank of Canada dropped their target price on shares of UnitedHealth Group from $596.00 to $555.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Barclays raised their price target on UnitedHealth Group from $534.00 to $560.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Wells Fargo & Company cut their target price on shares of UnitedHealth Group from $600.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $591.00 price objective on shares of UnitedHealth Group in a research report on Wednesday, April 10th. Finally, Stephens restated an “overweight” rating and set a $605.00 target price on shares of UnitedHealth Group in a research report on Thursday, February 8th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, UnitedHealth Group has a consensus rating of “Moderate Buy” and a consensus price target of $572.75.

Get Our Latest Stock Report on UnitedHealth Group

UnitedHealth Group Profile

(Free Report)

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.

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

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