Absolute Capital Management LLC Sells 1,701 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Absolute Capital Management LLC reduced its position in UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 59.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,170 shares of the healthcare conglomerate's stock after selling 1,701 shares during the quarter. Absolute Capital Management LLC's holdings in UnitedHealth Group were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UNH. Holderness Investments Co. raised its position in shares of UnitedHealth Group by 3.4% in the 4th quarter. Holderness Investments Co. now owns 10,080 shares of the healthcare conglomerate's stock valued at $5,099,000 after purchasing an additional 334 shares during the last quarter. Whittier Trust Co. lifted its stake in shares of UnitedHealth Group by 1.4% during the fourth quarter. Whittier Trust Co. now owns 91,213 shares of the healthcare conglomerate's stock worth $46,140,000 after buying an additional 1,226 shares during the period. iA Global Asset Management Inc. increased its position in shares of UnitedHealth Group by 9.6% in the 4th quarter. iA Global Asset Management Inc. now owns 186,814 shares of the healthcare conglomerate's stock valued at $94,502,000 after acquiring an additional 16,366 shares during the period. Magnetar Financial LLC lifted its position in UnitedHealth Group by 124.0% during the 4th quarter. Magnetar Financial LLC now owns 72,227 shares of the healthcare conglomerate's stock worth $36,537,000 after acquiring an additional 39,988 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of UnitedHealth Group by 28.8% in the fourth quarter. Teacher Retirement System of Texas now owns 391,768 shares of the healthcare conglomerate's stock valued at $198,180,000 after purchasing an additional 87,662 shares during the period. Hedge funds and other institutional investors own 87.86% of the company's stock.

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Insider Buying and Selling at UnitedHealth Group

In other news, Director Timothy Patrick Flynn bought 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were purchased at an average price of $511.57 per share, for a total transaction of $511,570.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company's stock, valued at $2,302,065. This trade represents a 28.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company's stock.

UnitedHealth Group Stock Down 0.6 %

Shares of UNH traded down $2.92 during midday trading on Tuesday, reaching $513.58. 3,014,727 shares of the company were exchanged, compared to its average volume of 4,086,166. The company has a market cap of $469.78 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 1.37 and a beta of 0.62. The stock has a 50-day moving average price of $509.71 and a 200-day moving average price of $546.15. UnitedHealth Group Incorporated has a 1-year low of $436.38 and a 1-year high of $630.73. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

UnitedHealth Group (NYSE:UNH - Get Free Report) last released its earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, topping analysts' consensus estimates of $6.74 by $0.07. UnitedHealth Group had a return on equity of 26.69% and a net margin of 3.60%. The company had revenue of $100.81 billion for the quarter, compared to the consensus estimate of $101.60 billion. During the same quarter last year, the business posted $5.83 EPS. UnitedHealth Group's quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts expect that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Monday, March 10th. UnitedHealth Group's dividend payout ratio (DPR) is presently 54.19%.

Wall Street Analyst Weigh In

UNH has been the topic of a number of recent research reports. Barclays dropped their target price on UnitedHealth Group from $655.00 to $642.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. KeyCorp reiterated an "overweight" rating and issued a $650.00 price objective on shares of UnitedHealth Group in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on shares of UnitedHealth Group from $595.00 to $625.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. StockNews.com upgraded UnitedHealth Group from a "hold" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $700.00 price target on shares of UnitedHealth Group in a research report on Friday, January 17th. Twenty research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, UnitedHealth Group presently has a consensus rating of "Buy" and a consensus price target of $629.32.

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.