Venturi Wealth Management LLC Acquires 5,393 Shares of UnitedHealth Group Incorporated (NYSE:UNH)

Venturi Wealth Management LLC grew its stake in shares of UnitedHealth Group Incorporated (NYSE:UNH - Free Report) by 17.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,146 shares of the healthcare conglomerate's stock after buying an additional 5,393 shares during the period. UnitedHealth Group accounts for approximately 1.0% of Venturi Wealth Management LLC's holdings, making the stock its 20th biggest holding. Venturi Wealth Management LLC's holdings in UnitedHealth Group were worth $19,455,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in UnitedHealth Group by 176.2% in the 4th quarter. Brighton Jones LLC now owns 44,249 shares of the healthcare conglomerate's stock worth $22,384,000 after buying an additional 28,231 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in UnitedHealth Group by 137.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,019 shares of the healthcare conglomerate's stock worth $2,033,000 after buying an additional 2,324 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of UnitedHealth Group by 3.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 263,655 shares of the healthcare conglomerate's stock valued at $133,373,000 after purchasing an additional 9,872 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of UnitedHealth Group by 27.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 744 shares of the healthcare conglomerate's stock valued at $376,000 after purchasing an additional 160 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of UnitedHealth Group in the 4th quarter valued at about $1,160,000. 87.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at UnitedHealth Group

In other news, Director Kristen Gil bought 3,700 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average price of $271.17 per share, for a total transaction of $1,003,329.00. Following the acquisition, the director directly owned 3,818 shares of the company's stock, valued at $1,035,327.06. The trade was a 3,135.59% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Patrick Hugh Conway sold 589 shares of UnitedHealth Group stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $305.00, for a total transaction of $179,645.00. Following the completion of the transaction, the chief executive officer owned 10,398 shares in the company, valued at $3,171,390. This trade represents a 5.36% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 109,408 shares of company stock worth $31,607,768 in the last ninety days. Company insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

UNH has been the topic of several research reports. TD Cowen lowered shares of UnitedHealth Group from a "buy" rating to a "hold" rating and set a $308.00 price objective on the stock. in a research note on Monday, May 19th. Hsbc Global Res lowered shares of UnitedHealth Group from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, May 21st. HSBC restated a "reduce" rating and issued a $270.00 price target (down previously from $490.00) on shares of UnitedHealth Group in a research note on Wednesday, May 21st. Erste Group Bank lowered shares of UnitedHealth Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Robert W. Baird cut shares of UnitedHealth Group from an "outperform" rating to a "neutral" rating and set a $312.00 price objective for the company. in a report on Wednesday, June 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $394.43.

UnitedHealth Group Trading Down 4.8%

Shares of NYSE:UNH traded down $13.99 during mid-day trading on Thursday, hitting $278.52. The stock had a trading volume of 22,499,738 shares, compared to its average volume of 11,323,359. The company's 50 day moving average is $301.70 and its 200-day moving average is $428.82. The company has a market cap of $252.66 billion, a PE ratio of 11.66, a P/E/G ratio of 1.39 and a beta of 0.45. UnitedHealth Group Incorporated has a 12-month low of $248.88 and a 12-month high of $630.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.85 and a current ratio of 0.85.

UnitedHealth Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Monday, June 16th were paid a dividend of $2.21 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $8.84 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from UnitedHealth Group's previous quarterly dividend of $2.10. UnitedHealth Group's dividend payout ratio (DPR) is 37.02%.

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.