Investors Purchase High Volume of Call Options on UnitedHealth Group (UNH)

UnitedHealth Group Incorporated (NYSE:UNH) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 19,286 call options on the company. This represents an increase of 675% compared to the average volume of 2,488 call options.

In other news, Director Kenneth Irwin Shine sold 838 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $169.12, for a total value of $141,722.56. Following the transaction, the director now directly owns 28,528 shares in the company, valued at approximately $4,824,655.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $182.64, for a total value of $913,200.00. Following the completion of the transaction, the director now owns 75,735 shares in the company, valued at $13,832,240.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,378 shares of company stock worth $5,285,052. Company insiders own 0.89% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in UNH. Osborn Williams & Donohoe LLC increased its stake in shares of UnitedHealth Group by 8.1% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 9,716 shares of the healthcare conglomerate’s stock worth $1,555,000 after buying an additional 732 shares in the last quarter. Barometer Capital Management Inc. increased its stake in shares of UnitedHealth Group by 9.2% in the fourth quarter. Barometer Capital Management Inc. now owns 111,200 shares of the healthcare conglomerate’s stock worth $17,796,000 after buying an additional 9,400 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of UnitedHealth Group by 9.8% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 1,124,920 shares of the healthcare conglomerate’s stock worth $180,032,000 after buying an additional 100,295 shares in the last quarter. Lederer & Associates Investment Counsel CA purchased a new stake in shares of UnitedHealth Group during the fourth quarter worth about $304,000. Finally, First Heartland Consultants Inc. increased its stake in shares of UnitedHealth Group by 6.4% in the third quarter. First Heartland Consultants Inc. now owns 1,889 shares of the healthcare conglomerate’s stock worth $264,000 after buying an additional 114 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

UnitedHealth Group (UNH) opened at 181.63 on Friday. UnitedHealth Group has a 52-week low of $132.39 and a 52-week high of $183.76. The stock has a market cap of $175.03 billion, a price-to-earnings ratio of 23.25 and a beta of 0.65. The company has a 50-day moving average price of $176.17 and a 200 day moving average price of $166.97.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, April 18th. The healthcare conglomerate reported $2.37 EPS for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.20. The company had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.21 billion. UnitedHealth Group had a net margin of 4.13% and a return on equity of 21.42%. UnitedHealth Group’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 EPS. On average, analysts expect that UnitedHealth Group will post $9.80 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Monday, June 19th will be issued a $0.75 dividend. This is an increase from UnitedHealth Group’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $3.00 dividend on an annualized basis and a yield of 1.65%. UnitedHealth Group’s dividend payout ratio is presently 31.13%.

A number of equities analysts have recently issued reports on the company. BidaskClub upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Leerink Swann restated an “outperform” rating on shares of UnitedHealth Group in a research note on Friday, June 9th. Morgan Stanley assumed coverage on UnitedHealth Group in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $202.00 price target on the stock. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 price target on the stock in a research note on Wednesday, June 7th. Finally, Vetr downgraded UnitedHealth Group from a “buy” rating to a “hold” rating and set a $186.50 price target on the stock. in a research note on Monday, June 5th. One investment analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $184.23.

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About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

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