New York State Teachers Retirement System Has $374.25 Million Holdings in UnitedHealth Group Inc (UN

New York State Teachers Retirement System reduced its stake in UnitedHealth Group Inc (NYSE:UNH) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,502,299 shares of the healthcare conglomerate’s stock after selling 46,038 shares during the period. UnitedHealth Group comprises 1.1% of New York State Teachers Retirement System’s investment portfolio, making the stock its 12th largest position. New York State Teachers Retirement System owned 0.16% of UnitedHealth Group worth $374,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its position in shares of UnitedHealth Group by 7.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 5,462,680 shares of the healthcare conglomerate’s stock worth $1,453,291,000 after buying an additional 370,179 shares during the last quarter. Financial Enhancement Group LLC grew its position in shares of UnitedHealth Group by 2,579.3% in the 3rd quarter. Financial Enhancement Group LLC now owns 1,554 shares of the healthcare conglomerate’s stock worth $413,000 after buying an additional 1,496 shares during the last quarter. BLB&B Advisors LLC grew its position in shares of UnitedHealth Group by 5.8% in the 4th quarter. BLB&B Advisors LLC now owns 1,198 shares of the healthcare conglomerate’s stock worth $298,000 after buying an additional 66 shares during the last quarter. Sawtooth Solutions LLC grew its position in shares of UnitedHealth Group by 34.4% in the 3rd quarter. Sawtooth Solutions LLC now owns 4,413 shares of the healthcare conglomerate’s stock worth $1,174,000 after buying an additional 1,129 shares during the last quarter. Finally, Bluefin Trading LLC bought a new stake in shares of UnitedHealth Group in the 3rd quarter worth approximately $578,000. 85.31% of the stock is currently owned by institutional investors and hedge funds.

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NYSE UNH opened at $261.90 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.73. UnitedHealth Group Inc has a twelve month low of $212.01 and a twelve month high of $287.94. The company has a market cap of $251.96 billion, a P/E ratio of 20.33, a PEG ratio of 1.38 and a beta of 0.86.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, January 15th. The healthcare conglomerate reported $3.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.20 by $0.08. UnitedHealth Group had a return on equity of 24.38% and a net margin of 5.30%. The company had revenue of $58.42 billion for the quarter, compared to analyst estimates of $58.01 billion. During the same period in the previous year, the company posted $2.59 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Research analysts predict that UnitedHealth Group Inc will post 14.62 EPS for the current fiscal year.

In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 22nd. The stock was sold at an average price of $266.61, for a total value of $1,333,050.00. Following the sale, the director now directly owns 77,702 shares of the company’s stock, valued at $20,716,130.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the business’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $260.55, for a total value of $3,908,250.00. Following the completion of the sale, the director now directly owns 193,872 shares in the company, valued at $50,513,349.60. The disclosure for this sale can be found here. Insiders sold 26,090 shares of company stock worth $6,956,975 over the last three months. Corporate insiders own 0.87% of the company’s stock.

UNH has been the topic of a number of recent analyst reports. Oppenheimer lifted their price objective on UnitedHealth Group from $300.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 16th. Argus lifted their price objective on UnitedHealth Group from $285.00 to $295.00 and gave the stock a “buy” rating in a research report on Monday, December 17th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $279.00 price objective on the stock in a research report on Saturday, January 5th. BMO Capital Markets set a $310.00 price target on UnitedHealth Group and gave the company a “buy” rating in a research report on Tuesday, November 27th. Finally, Stephens started coverage on UnitedHealth Group in a research report on Monday, January 14th. They set an “overweight” rating and a $287.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. UnitedHealth Group has an average rating of “Buy” and an average target price of $297.80.

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UnitedHealth Group Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. 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 for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.

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