Legacy Capital Wealth Partners LLC has reported an increase in its stake in UnitedHealth Group (UNH, Financial) by 88% during the Q3 period, now holding 7,422 shares valued at $4.34 million. This healthcare conglomerate now represents about 0.7% of Legacy Capital's portfolio, making it its 22nd most prominent position. The most recent earnings result of UnitedHealth has been in the spotlight, with the stock reaching about $571.46 per share and continually increasing throughout the year. For the third quarter, which ended on 30 September, the company reported a 9.2% increase in its revenue year-on-year at $100.8 billion, thus beating market forecasts. The company's EPS of $7.15 was $0.15 above the market expectations due to high demand for diversified health services and a stable client base in Medicare and Medicaid businesses.
Other institutional investors have also increased their UnitedHealth holdings significantly due to increased investor interest. For example, the Macroview Investment Management Company increased its stake by 671% in the last quarter, indicating that the sector is interested in the company's diversified growth plan as it responds to new regulations and the demand for healthcare services.
