UnitedHealth Group Incorporated (NYSE:UNH) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday, September 1st.
A number of other research analysts have also issued reports on UNH. Vetr upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $179.00 price target on the stock in a research note on Monday, May 15th. UBS AG restated an “overweight” rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Tuesday, May 30th. BidaskClub upgraded shares of UnitedHealth Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Morgan Stanley increased their price objective on shares of UnitedHealth Group from $202.00 to $210.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $203.41.
Shares of UnitedHealth Group (UNH) traded up 0.23% during trading on Friday, hitting $198.18. 4,198,691 shares of the company’s stock were exchanged. The stock has a market cap of $191.61 billion, a P/E ratio of 23.81 and a beta of 0.63. UnitedHealth Group has a one year low of $133.03 and a one year high of $200.76. The firm has a 50-day moving average price of $195.28 and a 200-day moving average price of $180.64.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the consensus estimate of $2.38 by $0.08. The firm had revenue of $50.05 billion during the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. UnitedHealth Group’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Equities research analysts expect that UnitedHealth Group will post $9.87 EPS for the current fiscal year.
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In related news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the transaction, the director now owns 76,058 shares in the company, valued at $14,753,730.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the transaction, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last three months, insiders sold 25,600 shares of company stock valued at $4,962,694. Insiders own 0.89% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Intl Fcstone Inc. acquired a new position in UnitedHealth Group in the 2nd quarter valued at $2,324,000. RNC Capital Management LLC grew its stake in shares of UnitedHealth Group by 0.7% during the 2nd quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after purchasing an additional 13 shares during the period. HWG Holdings LP grew its stake in shares of UnitedHealth Group by 13.5% during the 2nd quarter. HWG Holdings LP now owns 6,367 shares of the healthcare conglomerate’s stock worth $1,181,000 after purchasing an additional 756 shares during the period. WFG Advisors LP boosted its position in shares of UnitedHealth Group by 14.9% in the 2nd quarter. WFG Advisors LP now owns 6,350 shares of the healthcare conglomerate’s stock worth $1,177,000 after buying an additional 825 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of UnitedHealth Group in the 2nd quarter worth about $204,000. 86.21% of the stock is currently owned by institutional investors and hedge funds.
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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