UnitedHealth Group Incorporated (NYSE:UNH) had its target price increased by Citigroup Inc. from $213.00 to $235.00 in a report released on Wednesday. Citigroup Inc. currently has a buy rating on the healthcare conglomerate’s stock.
UNH has been the topic of several other reports. UBS AG restated an overweight rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. BidaskClub upgraded UnitedHealth Group from a buy rating to a strong-buy rating in a research note on Saturday, July 8th. Morgan Stanley upped their price objective on UnitedHealth Group from $202.00 to $210.00 and gave the company an overweight rating in a research note on Wednesday, June 28th. Bank of America Corporation upped their price objective on UnitedHealth Group from $210.00 to $214.00 and gave the company a buy rating in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered UnitedHealth Group from a buy rating to a hold rating in a research note on Tuesday, September 26th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $215.27.
Shares of UnitedHealth Group (NYSE UNH) traded down 0.70% during midday trading on Wednesday, reaching $203.80. The company’s stock had a trading volume of 2,443,443 shares. The stock’s 50-day moving average is $196.96 and its 200 day moving average is $185.50. UnitedHealth Group has a 12 month low of $133.03 and a 12 month high of $207.80. The stock has a market capitalization of $201.56 billion, a P/E ratio of 23.14 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period in the previous year, the company posted $2.17 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts expect that UnitedHealth Group will post $9.91 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.46%. The ex-dividend date was Thursday, September 7th. UnitedHealth Group’s dividend payout ratio is 33.26%.
In other UnitedHealth Group news, insider Larry C. Renfro sold 50,574 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $198.11, for a total transaction of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now directly owns 76,058 shares in the company, valued at approximately $14,753,730.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 76,174 shares of company stock worth $14,981,909. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently bought and sold shares of UNH. Patriot Financial Group Insurance Agency LLC lifted its holdings in UnitedHealth Group by 1,722.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares in the last quarter. Blue Chip Partners Inc. acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $110,000. Kings Point Capital Management lifted its stake in shares of UnitedHealth Group by 27.9% in the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after purchasing an additional 150 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of UnitedHealth Group by 433.3% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after purchasing an additional 520 shares during the period. 86.11% of the stock is currently owned by hedge funds and other institutional investors.
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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