UnitedHealth Group Inc (UNH) PT Raised to $188.00 at Credit Suisse Group AG
UnitedHealth Group Inc (NYSE:UNH) had its target price lifted by investment analysts at Credit Suisse Group AG from $185.00 to $188.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the healthcare conglomerate’s stock. Credit Suisse Group AG’s price objective would suggest a potential upside of 9.60% from the stock’s previous close.
UNH has been the subject of several other reports. Vetr upgraded UnitedHealth Group from a “buy” rating to a “strong-buy” rating and set a $189.00 target price for the company in a report on Wednesday, December 28th. Cantor Fitzgerald initiated coverage on UnitedHealth Group in a report on Monday, February 6th. They issued an “overweight” rating and a $200.00 target price for the company. Jefferies Group LLC restated a “buy” rating and issued a $186.00 target price on shares of UnitedHealth Group in a report on Tuesday, January 10th. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Thursday, March 2nd. Finally, Wells Fargo & Co reiterated an “outperform” rating on shares of UnitedHealth Group in a report on Tuesday, February 21st. One analyst has rated the stock with a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $181.05.
UnitedHealth Group (NYSE:UNH) traded up 1.35% on Wednesday, hitting $171.54. 3,652,113 shares of the company were exchanged. UnitedHealth Group has a 52-week low of $128.53 and a 52-week high of $172.19. The stock’s 50-day moving average price is $167.08 and its 200-day moving average price is $157.36. The stock has a market capitalization of $163.16 billion, a P/E ratio of 23.66 and a beta of 0.68. UnitedHealth Group also saw some unusual options trading on Monday. Stock investors purchased 333 put options on the stock. This represents an increase of 200% compared to the typical volume of 111 put options.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.20. The company earned $48.72 billion during the quarter, compared to analysts’ expectations of $48.21 billion. UnitedHealth Group had a return on equity of 21.20% and a net margin of 3.92%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.81 EPS. On average, equities research analysts anticipate that UnitedHealth Group will post $9.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th were given a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Wednesday, March 8th. UnitedHealth Group’s dividend payout ratio is currently 33.47%.
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In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $162.68, for a total value of $813,400.00. Following the sale, the director now owns 75,391 shares of the company’s stock, valued at approximately $12,264,607.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michele J. Hooper sold 15,000 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $170.89, for a total value of $2,563,350.00. Following the completion of the sale, the director now directly owns 35,941 shares in the company, valued at approximately $6,141,957.49. The disclosure for this sale can be found here. Insiders sold a total of 35,310 shares of company stock worth $5,855,416 in the last ninety days. 1.65% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its position in UnitedHealth Group by 46.8% in the third quarter. Acadian Asset Management LLC now owns 14,833 shares of the healthcare conglomerate’s stock worth $2,076,000 after buying an additional 4,729 shares during the last quarter. Mizuho Securities USA Inc. increased its position in UnitedHealth Group by 414.9% in the third quarter. Mizuho Securities USA Inc. now owns 30,814 shares of the healthcare conglomerate’s stock worth $4,314,000 after buying an additional 24,829 shares during the last quarter. PGGM Investments increased its position in UnitedHealth Group by 2.8% in the third quarter. PGGM Investments now owns 1,221,479 shares of the healthcare conglomerate’s stock worth $171,007,000 after buying an additional 32,855 shares during the last quarter. Oakbrook Investments LLC increased its position in UnitedHealth Group by 154.5% in the third quarter. Oakbrook Investments LLC now owns 54,075 shares of the healthcare conglomerate’s stock worth $7,571,000 after buying an additional 32,825 shares during the last quarter. Finally, Private Capital Advisors Inc. increased its position in UnitedHealth Group by 0.9% in the third quarter. Private Capital Advisors Inc. now owns 43,083 shares of the healthcare conglomerate’s stock worth $6,032,000 after buying an additional 400 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.
UnitedHealth Group Company Profile
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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