Investors Buy Shares of UnitedHealth Group Incorporated (UNH) on Weakness
Traders bought shares of UnitedHealth Group Incorporated (NYSE:UNH) on weakness during trading hours on Thursday. $200.96 million flowed into the stock on the tick-up and $127.99 million flowed out of the stock on the tick-down, for a money net flow of $72.97 million into the stock. Of all companies tracked, UnitedHealth Group had the 3rd highest net in-flow for the day. UnitedHealth Group traded down ($2.58) for the day and closed at $197.90
Several brokerages recently issued reports on UNH. Cowen and Company reiterated an “outperform” rating and issued a $220.00 price objective (up from $175.00) on shares of UnitedHealth Group in a research report on Friday, August 11th. Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Morgan Stanley upped their price target on UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. ValuEngine downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $215.00 price target on shares of UnitedHealth Group in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. UnitedHealth Group presently has a consensus rating of “Buy” and an average target price of $203.59.
The firm has a market cap of $191.34 billion, a price-to-earnings ratio of 23.77 and a beta of 0.63. The firm’s 50 day moving average price is $196.09 and its 200-day moving average price is $183.24.
UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings data on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The business had revenue of $50.05 billion for the quarter, compared to analysts’ expectations of $49.97 billion. During the same quarter in the previous year, the firm earned $1.96 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.52%. UnitedHealth Group’s dividend payout ratio is presently 35.13%.
In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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. Insiders have sold a total of 76,174 shares of company stock worth $14,981,909 in the last ninety days. Insiders own 0.89% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Osborn Williams & Donohoe LLC raised its stake in shares of UnitedHealth Group by 6.1% during the 3rd quarter. Osborn Williams & Donohoe LLC now owns 14,006 shares of the healthcare conglomerate’s stock valued at $2,743,000 after purchasing an additional 810 shares during the period. Curbstone Financial Management Corp raised its stake in shares of UnitedHealth Group by 74.7% during the 3rd quarter. Curbstone Financial Management Corp now owns 3,800 shares of the healthcare conglomerate’s stock valued at $744,000 after purchasing an additional 1,625 shares during the period. MPS Loria Financial Planners LLC bought a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $1,254,000. Intl Fcstone Inc. bought a new stake in shares of UnitedHealth Group during the 2nd quarter valued at $2,324,000. Finally, RNC Capital Management LLC raised 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 valued at $360,000 after purchasing an additional 13 shares during the period. Institutional investors own 86.19% of the company’s stock.
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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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