Jefferies Group Weighs in on UnitedHealth Group Inc’s Q4 2018 Earnings (UNH)
UnitedHealth Group Inc (NYSE:UNH) – Analysts at Jefferies Group lifted their Q4 2018 earnings per share estimates for UnitedHealth Group in a report issued on Friday. Jefferies Group analyst D. Windley now forecasts that the healthcare conglomerate will earn $3.11 per share for the quarter, up from their previous forecast of $2.80. Jefferies Group currently has a “Buy” rating and a $248.00 target price on the stock.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.57 billion. During the same period last year, the firm posted $2.11 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis.
A number of other analysts have also recently issued reports on UNH. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $235.00 price objective on shares of UnitedHealth Group in a research report on Tuesday. Evercore ISI reaffirmed an “outperform” rating and issued a $255.00 price objective (up from $235.00) on shares of UnitedHealth Group in a research report on Friday. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Oppenheimer raised their price objective on UnitedHealth Group from $215.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley raised their price objective on UnitedHealth Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. UnitedHealth Group currently has an average rating of “Buy” and a consensus price target of $229.54.
UnitedHealth Group (UNH) traded up $4.26 on Monday, hitting $232.90. The stock had a trading volume of 6,845,200 shares, compared to its average volume of 2,930,000. UnitedHealth Group has a 52 week low of $156.09 and a 52 week high of $235.00. The firm has a market capitalization of $225,180.00, a PE ratio of 26.47, a price-to-earnings-growth ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.
In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the transaction, the chief executive officer now owns 195,314 shares in the company, valued at approximately $43,310,879.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total value of $200,333.25. Following the transaction, the insider now owns 24,630 shares in the company, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,630 shares of company stock valued at $7,669,416. 0.89% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Blue Chip Partners Inc. bought a new position in UnitedHealth Group during the 2nd quarter worth $110,000. Bruderman Asset Management LLC bought a new position in shares of UnitedHealth Group in the 2nd quarter valued at $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased 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 last quarter. BDO Wealth Advisors LLC bought a new position in shares of UnitedHealth Group in the 2nd quarter valued at $121,000. Finally, Acrospire Investment Management LLC increased its stake in shares of UnitedHealth Group by 130.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock valued at $131,000 after purchasing an additional 400 shares during the last quarter. Hedge funds and other institutional investors own 86.09% 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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