UnitedHealth Group Incorporated (UNH) Director Kenneth Irwin Shine Sells 457 Shares
UnitedHealth Group Incorporated (NYSE:UNH) Director Kenneth Irwin Shine sold 457 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
UnitedHealth Group Incorporated (NYSE UNH) traded down $0.95 on Wednesday, hitting $211.71. The stock had a trading volume of 1,993,900 shares, compared to its average volume of 3,126,724. The company has a market cap of $206,081.91, a P/E ratio of 22.15, a PEG ratio of 1.58 and a beta of 0.64. UnitedHealth Group Incorporated has a 52 week low of $148.56 and a 52 week high of $213.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion during the quarter, compared to the consensus estimate of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.17 EPS. research analysts predict that UnitedHealth Group Incorporated will post 9.99 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.42%. UnitedHealth Group’s payout ratio is 33.26%.
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Large investors have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake in UnitedHealth Group by 441.4% during the 2nd quarter. Marshall Wace LLP now owns 13,935 shares of the healthcare conglomerate’s stock valued at $2,578,000 after purchasing an additional 11,361 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in UnitedHealth Group by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,656,975 shares of the healthcare conglomerate’s stock valued at $678,077,000 after purchasing an additional 183,401 shares during the period. American Century Companies Inc. boosted its stake in UnitedHealth Group by 16.9% during the 2nd quarter. American Century Companies Inc. now owns 4,703,113 shares of the healthcare conglomerate’s stock valued at $872,051,000 after purchasing an additional 681,111 shares during the period. Essex Financial Services Inc. boosted its stake in UnitedHealth Group by 12.3% during the 2nd quarter. Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate’s stock valued at $1,640,000 after purchasing an additional 967 shares during the period. Finally, Factory Mutual Insurance Co. boosted its stake in UnitedHealth Group by 20.9% during the 2nd quarter. Factory Mutual Insurance Co. now owns 416,600 shares of the healthcare conglomerate’s stock valued at $77,245,000 after purchasing an additional 72,000 shares during the period. Hedge funds and other institutional investors own 86.00% of the company’s stock.
A number of research firms have recently commented on UNH. Credit Suisse Group began coverage on UnitedHealth Group in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $233.00 price objective on the stock. Zacks Investment Research downgraded UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Mizuho reissued a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, October 24th. Argus boosted their price objective on UnitedHealth Group from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, October 19th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $219.00 price objective (up previously from $210.00) on shares of UnitedHealth Group in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $216.65.
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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