UnitedHealth Group Incorporated (UNH) Cut to Hold at ValuEngine
ValuEngine cut shares of UnitedHealth Group Incorporated (NYSE:UNH) from a buy rating to a hold rating in a research report report published on Thursday morning.
Other equities research analysts have also issued research reports about the stock. Cantor Fitzgerald reissued a buy rating and set a $205.00 target price on shares of UnitedHealth Group in a research note on Friday, July 7th. Stifel Nicolaus reissued a buy rating and set a $185.00 target price on shares of UnitedHealth Group in a research note on Wednesday, June 28th. BidaskClub raised shares of UnitedHealth Group from a hold rating to a buy rating in a research note on Friday, June 9th. Mizuho set a $235.00 target price on shares of UnitedHealth Group and gave the company a buy rating in a research note on Tuesday, July 18th. Finally, Cowen and Company reissued a buy rating on shares of UnitedHealth Group in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. UnitedHealth Group has an average rating of Buy and an average target price of $203.59.
UnitedHealth Group (NYSE:UNH) opened at 198.06 on Thursday. The company has a 50 day moving average price of $196.36 and a 200 day moving average price of $183.56. UnitedHealth Group has a 12 month low of $133.03 and a 12 month high of $200.76. The stock has a market capitalization of $191.50 billion, a price-to-earnings ratio of 23.79 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.08. The company had revenue of $50.05 billion during the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.96 EPS. Equities research analysts predict that UnitedHealth Group will post $9.87 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. UnitedHealth Group’s payout ratio is 35.13%.
In other news, Director Gail R. Wilensky sold 5,600 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the transaction, the director now owns 60,834 shares in the company, valued at approximately $12,135,774.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Larry C. Renfro sold 50,574 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,174 shares of company stock worth $14,981,909. Insiders own 0.89% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of UnitedHealth Group by 1.2% during the 2nd quarter. BlackRock Inc. now owns 69,430,416 shares of the healthcare conglomerate’s stock worth $12,873,786,000 after purchasing an additional 796,654 shares during the period. Vanguard Group Inc. increased its holdings in shares of UnitedHealth Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 64,578,618 shares of the healthcare conglomerate’s stock worth $11,974,168,000 after purchasing an additional 1,588,516 shares during the period. FMR LLC increased its holdings in shares of UnitedHealth Group by 2.1% during the 2nd quarter. FMR LLC now owns 56,101,668 shares of the healthcare conglomerate’s stock worth $10,402,371,000 after purchasing an additional 1,168,324 shares during the period. State Street Corp increased its holdings in shares of UnitedHealth Group by 2.5% during the 1st quarter. State Street Corp now owns 45,724,509 shares of the healthcare conglomerate’s stock worth $7,499,276,000 after purchasing an additional 1,122,534 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of UnitedHealth Group by 2.3% during the 2nd quarter. Alliancebernstein L.P. now owns 7,906,936 shares of the healthcare conglomerate’s stock worth $1,466,104,000 after purchasing an additional 174,290 shares during the period. Institutional investors own 86.19% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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