Investors Sell Shares of UnitedHealth Group Incorporated (UNH) on Strength (UNH)
Traders sold shares of UnitedHealth Group Incorporated (NYSE:UNH) on strength during trading hours on Tuesday. $104.69 million flowed into the stock on the tick-up and $142.98 million flowed out of the stock on the tick-down, for a money net flow of $38.29 million out of the stock. Of all companies tracked, UnitedHealth Group had the 0th highest net out-flow for the day. UnitedHealth Group traded up $2.35 for the day and closed at $212.60
Several research analysts have commented on the stock. Cowen and Company reissued an “outperform” rating and set a $220.00 price objective (up previously from $175.00) on shares of UnitedHealth Group in a report on Friday, August 11th. Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley increased their price target on shares of UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. increased their price target on shares of UnitedHealth Group from $215.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $208.00 price target on shares of UnitedHealth Group in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $216.65.
The company has a market capitalization of $206,023.75, a PE ratio of 22.15, a PEG ratio of 1.58 and a beta of 0.64. 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 posted its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 4.50% and a return on equity of 21.52%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 earnings per share. analysts anticipate that UnitedHealth Group Incorporated will post 9.99 earnings per share for the current fiscal 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 given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.42%. UnitedHealth Group’s dividend payout ratio is presently 33.26%.
In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of UnitedHealth Group stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Roos sold 975 shares of UnitedHealth Group stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total transaction of $200,333.25. Following the completion of the transaction, the insider now directly owns 24,630 shares of the company’s stock, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. Insiders have sold 57,606 shares of company stock valued at $11,433,133 over the last 90 days. 0.89% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Chip Partners Inc. purchased a new position in UnitedHealth Group in the second quarter valued at $110,000. Bruderman Asset Management LLC purchased a new position in UnitedHealth Group in the second quarter valued at $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after buying an additional 520 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in UnitedHealth Group in the second quarter valued at $121,000. Finally, Kings Point Capital Management increased its holdings in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after buying an additional 150 shares in the last quarter. 85.71% of the stock is owned by institutional investors.
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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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