UnitedHealth Group Incorporated (UNH) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

UnitedHealth Group Incorporated (NYSE:UNH) issued its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09, Bloomberg Earnings reports. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same quarter last year, the business posted $2.17 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. UnitedHealth Group updated its FY17 guidance to $10.00 EPS.

UnitedHealth Group (UNH) opened at 209.15 on Friday. The stock has a market capitalization of $206.85 billion, a PE ratio of 23.75 and a beta of 0.63. UnitedHealth Group has a 12-month low of $136.22 and a 12-month high of $211.70. The company’s 50-day moving average is $198.15 and its 200 day moving average is $186.99.

In other news, insider Larry C. Renfro sold 50,574 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $38,755,268.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $191.71, for a total value of $2,875,650.00. Following the transaction, the director now owns 1,818,898 shares in the company, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,149 shares of company stock worth $15,182,242. Insiders own 0.89% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Independence Trust CO purchased a new position in shares of UnitedHealth Group during the 3rd quarter valued at approximately $200,000. United Bank Inc. purchased a new position in UnitedHealth Group in the 3rd quarter valued at $201,000. Honeywell International Inc. lifted its holdings in UnitedHealth Group by 23.3% in the 3rd quarter. Honeywell International Inc. now owns 265,500 shares of the healthcare conglomerate’s stock valued at $51,998,000 after purchasing an additional 50,100 shares in the last quarter. IFC Holdings Incorporated FL lifted its holdings in UnitedHealth Group by 2.1% in the 3rd quarter. IFC Holdings Incorporated FL now owns 31,572 shares of the healthcare conglomerate’s stock valued at $6,171,000 after purchasing an additional 661 shares in the last quarter. Finally, First Business Financial Services Inc. lifted its holdings in UnitedHealth Group by 9.0% in the 3rd quarter. First Business Financial Services Inc. now owns 3,508 shares of the healthcare conglomerate’s stock valued at $687,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.

A number of equities analysts have recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of UnitedHealth Group to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Citigroup Inc. lifted their price target on shares of UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Oppenheimer Holdings, Inc. lifted their price target on shares of UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Mizuho reiterated a “buy” rating on shares of UnitedHealth Group in a report on Tuesday. Finally, Cowen and Company reissued an “outperform” rating and set a $220.00 target price (up previously from $175.00) on shares of UnitedHealth Group in a research note on Friday, August 11th. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $215.27.

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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.

Earnings History for UnitedHealth Group (NYSE:UNH)

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