Sanford C. Bernstein reiterated their outperform rating on shares of UnitedHealth Group Incorporated (NYSE:UNH) in a research note released on Thursday, October 19th, The Fly reports. Sanford C. Bernstein currently has a $219.00 price objective on the healthcare conglomerate’s stock, up from their previous price objective of $210.00.
Several other research firms have also recently commented on UNH. Zacks Investment Research cut shares of UnitedHealth Group from a buy rating to a hold rating in a research report on Tuesday, October 10th. Morgan Stanley upped their target price on shares of UnitedHealth Group from $202.00 to $210.00 and gave the stock an overweight rating in a research report on Wednesday, June 28th. ValuEngine cut shares of UnitedHealth Group from a buy rating to a hold rating in a report on Thursday, October 5th. Deutsche Bank AG raised their target price on shares of UnitedHealth Group from $187.00 to $197.00 and gave the stock a buy rating in a report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. restated an outperform rating and set a $205.00 target price (up from $203.00) on shares of UnitedHealth Group in a report on Friday, July 21st. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $215.27.
UnitedHealth Group (NYSE:UNH) traded up 1.65% during trading on Thursday, reaching $212.60. The company’s stock had a trading volume of 4,385,348 shares. UnitedHealth Group has a one year low of $136.22 and a one year high of $212.77. The stock has a 50-day moving average of $198.15 and a 200 day moving average of $186.99. The firm has a market capitalization of $210.26 billion, a P/E ratio of 24.14 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.09. The firm had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. UnitedHealth Group’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.17 earnings per share. On average, equities research analysts predict that UnitedHealth Group will post $9.99 EPS for the current fiscal year.
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In related news, Director William C. Ballard, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now directly owns 76,058 shares in the company, valued at $14,753,730.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the transaction, the director now owns 1,818,898 shares in the company, valued at $348,700,935.58. The disclosure for this sale can be found here. Insiders have sold 77,149 shares of company stock worth $15,182,242 over the last ninety days. Insiders own 0.89% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in UnitedHealth Group by 1,722.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after buying an additional 603 shares during the last quarter. Blue Chip Partners Inc. bought a new position in UnitedHealth Group during the 2nd quarter worth approximately $110,000. Kings Point Capital Management raised its holdings in UnitedHealth Group by 27.9% during the 1st quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after purchasing an additional 150 shares during the last quarter. Bruderman Asset Management LLC bought a new position in UnitedHealth Group during the 2nd quarter worth approximately $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in UnitedHealth Group by 433.3% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after purchasing an additional 520 shares during the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.
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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