UnitedHealth Group Incorporated (NYSE:UNH) – Investment analysts at Jefferies Group lifted their FY2017 earnings estimates for shares of UnitedHealth Group in a research note issued on Tuesday. Jefferies Group analyst D. Windley now forecasts that the healthcare conglomerate will earn $10.00 per share for the year, up from their previous estimate of $9.88. Jefferies Group currently has a “Buy” rating and a $225.00 target price on the stock. Jefferies Group also issued estimates for UnitedHealth Group’s Q4 2017 earnings at $2.51 EPS, Q1 2018 earnings at $2.68 EPS, Q2 2018 earnings at $2.67 EPS, Q3 2018 earnings at $2.88 EPS, Q4 2018 earnings at $2.63 EPS, FY2018 earnings at $10.86 EPS and FY2019 earnings at $12.42 EPS.
UNH has been the topic of several other reports. Barclays PLC lifted their target price on UnitedHealth Group from $200.00 to $217.00 and gave the stock an “overweight” rating in a report on Wednesday, July 19th. Leerink Swann reaffirmed a “buy” rating and set a $240.00 target price (up from $225.00) on shares of UnitedHealth Group in a report on Wednesday. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $219.00 target price on the stock in a report on Thursday, September 21st. Cowen and Company reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Friday, July 14th. Finally, Oppenheimer Holdings, Inc. lifted their target price on UnitedHealth Group from $215.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $215.27.
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UnitedHealth Group (UNH) opened at 203.25 on Thursday. The stock’s 50 day moving average price is $197.17 and its 200-day moving average price is $185.63. The firm has a market capitalization of $201.01 billion, a price-to-earnings ratio of 23.08 and a beta of 0.63. UnitedHealth Group has a one year low of $133.03 and a one year high of $207.80.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $2.17 earnings per share.
In other UnitedHealth Group news, Director Gail R. Wilensky sold 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $199.49, for a total transaction of $1,117,144.00. Following the completion of the sale, the director now directly owns 60,834 shares of the company’s stock, valued at approximately $12,135,774.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the sale, the director now directly owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The disclosure for this sale can be found here. Insiders sold a total of 76,174 shares of company stock valued at $14,981,909 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of UNH. Harbour Capital Advisors LLC increased its holdings in UnitedHealth Group by 18,383.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,516,706 shares of the healthcare conglomerate’s stock worth $13,573,000 after purchasing an additional 2,503,090 shares in the last quarter. Janus Henderson Group PLC increased its holdings in UnitedHealth Group by 1,820.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,388,641 shares of the healthcare conglomerate’s stock worth $442,896,000 after purchasing an additional 2,264,242 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Parametric Portfolio Associates LLC increased its holdings in UnitedHealth Group by 77.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 3,584,134 shares of the healthcare conglomerate’s stock worth $664,570,000 after purchasing an additional 1,562,661 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in UnitedHealth Group by 180.4% during the 2nd quarter. Jennison Associates LLC now owns 2,252,507 shares of the healthcare conglomerate’s stock worth $417,660,000 after purchasing an additional 1,449,130 shares in the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.
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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