UnitedHealth Group Inc (NYSE:UNH) – Analysts at Leerink Swann raised their FY2018 EPS estimates for UnitedHealth Group in a research note issued on Wednesday, October 17th. Leerink Swann analyst A. Gupte now expects that the healthcare conglomerate will post earnings per share of $12.97 for the year, up from their prior estimate of $12.80. Leerink Swann has a “Outperform” rating on the stock. Leerink Swann also issued estimates for UnitedHealth Group’s Q4 2018 earnings at $3.38 EPS, Q1 2019 earnings at $3.47 EPS, Q2 2019 earnings at $3.64 EPS, Q3 2019 earnings at $3.87 EPS, Q4 2019 earnings at $3.80 EPS, FY2019 earnings at $14.77 EPS, FY2020 earnings at $16.87 EPS and FY2021 earnings at $18.73 EPS.
UNH has been the subject of a number of other reports. Goldman Sachs Group reiterated a “buy” rating and set a $277.00 price target on shares of UnitedHealth Group in a report on Tuesday, July 17th. Piper Jaffray Companies upped their price target on shares of UnitedHealth Group to $300.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of UnitedHealth Group from $282.00 to $284.00 and gave the company a “$255.42” rating in a report on Wednesday, July 18th. Raymond James upped their price target on shares of UnitedHealth Group from $304.00 to $310.00 and gave the company a “strong-buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $287.00 price target for the company in a report on Sunday, July 15th. One investment analyst has rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. UnitedHealth Group has an average rating of “Buy” and a consensus price target of $286.83.
NYSE:UNH opened at $267.30 on Thursday. UnitedHealth Group has a 52 week low of $202.70 and a 52 week high of $272.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $256.06 billion, a P/E ratio of 26.54, a PEG ratio of 1.58 and a beta of 0.73.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 16th. The healthcare conglomerate reported $3.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.30 by $0.11. UnitedHealth Group had a net margin of 5.55% and a return on equity of 22.79%. The company had revenue of $56.56 billion during the quarter, compared to analysts’ expectations of $56.34 billion. During the same quarter in the prior year, the company earned $2.66 EPS. The firm’s revenue was up 12.4% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Argent Trust Co grew its position in UnitedHealth Group by 8.3% during the 4th quarter. Argent Trust Co now owns 13,911 shares of the healthcare conglomerate’s stock valued at $3,066,000 after purchasing an additional 1,061 shares during the last quarter. Maple Capital Management Inc. purchased a new stake in shares of UnitedHealth Group during the 1st quarter valued at about $5,482,000. Claraphi Advisory Network LLC boosted its holdings in shares of UnitedHealth Group by 11.1% during the 1st quarter. Claraphi Advisory Network LLC now owns 6,501 shares of the healthcare conglomerate’s stock valued at $1,391,000 after acquiring an additional 652 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of UnitedHealth Group by 4.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,871,900 shares of the healthcare conglomerate’s stock valued at $614,587,000 after acquiring an additional 117,065 shares during the last quarter. Finally, First Pacific Advisors LLC boosted its holdings in shares of UnitedHealth Group by 15.8% during the 1st quarter. First Pacific Advisors LLC now owns 4,400 shares of the healthcare conglomerate’s stock valued at $942,000 after acquiring an additional 600 shares during the last quarter. 85.35% of the stock is currently owned by hedge funds and other institutional investors.
In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $254.79, for a total value of $3,821,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven H. Nelson sold 26,033 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $270.65, for a total transaction of $7,045,831.45. The disclosure for this sale can be found here. Insiders sold a total of 94,568 shares of company stock valued at $24,950,027 over the last 90 days. Company insiders own 0.87% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Friday, September 7th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, September 6th. This represents a $3.60 annualized dividend and a yield of 1.35%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 35.75%.
About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
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