Q2 2023 EPS Estimates for UnitedHealth Group Incorporated Cut by Jefferies Financial Group (NYSE:UNH)

UnitedHealth Group Incorporated (NYSE:UNHGet Rating) – Equities research analysts at Jefferies Financial Group reduced their Q2 2023 earnings per share (EPS) estimates for shares of UnitedHealth Group in a report issued on Tuesday, January 17th. Jefferies Financial Group analyst D. Windley now anticipates that the healthcare conglomerate will earn $6.38 per share for the quarter, down from their previous forecast of $6.39. The consensus estimate for UnitedHealth Group’s current full-year earnings is $24.82 per share. Jefferies Financial Group also issued estimates for UnitedHealth Group’s FY2024 earnings at $28.15 EPS.

A number of other brokerages have also recently issued reports on UNH. SVB Leerink lowered their target price on UnitedHealth Group from $625.00 to $618.00 and set an “outperform” rating for the company in a report on Monday, October 17th. Deutsche Bank Aktiengesellschaft upped their target price on UnitedHealth Group from $569.00 to $615.00 and gave the stock a “buy” rating in a report on Tuesday, October 18th. UBS Group lowered their target price on UnitedHealth Group from $590.00 to $550.00 in a report on Wednesday. StockNews.com initiated coverage on UnitedHealth Group in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Finally, Raymond James cut UnitedHealth Group from a “strong-buy” rating to an “outperform” rating and set a $615.00 price target for the company. in a research note on Monday, November 21st. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $599.28.

UnitedHealth Group Price Performance

Shares of UNH opened at $476.24 on Thursday. UnitedHealth Group has a 12-month low of $445.73 and a 12-month high of $558.10. The business has a 50-day simple moving average of $522.43 and a two-hundred day simple moving average of $525.11. The company has a quick ratio of 0.82, a current ratio of 0.77 and a debt-to-equity ratio of 0.67. The stock has a market cap of $444.97 billion, a PE ratio of 22.47, a PEG ratio of 1.35 and a beta of 0.73.

UnitedHealth Group (NYSE:UNHGet Rating) last announced its quarterly earnings data on Friday, January 13th. The healthcare conglomerate reported $5.34 earnings per share for the quarter, topping the consensus estimate of $5.17 by $0.17. UnitedHealth Group had a return on equity of 27.04% and a net margin of 6.21%. The business had revenue of $82.79 billion during the quarter, compared to the consensus estimate of $82.53 billion. During the same period in the prior year, the company earned $4.48 EPS. UnitedHealth Group’s revenue for the quarter was up 12.3% on a year-over-year basis.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 13th. Shareholders of record on Monday, December 5th were paid a $1.65 dividend. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $6.60 dividend on an annualized basis and a yield of 1.39%. UnitedHealth Group’s dividend payout ratio (DPR) is presently 31.15%.

Insider Buying and Selling at UnitedHealth Group

In related news, EVP Erin Mcsweeney sold 450 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, December 7th. The stock was sold at an average price of $542.30, for a total transaction of $244,035.00. Following the transaction, the executive vice president now owns 8,736 shares of the company’s stock, valued at $4,737,532.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UNH. KFG Wealth Management LLC bought a new stake in UnitedHealth Group during the fourth quarter worth $204,000. Oak Harbor Wealth Partners LLC lifted its holdings in UnitedHealth Group by 2.0% during the fourth quarter. Oak Harbor Wealth Partners LLC now owns 1,586 shares of the healthcare conglomerate’s stock worth $841,000 after acquiring an additional 31 shares during the period. Prentice Wealth Management LLC lifted its holdings in UnitedHealth Group by 3.1% during the fourth quarter. Prentice Wealth Management LLC now owns 2,230 shares of the healthcare conglomerate’s stock worth $1,182,000 after acquiring an additional 68 shares during the period. Juncture Wealth Strategies LLC bought a new stake in UnitedHealth Group during the fourth quarter worth $224,000. Finally, Calton & Associates Inc. lifted its holdings in UnitedHealth Group by 6.9% during the fourth quarter. Calton & Associates Inc. now owns 1,193 shares of the healthcare conglomerate’s stock worth $633,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 86.31% of the company’s stock.

UnitedHealth Group Company Profile

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UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. 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 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; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Earnings History and Estimates for UnitedHealth Group (NYSE:UNH)

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