UnitedHealth Group (UNH) PT Raised to $280.00

UnitedHealth Group (NYSE:UNH) had its target price hoisted by Royal Bank of Canada from $269.00 to $280.00 in a research report report published on Wednesday morning, The Fly reports. They currently have an outperform rating on the healthcare conglomerate’s stock.

Several other research analysts have also recently weighed in on the company. Piper Jaffray Companies reiterated a buy rating and set a $259.00 price target on shares of UnitedHealth Group in a research report on Wednesday. Cantor Fitzgerald reiterated a buy rating and set a $235.00 price target on shares of UnitedHealth Group in a research report on Tuesday. Evercore ISI reiterated an outperform rating and set a $255.00 price target (up from $235.00) on shares of UnitedHealth Group in a research report on Friday, January 12th. Goldman Sachs Group initiated coverage on UnitedHealth Group in a research report on Wednesday, January 3rd. They set a buy rating and a $269.00 price target for the company. Finally, Credit Suisse Group reiterated a buy rating on shares of UnitedHealth Group in a research report on Wednesday, December 27th. Three investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $241.30.

UnitedHealth Group (UNH) traded up $4.73 during trading on Wednesday, hitting $243.16. The company had a trading volume of 6,233,080 shares, compared to its average volume of 2,990,000. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group has a 12-month low of $156.09 and a 12-month high of $243.90. The firm has a market capitalization of $235,100.00, a P/E ratio of 22.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.66.

UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.09. UnitedHealth Group had a return on equity of 21.79% and a net margin of 5.25%. The firm had revenue of $52.06 billion during the quarter, compared to the consensus estimate of $51.57 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue was up 9.5% compared to the same quarter last year. analysts expect that UnitedHealth Group will post 11.66 EPS for the current fiscal year.

In other news, CEO Larry C. Renfro sold 22,598 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $221.75, for a total value of $5,011,106.50. Following the completion of the sale, the chief executive officer now directly owns 195,314 shares in the company, valued at $43,310,879.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michele J. Hooper sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $222.20, for a total value of $1,111,000.00. Following the completion of the sale, the director now owns 36,989 shares of the company’s stock, valued at $8,218,955.80. The disclosure for this sale can be found here. Insiders sold 33,655 shares of company stock valued at $7,469,083 over the last 90 days. Company insiders own 0.89% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Capital International Investors increased its position in shares of UnitedHealth Group by 399.3% during the third quarter. Capital International Investors now owns 4,132,602 shares of the healthcare conglomerate’s stock worth $809,370,000 after purchasing an additional 3,304,902 shares in the last quarter. Jennison Associates LLC increased its position in shares of UnitedHealth Group by 146.0% during the third quarter. Jennison Associates LLC now owns 5,541,977 shares of the healthcare conglomerate’s stock worth $1,085,396,000 after purchasing an additional 3,289,470 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of UnitedHealth Group by 1,820.1% during the second 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 position in shares of UnitedHealth Group by 2.5% during the second 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. Finally, Parametric Portfolio Associates LLC increased its position in shares of UnitedHealth Group by 77.3% during the second 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. Institutional investors and hedge funds own 86.09% of the company’s stock.

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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.

The Fly

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