UnitedHealth Group (NYSE:UNH) Trading Up 1.8%

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UnitedHealth Group Inc (NYSE:UNH)’s share price was up 1.8% during trading on Monday . The stock traded as high as $275.57 and last traded at $274.25, approximately 4,166,879 shares traded hands during trading. An increase of 24% from the average daily volume of 3,356,998 shares. The stock had previously closed at $269.40.

Several equities analysts have recently commented on UNH shares. Morgan Stanley lowered their price target on shares of UnitedHealth Group from $298.00 to $294.00 and set an “overweight” rating on the stock in a report on Thursday, September 26th. ValuEngine upgraded shares of UnitedHealth Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Cantor Fitzgerald set a $310.00 price objective on shares of UnitedHealth Group and gave the stock a “buy” rating in a report on Tuesday, October 15th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “sell” rating to a “buy” rating and set a $269.00 price objective for the company in a report on Monday, July 22nd. Finally, Mizuho initiated coverage on shares of UnitedHealth Group in a report on Thursday, October 17th. They issued a “buy” rating and a $270.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $283.84.

The company has a debt-to-equity ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s fifty day simple moving average is $238.22 and its 200-day simple moving average is $241.89. The company has a market capitalization of $242.38 billion, a P/E ratio of 21.19, a PEG ratio of 1.36 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, October 15th. The healthcare conglomerate reported $3.88 EPS for the quarter, beating the Zacks’ consensus estimate of $3.75 by $0.13. The business had revenue of $60.35 billion during the quarter, compared to analyst estimates of $59.84 billion. UnitedHealth Group had a net margin of 5.57% and a return on equity of 25.30%. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.41 earnings per share. On average, research analysts predict that UnitedHealth Group Inc will post 14.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Monday, December 9th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.58%. UnitedHealth Group’s dividend payout ratio is currently 33.54%.

In other news, Director Richard T. Burke sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $236.56, for a total transaction of $5,914,000.00. Following the completion of the transaction, the director now owns 163,331 shares of the company’s stock, valued at $38,637,581.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas E. Roos sold 1,177 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $255.04, for a total transaction of $300,182.08. Following the completion of the transaction, the chief accounting officer now directly owns 21,687 shares of the company’s stock, valued at approximately $5,531,052.48. The disclosure for this sale can be found here. Insiders have sold 33,177 shares of company stock valued at $7,842,582 in the last ninety days. 0.82% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of UNH. Selective Wealth Management Inc. bought a new stake in shares of UnitedHealth Group during the third quarter valued at approximately $27,000. North Star Investment Management Corp. bought a new stake in shares of UnitedHealth Group during the third quarter valued at approximately $30,000. Delta Asset Management LLC TN grew its stake in shares of UnitedHealth Group by 111.0% during the third quarter. Delta Asset Management LLC TN now owns 154 shares of the healthcare conglomerate’s stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Fusion Family Wealth LLC grew its stake in shares of UnitedHealth Group by 329.7% during the third quarter. Fusion Family Wealth LLC now owns 159 shares of the healthcare conglomerate’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC grew its stake in shares of UnitedHealth Group by 212.5% during the third quarter. Massey Quick Simon & CO. LLC now owns 175 shares of the healthcare conglomerate’s stock valued at $38,000 after purchasing an additional 119 shares during the last quarter. 85.88% of the stock is owned by hedge funds and other institutional investors.

About UnitedHealth Group (NYSE:UNH)

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 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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