UnitedHealth Group Incorporated (UNH) Price Target Increased to $225.00 by Analysts at Cantor Fitzgerald
UnitedHealth Group Incorporated (NYSE:UNH) had its price target increased by Cantor Fitzgerald to $225.00 in a report issued on Wednesday. The firm currently has an overweight rating on the healthcare conglomerate’s stock.
UNH has been the subject of a number of other reports. Barclays PLC lifted their price target on shares of UnitedHealth Group from $200.00 to $217.00 and gave the stock an overweight rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of UnitedHealth Group from a hold rating to a buy rating and set a $219.00 price target for the company in a research note on Thursday, September 21st. Cowen and Company reiterated a buy rating on shares of UnitedHealth Group in a research note on Friday, July 14th. Jefferies Group LLC reiterated a buy rating and issued a $215.00 price target on shares of UnitedHealth Group in a research note on Friday, August 18th. Finally, BidaskClub lowered shares of UnitedHealth Group from a strong-buy rating to a buy rating in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. UnitedHealth Group currently has an average rating of Buy and a consensus target price of $215.27.
Shares of UnitedHealth Group (NYSE UNH) traded down 0.70% during mid-day trading on Wednesday, hitting $203.80. 2,443,443 shares of the company were exchanged. The company has a 50 day moving average of $196.96 and a 200 day moving average of $185.50. The company has a market capitalization of $201.56 billion, a P/E ratio of 23.14 and a beta of 0.63. UnitedHealth Group has a 52 week low of $133.03 and a 52 week high of $207.80.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.09. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. The firm had revenue of $50.32 billion during the quarter, compared to analyst estimates of $50.38 billion. During the same period in the previous year, the business posted $2.17 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Equities analysts anticipate that UnitedHealth Group will post $9.91 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Thursday, September 7th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 33.26%.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total value of $969,900.00. Following the transaction, the director now owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gail R. Wilensky sold 5,600 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The disclosure for this sale can be found here. Insiders sold 76,174 shares of company stock worth $14,981,909 in the last three months. Insiders own 0.89% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in UNH. Patriot Financial Group Insurance Agency LLC raised its stake in UnitedHealth Group by 1,722.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after purchasing an additional 603 shares in the last quarter. Blue Chip Partners Inc. purchased a new stake in UnitedHealth Group during the second quarter valued at $110,000. Kings Point Capital Management raised its stake in UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock valued at $113,000 after purchasing an additional 150 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in UnitedHealth Group during the second quarter valued at $114,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after purchasing an additional 520 shares in the last quarter. 86.11% of the stock is currently owned by 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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