UnitedHealth Group (UNH) Rating Reiterated by Leerink Swann
Leerink Swann reaffirmed their outperform rating on shares of UnitedHealth Group (NYSE:UNH) in a research report report published on Friday. Leerink Swann also issued estimates for UnitedHealth Group’s FY2018 earnings at $10.85 EPS.
A number of other equities research analysts also recently issued reports on the stock. Jefferies Group reaffirmed a buy rating and set a $248.00 price target on shares of UnitedHealth Group in a research note on Friday. Piper Jaffray Companies increased their target price on shares of UnitedHealth Group to $242.00 and gave the company an overweight rating in a research note on Wednesday, November 29th. Royal Bank Of Canada increased their target price on shares of UnitedHealth Group to $244.00 and gave the company an outperform rating in a research note on Wednesday, November 29th. They noted that the move was a valuation call. Credit Suisse Group reissued a positive rating and issued a $240.00 target price (up previously from $233.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Finally, Oppenheimer increased their target price on shares of UnitedHealth Group from $215.00 to $225.00 and gave the company an outperform rating in a research note on Wednesday, November 29th. Three research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $224.56.
Shares of UnitedHealth Group (UNH) opened at $221.42 on Friday. The stock has a market cap of $215,080.00, a price-to-earnings ratio of 23.62, a P/E/G ratio of 1.68 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70. UnitedHealth Group has a 12 month low of $156.09 and a 12 month high of $231.77.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. The company had revenue of $50.32 billion for the quarter, compared to the consensus estimate of $50.38 billion. UnitedHealth Group had a net margin of 4.50% and a return on equity of 21.52%. UnitedHealth Group’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 earnings per share. equities analysts forecast that UnitedHealth Group will post 9.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, November 30th. UnitedHealth Group’s payout ratio is presently 34.09%.
In other news, Director Kenneth Irwin Shine sold 457 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gail R. Wilensky sold 5,600 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $223.31, for a total transaction of $1,250,536.00. Following the completion of the transaction, the director now owns 61,137 shares in the company, valued at $13,652,503.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,606 shares of company stock worth $11,566,525. Company insiders own 0.89% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Institutional & Family Asset Management LLC grew its holdings in UnitedHealth Group by 4.6% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 19,346 shares of the healthcare conglomerate’s stock worth $3,789,000 after acquiring an additional 857 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in UnitedHealth Group during the 3rd quarter worth about $7,787,000. Visionary Asset Management Inc. bought a new position in UnitedHealth Group during the 3rd quarter worth about $309,000. Jana Partners LLC bought a new position in UnitedHealth Group during the 3rd quarter worth about $44,601,000. Finally, Public Employees Retirement System of Ohio grew its holdings in UnitedHealth Group by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 711,891 shares of the healthcare conglomerate’s stock worth $139,424,000 after acquiring an additional 8,769 shares in the last quarter. Hedge funds and other institutional investors own 86.20% 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.
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