UnitedHealth Group Incorporated (NYSE:UNH) – Research analysts at Cantor Fitzgerald issued their FY2018 earnings estimates for UnitedHealth Group in a research report issued to clients and investors on Friday. Cantor Fitzgerald analyst S. Halper anticipates that the healthcare conglomerate will post earnings per share of $10.75 for the year. Cantor Fitzgerald has a “Overweight” rating and a $205.00 price objective on the stock.
UNH has been the subject of several other reports. Jefferies Group LLC restated a “buy” rating and issued a $192.00 price objective on shares of UnitedHealth Group in a report on Friday, May 19th. Vetr lowered shares of UnitedHealth Group from a “buy” rating to a “hold” rating and set a $179.00 price objective for the company. in a report on Monday, April 24th. Zacks Investment Research upgraded shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $201.00 price objective for the company in a report on Wednesday, June 7th. Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of UnitedHealth Group in a report on Wednesday, April 19th. Finally, CIBC upped their price objective on shares of UnitedHealth Group from $186.00 to $187.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and a consensus target price of $184.31.
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Shares of UnitedHealth Group (NYSE:UNH) opened at 185.25 on Monday. UnitedHealth Group has a 1-year low of $132.39 and a 1-year high of $186.27. The company has a market capitalization of $178.52 billion, a P/E ratio of 23.71 and a beta of 0.65. The firm has a 50-day moving average of $176.65 and a 200 day moving average of $167.43.
UnitedHealth Group (NYSE:UNH) last announced its earnings results on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.20. UnitedHealth Group had a net margin of 4.13% and a return on equity of 21.42%. The business had revenue of $48.72 billion during the quarter, compared to the consensus estimate of $48.21 billion. During the same quarter last year, the firm earned $1.81 earnings per share. UnitedHealth Group’s quarterly revenue was up 9.4% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 27th. Shareholders of record on Monday, June 19th will be paid a dividend of $0.75 per share. This is a positive change from UnitedHealth Group’s previous quarterly dividend of $0.63. This represents a $3.00 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, June 15th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 37.36%.
In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 838 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $169.12, for a total transaction of $141,722.56. Following the completion of the sale, the director now directly owns 28,528 shares in the company, valued at approximately $4,824,655.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP D Ellen Wilson sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $170.54, for a total transaction of $2,387,560.00. Following the sale, the executive vice president now owns 31,993 shares of the company’s stock, valued at $5,456,086.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,378 shares of company stock valued at $5,285,052. 0.89% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Pathstone Family Office LLC purchased a new stake in UnitedHealth Group during the first quarter worth $100,000. Patriot Financial Group Insurance Agency LLC raised its stake in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares in the last quarter. Cribstone Capital Management LLC raised its stake in UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 125 shares in the last quarter. Kings Point Capital Management raised its stake in UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares in the last quarter. Finally, Intellectus Partners LLC purchased a new stake in UnitedHealth Group during the fourth quarter worth $111,000. Institutional investors and hedge funds own 86.74% of the company’s stock.
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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