UnitedHealth Group Incorporated (UNH) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of UnitedHealth Group Incorporated (NYSE:UNH) from a hold rating to a buy rating in a research note issued to investors on Friday.

UNH has been the subject of several other reports. Vetr upgraded UnitedHealth Group from a hold rating to a buy rating and set a $179.00 price target for the company in a research report on Monday, May 15th. Zacks Investment Research upgraded UnitedHealth Group from a hold rating to a buy rating and set a $188.00 target price for the company in a research report on Thursday, March 2nd. Mizuho boosted their target price on UnitedHealth Group from $178.00 to $200.00 and gave the stock a buy rating in a research report on Tuesday, April 18th. Wells Fargo & Company restated an outperform rating on shares of UnitedHealth Group in a research report on Tuesday, February 21st. Finally, Leerink Swann boosted their target price on UnitedHealth Group from $195.00 to $210.00 and gave the stock a hold rating in a research report on Tuesday, February 28th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $184.23.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $0.20. The company had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.21 billion. UnitedHealth Group had a return on equity of 21.42% and a net margin of 4.13%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 earnings per share.

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The firm also recently announced 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 represents a $3.00 annualized dividend and a yield of 1.66%. This is an increase from UnitedHealth Group’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Thursday, June 15th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 31.13%.

In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 838 shares of the stock in a transaction on Wednesday, April 19th. The stock was sold at an average price of $169.12, for a total transaction of $141,722.56. Following the sale, the director now directly owns 28,528 shares in the company, valued at approximately $4,824,655.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michele J. Hooper sold 15,000 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $170.89, for a total value of $2,563,350.00. Following the sale, the director now owns 35,941 shares in the company, valued at $6,141,957.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,378 shares of company stock worth $7,848,402. Company insiders own 0.89% of the company’s stock.

A number of hedge funds have recently modified their holdings of UNH. Pathstone Family Office LLC acquired a new stake in shares of UnitedHealth Group during the first quarter valued at approximately $100,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of 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 valued at $106,000 after buying an additional 603 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of UnitedHealth Group during the third quarter valued at approximately $111,000. Intellectus Partners LLC acquired a new stake in shares of UnitedHealth Group during the fourth quarter valued at approximately $111,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of UnitedHealth Group during the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 86.69% 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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