Investors Buy UnitedHealth Group Inc. (UNH) on Weakness
Investors bought shares of UnitedHealth Group Inc. (NYSE:UNH) on weakness during trading on Wednesday. $82.29 million flowed into the stock on the tick-up and $44.73 million flowed out of the stock on the tick-down, for a money net flow of $37.56 million into the stock. Of all equities tracked, UnitedHealth Group had the 21st highest net in-flow for the day. UnitedHealth Group traded down ($0.29) for the day and closed at $142.88
A number of research firms have recently commented on UNH. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of UnitedHealth Group in a report on Tuesday, July 19th. Argus raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Friday, July 22nd. Jefferies Group reissued a “buy” rating and issued a $153.00 target price on shares of UnitedHealth Group in a report on Tuesday, May 17th. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, Citigroup Inc. increased their target price on shares of UnitedHealth Group from $148.00 to $164.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $153.44.
The company has a market cap of $138.16 billion and a price-to-earnings ratio of 22.36. The firm’s 50-day moving average is $140.76 and its 200 day moving average is $129.65.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, July 19th. The healthcare conglomerate reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.07. The business had revenue of $46.50 billion for the quarter, compared to analysts’ expectations of $45.05 billion. On average, equities analysts anticipate that UnitedHealth Group Inc. will post $7.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 9th will be paid a dividend of $0.625 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $2.50 annualized dividend and a dividend yield of 1.75%.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $138.58, for a total transaction of $692,900.00. Following the transaction, the director now directly owns 72,229 shares of the company’s stock, valued at $10,009,494.82. 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 5,500 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $139.80, for a total value of $768,900.00. Following the transaction, the director now directly owns 59,019 shares in the company, valued at $8,250,856.20. The disclosure for this sale can be found here.
Other institutional investors have bought and sold shares of the company. American International Group Inc. boosted its position in UnitedHealth Group by 0.8% in the fourth quarter. American International Group Inc. now owns 454,179 shares of the healthcare conglomerate’s stock valued at $53,429,000 after buying an additional 3,479 shares during the period. Montag A & Associates Inc. boosted its position in UnitedHealth Group by 52.6% in the fourth quarter. Montag A & Associates Inc. now owns 21,570 shares of the healthcare conglomerate’s stock valued at $2,537,000 after buying an additional 7,435 shares during the period. Airain ltd acquired a new position in UnitedHealth Group during the fourth quarter valued at about $2,209,000. Employees Retirement System of Texas boosted its position in UnitedHealth Group by 13.4% in the fourth quarter. Employees Retirement System of Texas now owns 244,000 shares of the healthcare conglomerate’s stock valued at $28,704,000 after buying an additional 28,800 shares during the period. Finally, Ashburton Jersey Ltd acquired a new position in UnitedHealth Group during the fourth quarter valued at about $4,968,000.
UnitedHealth Group Incorporated is a diversified healthcare company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Company conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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