Investors Sell UnitedHealth Group Incorporated (UNH) on Strength (UNH)
Investors sold shares of UnitedHealth Group Incorporated (NYSE:UNH) on strength during trading hours on Tuesday. $33.39 million flowed into the stock on the tick-up and $45.02 million flowed out of the stock on the tick-down, for a money net flow of $11.63 million out of the stock. Of all equities tracked, UnitedHealth Group had the 33rd highest net out-flow for the day. UnitedHealth Group traded up $0.22 for the day and closed at $199.97
Several analysts have recently commented on the stock. ValuEngine raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Friday. Cantor Fitzgerald reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Tuesday, August 29th. UBS AG reaffirmed an “overweight” rating on shares of UnitedHealth Group in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $215.00 price objective on shares of UnitedHealth Group in a report on Friday, August 18th. Finally, Morgan Stanley upped their price objective on shares of UnitedHealth Group from $210.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $203.41.
The company has a market capitalization of $192.70 billion, a P/E ratio of 23.94 and a beta of 0.63. The firm has a 50-day moving average price of $193.42 and a 200-day moving average price of $178.95.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the consensus estimate of $2.38 by $0.08. The company had revenue of $50.05 billion for the quarter, compared to analyst estimates of $49.97 billion. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. On average, equities analysts predict that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $3.00 annualized dividend and a dividend yield of 1.51%. UnitedHealth Group’s payout ratio is currently 35.13%.
In related news, Director Richard T. Burke sold 15,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $191.71, for a total value of $2,875,650.00. Following the sale, the director now directly owns 1,818,898 shares in the company, valued at approximately $348,700,935.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $182.64, for a total transaction of $913,200.00. Following the completion of the sale, the director now owns 75,735 shares in the company, valued at $13,832,240.40. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $4,758,750 over the last 90 days. Insiders own 0.89% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in UNH. Patten & Patten Inc. TN boosted its position in shares of UnitedHealth Group by 14.2% in the 1st quarter. Patten & Patten Inc. TN now owns 7,125 shares of the healthcare conglomerate’s stock worth $1,169,000 after buying an additional 885 shares in the last quarter. Barometer Capital Management Inc. boosted its position in shares of UnitedHealth Group by 37.5% in the 1st quarter. Barometer Capital Management Inc. now owns 152,900 shares of the healthcare conglomerate’s stock worth $25,077,000 after buying an additional 41,700 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of UnitedHealth Group in the 1st quarter worth about $331,000. Ledyard National Bank boosted its position in shares of UnitedHealth Group by 62.7% in the 1st quarter. Ledyard National Bank now owns 1,103 shares of the healthcare conglomerate’s stock worth $181,000 after buying an additional 425 shares in the last quarter. Finally, Johanson Financial Advisors Inc. purchased a new stake in shares of UnitedHealth Group in the 1st quarter worth about $1,068,000. Institutional investors and hedge funds own 86.21% 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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