Investors Sell Shares of UnitedHealth Group Incorporated (UNH) on Strength (UNH)
Traders sold shares of UnitedHealth Group Incorporated (NYSE:UNH) on strength during trading hours on Thursday. $91.01 million flowed into the stock on the tick-up and $123.85 million flowed out of the stock on the tick-down, for a money net flow of $32.84 million out of the stock. Of all stocks tracked, UnitedHealth Group had the 29th highest net out-flow for the day. UnitedHealth Group traded up $0.54 for the day and closed at $198.17
Several analysts recently weighed in on the company. ValuEngine upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Cantor Fitzgerald restated a “buy” rating on shares of UnitedHealth Group in a research note on Tuesday, August 29th. UBS AG restated an “overweight” rating on shares of UnitedHealth Group in a research note on Thursday, August 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $215.00 price objective on shares of UnitedHealth Group in a research report on Friday, August 18th. Finally, Morgan Stanley raised their price objective on UnitedHealth Group from $210.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. UnitedHealth Group presently has an average rating of “Buy” and a consensus price target of $203.41.
The firm’s 50 day moving average price is $193.88 and its 200-day moving average price is $179.09. The firm has a market capitalization of $191.60 billion, a PE ratio of 23.81 and a beta of 0.63.
UnitedHealth Group (NYSE:UNH) last released its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.08. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.32%. The firm had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that UnitedHealth Group Incorporated will post $9.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, September 7th. UnitedHealth Group’s payout ratio is presently 35.13%.
In other news, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total value of $969,900.00. Following the completion of the transaction, the director now directly owns 76,058 shares in the company, valued at approximately $14,753,730.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction on 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 completion of the transaction, the director now owns 1,818,898 shares of the company’s stock, valued at $348,700,935.58. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in UNH. Patten & Patten Inc. TN lifted its stake 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 valued at $1,169,000 after acquiring an additional 885 shares during the last quarter. Barometer Capital Management Inc. lifted its stake 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 valued at $25,077,000 after acquiring an additional 41,700 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of UnitedHealth Group in the 1st quarter valued at $331,000. Ledyard National Bank lifted its stake 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 valued at $181,000 after acquiring an additional 425 shares during the last quarter. Finally, Johanson Financial Advisors Inc. bought a new position in shares of UnitedHealth Group in the 1st quarter valued at $1,068,000. Institutional investors own 86.21% of the company’s stock.
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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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