Evercore ISI Reaffirms Outperform Rating for UnitedHealth Group (UNH)
Evercore ISI reiterated their outperform rating on shares of UnitedHealth Group (NYSE:UNH) in a research note released on Friday, MarketBeat reports. The brokerage currently has a $255.00 target price on the healthcare conglomerate’s stock, up from their prior target price of $235.00.
UNH has been the subject of several other reports. Leerink Swann reissued a buy rating and issued a $240.00 price objective (up from $225.00) on shares of UnitedHealth Group in a report on Wednesday, October 18th. Zacks Investment Research raised UnitedHealth Group from a hold rating to a buy rating and set a $219.00 price objective for the company in a report on Thursday, September 21st. Cantor Fitzgerald increased their price objective on UnitedHealth Group to $225.00 and gave the company an overweight rating in a report on Wednesday, October 18th. Oppenheimer increased their price objective on UnitedHealth Group from $215.00 to $205.00 and gave the company an outperform rating in a report on Wednesday, October 18th. Finally, Wells Fargo & Co reissued an outperform rating and issued a $245.00 price objective (up from $230.00) on shares of UnitedHealth Group in a report on Wednesday, November 29th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $229.54.
UnitedHealth Group (NYSE UNH) opened at $228.64 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $221,060.00, a P/E ratio of 25.98, a P/E/G ratio of 1.54 and a beta of 0.66. UnitedHealth Group has a fifty-two week low of $156.09 and a fifty-two week high of $231.77.
In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas E. Roos sold 975 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total value of $200,333.25. Following the completion of the transaction, the insider now owns 24,630 shares of the company’s stock, valued at approximately $5,060,726.10. The disclosure for this sale can be found here. Insiders have sold 34,630 shares of company stock valued at $7,669,416 in the last 90 days. Company insiders own 0.89% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. KCS Wealth Advisory acquired a new stake in UnitedHealth Group in the fourth quarter valued at $822,000. Broadleaf Partners LLC acquired a new stake in UnitedHealth Group in the fourth quarter valued at $2,527,000. Bristol Advisors LLC acquired a new stake in UnitedHealth Group in the fourth quarter valued at $463,000. Independence Advisors LLC acquired a new stake in UnitedHealth Group in the fourth quarter valued at $214,000. Finally, Appleton Partners Inc. MA grew its holdings in UnitedHealth Group by 3.4% in the fourth quarter. Appleton Partners Inc. MA now owns 31,416 shares of the healthcare conglomerate’s stock valued at $6,926,000 after purchasing an additional 1,039 shares during the last quarter. Hedge funds and other institutional investors own 86.09% of the company’s stock.
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About UnitedHealth Group
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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