Oppenheimer Equities Analysts Raise Earnings Estimates for UnitedHealth Group Inc (UNH)
UnitedHealth Group Inc (NYSE:UNH) – Stock analysts at Oppenheimer increased their Q2 2018 earnings per share (EPS) estimates for UnitedHealth Group in a note issued to investors on Tuesday. Oppenheimer analyst M. Wiederhorn now forecasts that the healthcare conglomerate will post earnings of $2.98 per share for the quarter, up from their prior forecast of $2.67. Oppenheimer has a “Outperform” rating and a $240.00 price target on the stock.
UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.09. The company had revenue of $52.06 billion during the quarter, compared to analysts’ expectations of $51.57 billion. UnitedHealth Group had a net margin of 5.25% and a return on equity of 21.29%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business earned $2.11 EPS.
Shares of UnitedHealth Group (NYSE:UNH) traded up $4.73 on Thursday, hitting $243.16. 6,234,000 shares of the stock traded hands, compared to its average volume of 3,634,767. The company has a market cap of $234,070.00, a PE ratio of 22.70, a P/E/G ratio of 1.45 and a beta of 0.66. UnitedHealth Group has a one year low of $156.49 and a one year high of $243.90. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.58.
A number of hedge funds have recently added to or reduced their stakes in the business. Regal Wealth Group Inc. boosted its position in UnitedHealth Group by 0.4% during the second quarter. Regal Wealth Group Inc. now owns 746 shares of the healthcare conglomerate’s stock worth $138,000 after purchasing an additional 3 shares during the period. Jackson Grant Investment Advisers Inc. boosted its position in UnitedHealth Group by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,101 shares of the healthcare conglomerate’s stock worth $204,000 after purchasing an additional 4 shares during the period. RNC Capital Management LLC boosted its position in UnitedHealth Group by 0.7% during the second quarter. RNC Capital Management LLC now owns 1,940 shares of the healthcare conglomerate’s stock worth $360,000 after purchasing an additional 13 shares during the period. Highland Private Wealth Management boosted its position in UnitedHealth Group by 0.4% during the second quarter. Highland Private Wealth Management now owns 3,199 shares of the healthcare conglomerate’s stock worth $593,000 after purchasing an additional 13 shares during the period. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of UnitedHealth Group by 0.3% during the second quarter. Flagship Harbor Advisors LLC now owns 5,028 shares of the healthcare conglomerate’s stock worth $939,000 after buying an additional 15 shares in the last quarter. 86.09% of the stock is owned by hedge funds and other institutional investors.
In other UnitedHealth Group news, Director Kenneth Irwin Shine sold 457 shares of UnitedHealth Group stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $211.03, for a total transaction of $96,440.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 5,600 shares of UnitedHealth Group stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $223.31, for a total transaction of $1,250,536.00. Following the transaction, the director now directly owns 61,137 shares of the company’s stock, valued at $13,652,503.47. The disclosure for this sale can be found here. Insiders sold 33,655 shares of company stock valued at $7,469,083 over the last three months. 0.89% of the stock is owned by company insiders.
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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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