UnitedHealth Group (UNH) Given New $270.00 Price Target at Argus
UnitedHealth Group (NYSE:UNH) had its price objective lifted by research analysts at Argus to $270.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the healthcare conglomerate’s stock. Argus’ price target would suggest a potential upside of 10.95% from the company’s previous close.
Other analysts have also issued reports about the company. Deutsche Bank raised their target price on UnitedHealth Group to $260.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Co restated an “outperform” rating and issued a $245.00 target price (up from $230.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Leerink Swann reiterated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, December 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $259.00 price objective on shares of UnitedHealth Group in a research report on Wednesday. Finally, Citigroup lifted their price objective on UnitedHealth Group from $213.00 to $235.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and a consensus target price of $243.22.
Shares of UnitedHealth Group (NYSE:UNH) traded up $0.19 during trading hours on Thursday, hitting $243.35. The stock had a trading volume of 4,289,381 shares, compared to its average volume of 3,010,000. UnitedHealth Group has a 52 week low of $156.49 and a 52 week high of $244.35. The firm has a market capitalization of $235,290.00, a price-to-earnings ratio of 22.72, a PEG ratio of 1.42 and a beta of 0.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.70 and a current ratio of 0.73.
In other UnitedHealth Group news, CEO Larry C. Renfro sold 22,598 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $221.75, for a total transaction of $5,011,106.50. Following the transaction, the chief executive officer now owns 195,314 shares in the company, valued at $43,310,879.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth Irwin Shine sold 457 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,655 shares of company stock worth $7,469,083. Company insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP boosted its holdings in UnitedHealth Group by 441.4% during the second quarter. Marshall Wace LLP now owns 13,935 shares of the healthcare conglomerate’s stock worth $2,578,000 after buying an additional 11,361 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of UnitedHealth Group by 16.9% during the 2nd quarter. American Century Companies Inc. now owns 4,703,113 shares of the healthcare conglomerate’s stock valued at $872,051,000 after purchasing an additional 681,111 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of UnitedHealth Group by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,656,975 shares of the healthcare conglomerate’s stock valued at $678,077,000 after purchasing an additional 183,401 shares in the last quarter. Essex Financial Services Inc. lifted its holdings in shares of UnitedHealth Group by 12.3% during the 2nd quarter. Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate’s stock valued at $1,640,000 after purchasing an additional 967 shares in the last quarter. Finally, Bainco International Investors lifted its holdings in shares of UnitedHealth Group by 5.4% during the 3rd quarter. Bainco International Investors now owns 82,676 shares of the healthcare conglomerate’s stock valued at $16,192,000 after purchasing an additional 4,202 shares in 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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