Shares of UnitedHealth Group Inc (NYSE:UNH) have been given an average rating of “Buy” by the twenty-eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and twenty-five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $245.68.
A number of analysts have issued reports on the stock. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group reissued a “buy” rating on shares of UnitedHealth Group in a research report on Friday, March 9th. Citigroup lifted their price target on shares of UnitedHealth Group from $235.00 to $268.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Oppenheimer lifted their price target on shares of UnitedHealth Group from $260.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, January 17th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $280.00 price target on shares of UnitedHealth Group in a research report on Thursday, March 8th.
In related news, insider Larry C. Renfro sold 22,184 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $228.94, for a total transaction of $5,078,804.96. Following the transaction, the insider now owns 173,229 shares of the company’s stock, valued at $39,659,047.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Burke sold 10,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $224.36, for a total transaction of $2,243,600.00. Following the transaction, the director now directly owns 1,771,257 shares in the company, valued at approximately $397,399,220.52. The disclosure for this sale can be found here. Insiders have sold 77,015 shares of company stock worth $17,879,199 in the last ninety days. 0.89% of the stock is currently owned by insiders.
NYSE UNH traded down $4.50 during trading on Friday, reaching $214.00. The company’s stock had a trading volume of 5,529,392 shares, compared to its average volume of 3,693,539. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $207,079.89, a PE ratio of 21.25, a price-to-earnings-growth ratio of 1.25 and a beta of 0.74. UnitedHealth Group has a 1-year low of $162.74 and a 1-year high of $250.79.
UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.09. The firm 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 company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. equities analysts anticipate that UnitedHealth Group will post 12.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 9th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, March 8th. UnitedHealth Group’s dividend payout ratio (DPR) is currently 29.79%.
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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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