UnitedHealth Group Target of Unusually Large Options Trading (UNH)
Shares of UnitedHealth Group (NYSE:UNH) were the target of some unusual options trading activity on Wednesday. Stock investors purchased 26,269 call options on the stock, Analyst Ratings News reports. This represents an increase of 857% compared to the typical volume of 2,744 call options.
A number of analysts have recently weighed in on UNH shares. Analysts at Zacks reiterated a “neutral” rating on shares of UnitedHealth Group in a research note on Friday, June 6th. They now have a $84.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of UnitedHealth Group from $90.00 to $85.00 in a research note on Monday, April 21st. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $81.41.
Shares of UnitedHealth Group (NYSE:UNH) traded up 0.45% during mid-day trading on Wednesday, hitting $80.17. 2,733,527 shares of the company’s stock traded hands. UnitedHealth Group has a 52 week low of $63.15 and a 52 week high of $83.32. The stock’s 50-day moving average is $77.49 and its 200-day moving average is $75.9. The company has a market cap of $78.555 billion and a price-to-earnings ratio of 14.65.
UnitedHealth Group (NYSE:UNH) last released its earnings data on Thursday, April 17th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.09 by $0.01. The company had revenue of $31.70 billion for the quarter, compared to the consensus estimate of $32.03 billion. During the same quarter last year, the company posted $1.16 earnings per share. UnitedHealth Group’s revenue was up 4.5% compared to the same quarter last year. Analysts expect that UnitedHealth Group will post $5.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, June 12th. This is a boost from UnitedHealth Group’s previous quarterly dividend of $0.28.
UnitedHealth Group Incorporated (NYSE:UNH) diversified health and well-being company.
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