UnitedHealth Group Inc (UNH) Downgraded by Vetr Inc. to “Hold”
UnitedHealth Group Inc (NYSE:UNH) was downgraded by Vetr from a “buy” rating to a “hold” rating in a report issued on Monday. They currently have a $179.00 price target on the healthcare conglomerate’s stock. Vetr‘s target price would indicate a potential upside of 2.46% from the company’s previous close.
A number of other brokerages have also recently weighed in on UNH. Wells Fargo & Co reiterated an “outperform” rating on shares of UnitedHealth Group in a research note on Tuesday, February 21st. Argus reiterated a “buy” rating and set a $170.00 price target on shares of UnitedHealth Group in a research note on Monday, January 23rd. Deutsche Bank AG reiterated a “buy” rating and set a $187.00 price target (up previously from $183.00) on shares of UnitedHealth Group in a research note on Saturday, April 22nd. Zacks Investment Research cut shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $187.00 price target (up previously from $186.00) on shares of UnitedHealth Group in a research note on Friday, April 21st. Two research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $182.78.
Shares of UnitedHealth Group (NYSE:UNH) traded up 1.22% on Monday, hitting $174.70. 3,480,347 shares of the company traded hands. The company has a market capitalization of $168.35 billion, a PE ratio of 22.36 and a beta of 0.68. UnitedHealth Group has a 12 month low of $130.31 and a 12 month high of $176.14. The stock’s 50-day moving average price is $170.57 and its 200-day moving average price is $163.15.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, April 18th. The healthcare conglomerate reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.20. UnitedHealth Group had a net margin of 3.92% and a return on equity of 21.20%. The business had revenue of $48.72 billion during the quarter, compared to analysts’ expectations of $48.21 billion. During the same quarter in the prior year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that UnitedHealth Group will post $9.79 earnings per share for the current year.
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In other news, Director Gail R. Wilensky sold 5,310 shares of the stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $162.31, for a total value of $861,866.10. Following the completion of the transaction, the director now owns 60,175 shares in the company, valued at approximately $9,767,004.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, April 20th. The shares were sold at an average price of $170.47, for a total transaction of $852,350.00. Following the completion of the transaction, the director now owns 75,735 shares of the company’s stock, valued at approximately $12,910,545.45. The disclosure for this sale can be found here. Insiders sold a total of 40,148 shares of company stock valued at $6,806,849 in the last quarter. Insiders own 1.65% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of UnitedHealth Group by 2,188.4% in the first quarter. BlackRock Inc. now owns 68,633,762 shares of the healthcare conglomerate’s stock worth $11,256,624,000 after buying an additional 65,634,528 shares in the last quarter. Dodge & Cox bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $1,658,560,000. Norges Bank bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $1,530,177,000. TPG Group Holdings SBS Advisors Inc. bought a new position in shares of UnitedHealth Group during the first quarter worth about $510,530,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of UnitedHealth Group during the third quarter worth about $391,839,000. Institutional investors and hedge funds own 86.67% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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