Credit Suisse Group AG Initiates Coverage on UnitedHealth Group Incorporated (UNH)
Stock analysts at Credit Suisse Group AG initiated coverage on shares of UnitedHealth Group Incorporated (NYSE:UNH) in a note issued to investors on Thursday. The firm set an “outperform” rating and a $233.00 price target on the healthcare conglomerate’s stock. Credit Suisse Group AG’s price objective suggests a potential upside of 10.84% from the stock’s previous close.
A number of other brokerages have also recently issued reports on UNH. Zacks Investment Research cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine cut UnitedHealth Group from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $190.00 target price on shares of UnitedHealth Group in a report on Monday, July 10th. Deutsche Bank AG lifted their target price on UnitedHealth Group from $187.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $205.00 target price (up from $203.00) on shares of UnitedHealth Group in a report on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $216.65.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.57 by $0.09. The business had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.17 EPS.
TRADEMARK VIOLATION WARNING: “Credit Suisse Group AG Initiates Coverage on UnitedHealth Group Incorporated (UNH)” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/02/credit-suisse-group-ag-initiates-coverage-on-unitedhealth-group-incorporated-unh.html.
In other news, insider Larry C. Renfro sold 50,574 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $198.11, for a total value of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard T. Burke sold 15,000 shares of the stock in a transaction on Monday, August 21st. The shares were sold at an average price of $191.71, for a total value of $2,875,650.00. Following the completion of the transaction, the director now directly owns 1,818,898 shares in the company, valued at approximately $348,700,935.58. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,149 shares of company stock worth $14,212,342. Company insiders own 0.89% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Blue Chip Partners Inc. acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $110,000. Bruderman Asset Management LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $114,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of UnitedHealth Group by 1,722.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock valued at $106,000 after purchasing an additional 603 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of UnitedHealth Group by 433.3% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock valued at $119,000 after purchasing an additional 520 shares during the period. Finally, BDO Wealth Advisors LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $121,000. 86.14% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for UnitedHealth Group Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.