UnitedHealth Group (NYSE:UNH) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Thursday, December 7th.
Other equities analysts also recently issued research reports about the stock. Wells Fargo & Co reiterated an “outperform” rating and issued a $245.00 target price (up previously from $230.00) on shares of UnitedHealth Group in a research note on Wednesday, November 29th. Leerink Swann restated an “outperform” rating on shares of UnitedHealth Group in a research report on Friday, December 1st. BMO Capital Markets began coverage on shares of UnitedHealth Group in a research report on Monday, October 16th. They issued an “outperform” rating and a $250.00 price objective for the company. Jefferies Group restated a “buy” rating and issued a $215.00 price objective on shares of UnitedHealth Group in a research report on Friday, August 18th. Finally, Cowen restated an “outperform” rating and issued a $220.00 price objective (up from $175.00) on shares of UnitedHealth Group in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $224.98.
UnitedHealth Group (UNH) traded down $2.31 on Thursday, hitting $220.46. 2,274,987 shares of the stock traded hands, compared to its average volume of 2,669,704. The stock has a market capitalization of $215,879.17, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.70. UnitedHealth Group has a 52-week low of $156.09 and a 52-week high of $231.77.
In other news, insider Thomas E. Roos sold 975 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $205.47, for a total value of $200,333.25. Following the completion of the sale, the insider now directly owns 24,630 shares in the company, valued at approximately $5,060,726.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth Irwin Shine sold 457 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total transaction of $96,440.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,630 shares of company stock valued at $7,669,416. 0.89% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Chip Partners Inc. bought a new stake in shares of UnitedHealth Group in the 2nd quarter worth approximately $110,000. Bruderman Asset Management LLC purchased a new position in shares of UnitedHealth Group in the second quarter worth $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of UnitedHealth Group by 433.3% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after buying an additional 520 shares during the period. BDO Wealth Advisors LLC purchased a new position in shares of UnitedHealth Group in the second quarter worth $121,000. Finally, Kings Point Capital Management increased its stake in shares of UnitedHealth Group by 27.9% in the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 86.01% of the company’s stock.
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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.
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