Q4 2018 EPS Estimates for UnitedHealth Group Inc Boosted by Analyst (UNH)
UnitedHealth Group Inc (NYSE:UNH) – Analysts at Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for shares of UnitedHealth Group in a research note issued to investors on Friday. Jefferies Group analyst D. Windley now anticipates that the healthcare conglomerate will post earnings of $3.11 per share for the quarter, up from their prior forecast of $2.80. Jefferies Group has a “Buy” rating and a $248.00 price target on the stock.
UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The company had revenue of $50.32 billion for the quarter, compared to analyst estimates of $50.38 billion. During the same period in the prior year, the company posted $2.17 EPS. The company’s revenue was up 8.7% compared to the same quarter last year.
UnitedHealth Group (UNH) traded up $3.25 during mid-day trading on Monday, hitting $228.64. The stock had a trading volume of 3,943,700 shares, compared to its average volume of 2,822,722. UnitedHealth Group has a 52 week low of $156.09 and a 52 week high of $231.77. The company has a market cap of $221,060.00, a price-to-earnings ratio of 25.98, a P/E/G ratio of 1.54 and a beta of 0.66. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.70 and a current ratio of 0.70.
Large investors have recently bought and sold shares of the business. Blue Chip Partners Inc. acquired a new position in UnitedHealth Group during the 2nd quarter worth $110,000. Bruderman Asset Management LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $114,000. 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. BDO Wealth Advisors LLC acquired a new position in shares of UnitedHealth Group in the 2nd quarter valued at $121,000. Finally, Acrospire Investment Management LLC lifted its stake in shares of UnitedHealth Group by 130.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock valued at $131,000 after purchasing an additional 400 shares during the period. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
In other UnitedHealth Group news, insider Thomas E. Roos sold 975 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $205.47, for a total transaction of $200,333.25. Following the transaction, the insider now owns 24,630 shares of the company’s stock, valued at approximately $5,060,726.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth Irwin Shine sold 457 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,630 shares of company stock worth $7,669,416. Company insiders own 0.89% 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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