UnitedHealth Group Inc Forecasted to Post FY2019 Earnings of $13.38 Per Share (UNH)

UnitedHealth Group Inc (NYSE:UNH) – Research analysts at Oppenheimer increased their FY2019 earnings per share estimates for shares of UnitedHealth Group in a note issued to investors on Wednesday. Oppenheimer analyst M. Wiederhorn now expects that the healthcare conglomerate will earn $13.38 per share for the year, up from their previous estimate of $12.33. Oppenheimer currently has a “Outperform” rating and a $240.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded UnitedHealth Group from a “hold” rating to a “buy” rating and set a $267.00 price target on the stock in a research report on Saturday. Argus increased their price target on UnitedHealth Group to $270.00 and gave the stock a “buy” rating in a research report on Thursday. Credit Suisse Group increased their price target on UnitedHealth Group from $252.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 17th. Cantor Fitzgerald increased their price target on UnitedHealth Group to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Finally, Deutsche Bank increased their price target on UnitedHealth Group to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. UnitedHealth Group has a consensus rating of “Buy” and an average price target of $243.22.

Shares of UnitedHealth Group (NYSE UNH) traded up $0.19 during mid-day trading on Monday, reaching $243.35. The company’s stock had a trading volume of 4,293,600 shares, compared to its average volume of 3,685,454. The stock has a market capitalization of $235,010.00, a P/E ratio of 22.72, a P/E/G ratio of 1.42 and a beta of 0.66. The company has a quick ratio of 0.70, a current ratio of 0.73 and a debt-to-equity ratio of 0.58. UnitedHealth Group has a 52 week low of $156.49 and a 52 week high of $244.35.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, January 16th. The healthcare conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.09. The company had revenue of $52.06 billion for the quarter, compared to the consensus estimate of $51.57 billion. UnitedHealth Group had a return on equity of 21.29% and a net margin of 5.25%. UnitedHealth Group’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.11 earnings per share.

In related news, Director Kenneth Irwin Shine sold 457 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $211.03, for a total value of $96,440.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michele J. Hooper sold 5,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $222.20, for a total value of $1,111,000.00. Following the completion of the sale, the director now directly owns 36,989 shares of the company’s stock, valued at approximately $8,218,955.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,655 shares of company stock valued at $7,469,083. Insiders own 0.89% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Blue Chip Partners Inc. acquired a new stake in UnitedHealth Group during the second quarter worth $110,000. Bruderman Asset Management LLC acquired a new stake in UnitedHealth Group during the second quarter worth $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after acquiring an additional 520 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in UnitedHealth Group during the second quarter worth $121,000. Finally, Acrospire Investment Management LLC increased its stake in UnitedHealth Group by 130.7% during the second quarter. Acrospire Investment Management LLC now owns 706 shares of the healthcare conglomerate’s stock worth $131,000 after acquiring an additional 400 shares during the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for UnitedHealth Group (NYSE:UNH)

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