Traders Sell UnitedHealth Group Incorporated (NYSE:UNH) on Strength (NYSE:UNH)

Traders sold shares of UnitedHealth Group Incorporated (NYSE:UNH) on strength during trading hours on Tuesday. $60.18 million flowed into the stock on the tick-up and $102.37 million flowed out of the stock on the tick-down, for a money net flow of $42.19 million out of the stock. Of all companies tracked, UnitedHealth Group had the 8th highest net out-flow for the day. UnitedHealth Group traded up $0.12 for the day and closed at $194.90

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Tuesday, August 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $210.00 price objective (up from $190.00) on shares of UnitedHealth Group in a research report on Saturday, July 22nd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $205.00 price objective (up from $203.00) on shares of UnitedHealth Group in a research report on Friday, July 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $208.00 price objective on shares of UnitedHealth Group in a research report on Friday, July 21st. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $212.00 price objective on shares of UnitedHealth Group in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. UnitedHealth Group has a consensus rating of “Buy” and a consensus target price of $200.24.

The firm has a market capitalization of $191.98 billion, a PE ratio of 23.41 and a beta of 0.64. The firm has a 50 day moving average price of $186.80 and a 200 day moving average price of $173.05.

UnitedHealth Group (NYSE:UNH) last issued its quarterly earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, topping the consensus estimate of $2.38 by $0.08. UnitedHealth Group had a net margin of 4.32% and a return on equity of 21.52%. The company had revenue of $50.05 billion during the quarter, compared to analysts’ expectations of $49.97 billion. During the same quarter in the previous year, the company earned $1.96 EPS. UnitedHealth Group’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that UnitedHealth Group Incorporated will post $9.87 EPS for the current fiscal year.

In other news, Director Gail R. Wilensky sold 5,540 shares of UnitedHealth Group stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $178.74, for a total transaction of $990,219.60. Following the completion of the sale, the director now owns 60,516 shares in the company, valued at approximately $10,816,629.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $182.64, for a total transaction of $913,200.00. Following the sale, the director now owns 75,735 shares of the company’s stock, valued at approximately $13,832,240.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,540 shares of company stock valued at $2,873,320. 0.89% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama boosted its position in shares of UnitedHealth Group by 2.5% in the first quarter. Retirement Systems of Alabama now owns 640,240 shares of the healthcare conglomerate’s stock worth $105,006,000 after buying an additional 15,403 shares in the last quarter. Honeywell International Inc. purchased a new position in shares of UnitedHealth Group during the first quarter worth about $35,262,000. Baldwin Brothers Inc. MA boosted its position in shares of UnitedHealth Group by 20.7% in the first quarter. Baldwin Brothers Inc. MA now owns 1,249 shares of the healthcare conglomerate’s stock worth $205,000 after buying an additional 214 shares in the last quarter. Harwood Advisory Group LLC boosted its position in shares of UnitedHealth Group by 0.8% in the first quarter. Harwood Advisory Group LLC now owns 1,885 shares of the healthcare conglomerate’s stock worth $309,000 after buying an additional 15 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of UnitedHealth Group by 3.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 25,730 shares of the healthcare conglomerate’s stock worth $3,946,000 after buying an additional 970 shares in the last quarter. Hedge funds and other institutional investors own 86.37% of the company’s stock.

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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.

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