UnitedHealth Group Incorporated (UNH) Now Covered by BMO Capital Markets

BMO Capital Markets began coverage on shares of UnitedHealth Group Incorporated (NYSE:UNH) in a research note published on Monday, MarketBeat reports. The firm issued an outperform rating and a $250.00 price objective on the healthcare conglomerate’s stock.

Other research analysts have also issued research reports about the company. Sanford C. Bernstein reiterated an outperform rating and issued a $190.00 price target on shares of UnitedHealth Group in a report on Monday, July 10th. Cantor Fitzgerald reiterated a buy rating and issued a $205.00 price target on shares of UnitedHealth Group in a report on Friday, July 7th. Credit Suisse Group reiterated an outperform rating and issued a $200.00 price target (up previously from $195.00) on shares of UnitedHealth Group in a report on Thursday, July 13th. Citigroup Inc. increased their price target on UnitedHealth Group from $195.00 to $213.00 and gave the stock a buy rating in a report on Wednesday, July 19th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $212.00 price target on shares of UnitedHealth Group in a report on Thursday, July 20th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $215.27.

UnitedHealth Group (NYSE UNH) traded up 1.28% during trading on Monday, hitting $205.85. The stock had a trading volume of 1,067,908 shares. UnitedHealth Group has a one year low of $133.03 and a one year high of $207.80. The firm has a market capitalization of $203.59 billion, a P/E ratio of 23.37 and a beta of 0.63. The stock has a 50 day moving average of $197.17 and a 200 day moving average of $185.63.

UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.09. The business had revenue of $50.32 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $2.17 earnings per share. Equities research analysts expect that UnitedHealth Group will post $9.91 earnings per share for the current fiscal year.

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In other UnitedHealth Group news, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $193.98, for a total transaction of $969,900.00. Following the completion of the sale, the director now owns 76,058 shares of the company’s stock, valued at $14,753,730.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Larry C. Renfro sold 50,574 shares of UnitedHealth Group stock in a transaction dated 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 sale, the insider now directly owns 195,625 shares of the company’s stock, valued at approximately $38,755,268.75. The disclosure for this sale can be found here. Insiders have sold 76,174 shares of company stock valued at $14,981,909 in the last three months. 0.89% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Honeywell International Inc. bought a new stake in UnitedHealth Group during the first quarter worth about $35,262,000. Schwab Charles Investment Management Inc. lifted its stake in UnitedHealth Group by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,656,975 shares of the healthcare conglomerate’s stock worth $678,077,000 after purchasing an additional 183,401 shares during the last quarter. Suntrust Banks Inc. lifted its stake in UnitedHealth Group by 8.5% during the first quarter. Suntrust Banks Inc. now owns 260,811 shares of the healthcare conglomerate’s stock worth $42,774,000 after purchasing an additional 20,541 shares during the last quarter. Factory Mutual Insurance Co. lifted its stake in UnitedHealth Group by 20.9% during the second quarter. Factory Mutual Insurance Co. now owns 416,600 shares of the healthcare conglomerate’s stock worth $77,245,000 after purchasing an additional 72,000 shares during the last quarter. Finally, Shell Asset Management Co. lifted its stake in UnitedHealth Group by 0.8% during the second quarter. Shell Asset Management Co. now owns 157,241 shares of the healthcare conglomerate’s stock worth $29,156,000 after purchasing an additional 1,254 shares during the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for UnitedHealth Group (NYSE:UNH)

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