UnitedHealth Group’s (NYSE:UNH) Buy Rating Reiterated at Cantor Fitzgerald

UnitedHealth Group Incorporated (NYSE:UNH)‘s stock had its “buy” rating restated by equities research analysts at Cantor Fitzgerald in a note issued to investors on Tuesday, August 29th.

A number of other brokerages also recently commented on UNH. Morgan Stanley raised their target price on shares of UnitedHealth Group from $202.00 to $210.00 and gave the company an “overweight” rating in a research note on Wednesday, June 28th. Sanford C. Bernstein reissued an “outperform” rating and issued a $190.00 target price on shares of UnitedHealth Group in a research note on Monday, July 10th. Deutsche Bank AG lifted their price target on shares of UnitedHealth Group from $187.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $205.00 price target (up previously from $203.00) on shares of UnitedHealth Group in a research note on Friday, July 21st. Finally, Zacks Investment Research downgraded shares of UnitedHealth Group from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $203.41.

Shares of UnitedHealth Group (UNH) traded up 0.23% during midday trading on Tuesday, reaching $198.18. The company’s stock had a trading volume of 4,198,691 shares. UnitedHealth Group has a one year low of $133.03 and a one year high of $200.76. The stock’s 50 day moving average price is $195.28 and its 200 day moving average price is $180.64. The firm has a market cap of $191.61 billion, a price-to-earnings ratio of 23.81 and a beta of 0.63.

UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, July 18th. The healthcare conglomerate reported $2.46 EPS for the quarter, beating the Zacks’ 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 business had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. During the same quarter last year, the firm posted $1.96 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts predict that UnitedHealth Group will post $9.87 earnings per share for the current year.

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In related news, Director Gail R. Wilensky sold 5,600 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $199.49, for a total value of $1,117,144.00. Following the sale, the director now directly owns 60,834 shares in the company, valued at approximately $12,135,774.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on 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 transaction, the director now directly owns 76,058 shares in the company, valued at $14,753,730.84. The disclosure for this sale can be found here. Insiders have sold a total of 25,600 shares of company stock worth $4,962,694 over the last 90 days. 0.89% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in UNH. Eastern Bank increased its position in shares of UnitedHealth Group by 1.0% in the first quarter. Eastern Bank now owns 5,384 shares of the healthcare conglomerate’s stock worth $883,000 after acquiring an additional 51 shares in the last quarter. Fox Run Management L.L.C. increased its position in shares of UnitedHealth Group by 187.7% in the first quarter. Fox Run Management L.L.C. now owns 4,316 shares of the healthcare conglomerate’s stock worth $708,000 after acquiring an additional 2,816 shares in the last quarter. Tompkins Financial Corp increased its position in shares of UnitedHealth Group by 52.2% in the first quarter. Tompkins Financial Corp now owns 7,115 shares of the healthcare conglomerate’s stock worth $917,000 after acquiring an additional 2,440 shares in the last quarter. Cribstone Capital Management LLC increased its position in shares of UnitedHealth Group by 22.6% in the first quarter. Cribstone Capital Management LLC now owns 678 shares of the healthcare conglomerate’s stock worth $113,000 after acquiring an additional 125 shares in the last quarter. Finally, CHICAGO TRUST Co NA increased its position in shares of UnitedHealth Group by 1.6% in the first quarter. CHICAGO TRUST Co NA now owns 3,560 shares of the healthcare conglomerate’s stock worth $584,000 after acquiring an additional 55 shares in the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.

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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