UnitedHealth Group (UNH) Updates FY 2018 Earnings Guidance

18 October, 2018, 15:25 | Author: Sherman Richardson
  • UnitedHealth Group Inc. reported Tuesday that it's earnings increased 28 Percent over the third quarter in 2017

The institutional investor owned 56,300 shares of the healthcare conglomerate's stock after selling 300 shares during the quarter.

UnitedHealth Group Incorporated (UNH) stock gained attention from Active Investors. Blue Chip Partners Inc. purchased a new position in UnitedHealth Group during the 2nd quarter worth $107,000. Wells Fargo & Company MN now owns 7,692,899 shares of the healthcare conglomerate's stock valued at $1,887,377,000 after buying an additional 39,480 shares during the last quarter. Jennison Associates LLC grew its stake in shares of UnitedHealth Group by 12.0% during the second quarter. UnitedHealth Group had 17 analyst reports since April 18, 2018 according to SRatingsIntel. FMR LLC now owns 61,622,355 shares of the healthcare conglomerate's stock valued at $15,118,428,000 after buying an additional 2,981,233 shares during the last quarter. First Pacific Advisors LLC now owns 4,400 shares of the healthcare conglomerate's stock worth $942,000 after buying an additional 600 shares in the last quarter. The stock institutional ownership counted 88.30% while insider ownership held at 0.50%. Nelson Steven H sold $7.05M worth of stock. The stock was sold at an average price of $264.29, for a total value of $4,068,215.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP D Ellen Wilson sold 15,393 shares of the firm's stock in a transaction dated Friday, August 24th. Following the completion of the sale, the director now directly owns 77,172 shares of the company's stock, valued at $19,974,428.76. Insiders have sold a total of 94,568 shares of company stock worth $24,950,027 over the last ninety days. One investment analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock.

Several brokerages recently issued reports on UNH.

UnitedHealth Group Incorporated, (NYSE: UNH) exhibits a change of 0.97% during last trading session, while the company closed its business at $259.61 with the trading volume of 3871806 as compared its 3-months average trading volume of 2.53M.The Stock is standing on a contradictory position. UnitedHealth Group presently has a consensus rating of Buy and a consensus target price of $279.26. The stock of UnitedHealth Group Incorporated (NYSE:UNH) earned "Overweight" rating by Morgan Stanley on Wednesday, July 18. Finally, Citigroup cut UnitedHealth Group from a "buy" rating to a "neutral" rating and set a $288.00 price target for the company.in a research report on Monday, September 10th. The stock now has an average rating of "Buy" and an average target price of $286.17. Zacks Investment Research lowered shares of UnitedHealth Group from a "buy" rating to a "hold" rating in a report on Tuesday, June 19th.

The share price is higher to its 52 week low with 0.99% and lagging downward from its 52 week high with -32.80%. The firm has a market capitalization of $256.06 billion, a P/E ratio of 27.07, a PEG ratio of 1.58 and a beta of 0.73. The current ratio of ING stands at 0 while UNH is at 0 whereas the debt ratio of the prior is 2.65 while the debt ratio of the later is 0.73.

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UnitedHealth Group (NYSE:UNH) issued an update on its FY 2018 earnings guidance on Tuesday morning. A look at its monthly performance shows that its shares have recorded a 3.3% gain over the past 30 days.

Investigating the productivity proportions of UnitedHealth Group Incorporated stock, the speculator will discover its ROE, ROA, ROI remaining at 25.1%, 8%, and 13.6%, individually. The company had revenue of $56.56 billion during the quarter, compared to analysts' expectations of $56.34 billion.

On the health insurance side, United's global division, which features coverage and care delivery in South America, posted revenue growth of 18 percent over the year-ago period to almost $2.4 billion. Sales growth past 5 years was observed at 12.70% and Sales growth quarter over quarter is 12.10%.

Recently, In a research note revealed to clients and investors on Wednesday, 17 October, UnitedHealth Group (NYSE:UNH) shares have had their Buy Rating reaffirmed by equity research analysts at Bank of America, who now has a $320 target on company.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. The ex-dividend date was Thursday, September 6th. This number based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell. UnitedHealth Group's dividend payout ratio is 35.75%.

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