The stock of UnitedHealth Group Inc (NYSE:UNH) is a huge mover today! About 4.94M shares traded hands or 48.80% up from the average. UnitedHealth Group Inc (NYSE:UNH) has risen 7.43% since March 15, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.
The move comes after 6 months positive chart setup for the $136.97 billion company. It was reported on Oct, 18 by Barchart.com. We have $236.92 PT which if reached, will make NYSE:UNH worth $89.03 billion more.
Analysts await UnitedHealth Group Inc (NYSE:UNH) to report earnings on October, 20. They expect $2.07 EPS, up 25.45% or $0.42 from last year’s $1.65 per share. UNH’s profit will be $1.97 billion for 17.34 P/E if the $2.07 EPS becomes a reality. After $1.96 actual EPS reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts 5.61% EPS growth.
UnitedHealth Group Inc (NYSE:UNH) Ratings Coverage
Out of 15 analysts covering UnitedHealth Group (NYSE:UNH), 15 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. UnitedHealth Group has been the topic of 18 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Cleveland on Friday, April 8. Credit Suisse initiated the stock with “Outperform” rating in Wednesday, December 16 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Buy” rating given on Friday, November 20 by Mizuho. The rating was initiated by Bernstein with “Outperform” on Thursday, June 16. The company was reinitiated on Wednesday, September 9 by Morgan Stanley. Citigroup initiated the shares of UNH in a report on Friday, October 2 with “Buy” rating. Argus Research upgraded the stock to “Buy” rating in Friday, July 22 report. As per Wednesday, September 2, the company rating was upgraded by Vetr. As per Thursday, November 19, the company rating was maintained by FBR Capital. RBC Capital Markets maintained it with “Outperform” rating and $165 target price in Wednesday, July 20 report.
According to Zacks Investment Research, “UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company’s products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting. With these capabilities, it is able to provide comprehensive health care management services through organized health systems and insurance products.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.02, from 0.94 in 2016Q1. The ratio dived, as 55 funds sold all UnitedHealth Group Inc shares owned while 466 reduced positions. 94 funds bought stakes while 386 increased positions. They now own 805.88 million shares or 5.42% less from 852.02 million shares in 2016Q1.
Boston Family Office Ltd Company holds 0.03% or 1,575 shares in its portfolio. Ray Gerald L And Associates Ltd holds 57,795 shares or 1.3% of its portfolio. Brown Advisory Ltd Liability accumulated 4,234 shares or 0.19% of the stock. Apriem Advsr has 0% invested in the company for 28 shares. Reynders Mcveigh Cap has 1,422 shares for 0.03% of their US portfolio. Stephens Ar has 0.16% invested in the company for 25,955 shares. Glg Lc has 0.59% invested in the company for 55,132 shares. Hbk Sorce Advisory Ltd holds 0.11% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 3,701 shares. Gamble Jones Inv Counsel last reported 16,973 shares in the company. Foster & Motley reported 3,559 shares or 0.1% of all its holdings. Marsico Mngmt Ltd Llc has 1.02M shares for 5.01% of their US portfolio. Moreover, Eastern Bank has 0.06% invested in UnitedHealth Group Inc (NYSE:UNH) for 5,069 shares. Deere And Company has 0.55% invested in the company for 72,422 shares. Etrade Capital Mngmt Ltd Limited Liability Company has 0.25% invested in the company for 33,088 shares. The West Virginia-based Security Trust Com has invested 0.08% in UnitedHealth Group Inc (NYSE:UNH).
Insider Transactions: Since April 20, 2016, the stock had 0 buys, and 3 selling transactions for $9.41 million net activity. Shine Kenneth Irwin had sold 962 shares worth $127,266 on Wednesday, April 20. BURKE RICHARD T had sold 40,000 shares worth $5.41 million on Wednesday, September 7. WILENSKY GAIL R had sold 5,500 shares worth $768,924 on Friday, June 10. The insider BALLARD WILLIAM C JR sold 5,000 shares worth $674,355.
More recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Wsj.com which released: “UnitedHealth Group Earnings: What to Watch” on October 17, 2016. Also Bloomberg.com published the news titled: “UnitedHealth Accused of Gouging Customers on Prescription Drugs” on October 05, 2016. Reuters.com‘s news article titled: “BRIEF-UnitedHealth Group Inc – introduced 2017 medicare advantage and drug…” with publication date: October 03, 2016 was also an interesting one.
UNH Company Profile
UnitedHealth Group Incorporated, incorporated on January 25, 1977, is a health and well-being company. The Companyâ€™s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various clients and markets. Optum is a health services business serving the health care marketplace, including payers, care providers, employers, Governments, life sciences companies and consumers. The Companyâ€™s business platforms have four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx.
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