Market Runner: Could UnitedHealth Group Inc Change Direction After Reaching Record High?

Market Runner: Could UnitedHealth Group Inc Change Direction After Reaching Record High?

The stock of UnitedHealth Group Inc (NYSE:UNH) reached all time high today, Nov, 30 and still has $167.20 target or 5.00% above today’s $159.24 share price. This indicates more upside for the $157.03 billion company. This technical setup was reported by Barchart.com. If the $167.20 PT is reached, the company will be worth $7.85 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.99 million shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 18.67% since April 27, 2016 and is uptrending. It has outperformed by 13.44% the S&P500.

Analysts await UnitedHealth Group Inc (NYSE:UNH) to report earnings on January, 17. They expect $2.07 earnings per share, up 47.86% or $0.67 from last year’s $1.4 per share. UNH’s profit will be $2.04 billion for 19.23 P/E if the $2.07 EPS becomes a reality. After $2.17 actual earnings per share reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts -4.61% negative 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 21 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was initiated by JP Morgan with “Overweight” on Wednesday, September 16. Cleveland initiated the shares of UNH in a report on Friday, April 8 with “Buy” rating. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Buy” rating given on Friday, July 22 by Argus Research. The rating was upgraded by Mizuho on Wednesday, November 30 to “Buy”. Mizuho maintained the shares of UNH in a report on Friday, November 20 with “Buy” rating. The firm has “Neutral” rating by Mizuho given on Wednesday, November 9. Vetr upgraded the shares of UNH in a report on Wednesday, September 2 to “Strong-Buy” rating. On Thursday, November 19 the stock rating was maintained by FBR Capital with “Outperform”. As per Wednesday, October 19, the company rating was maintained by Mizuho. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, July 20.

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 increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio is positive, 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.
Avalon Advsr Ltd has 0.95% invested in the company for 173,525 shares. Hallmark Capital accumulated 1,779 shares or 0.04% of the stock. Sii Investments Wi last reported 17,039 shares in the company. Moreover, Perritt Cap Mngmt Inc has 0.13% invested in UnitedHealth Group Inc (NYSE:UNH) for 3,530 shares. Moreover, Riggs Asset Managment Inc has 0.01% invested in UnitedHealth Group Inc (NYSE:UNH) for 100 shares. Ariel Advisors Lc has 1.68% invested in the company for 19,102 shares. Advisor Ltd has 1.05% invested in the company for 21,311 shares. West Oak Cap Limited owns 80 shares or 0% of their US portfolio. Diversified Trust holds 3,530 shares or 0.06% of its portfolio. S R Schill & accumulated 0.25% or 2,673 shares. Sanders Cap Llc has 2.87M shares for 3.37% of their US portfolio. Williams Jones And Associates Lc holds 0.11% or 17,622 shares in its portfolio. Cleararc Capital Incorporated has 1.17% invested in the company for 42,786 shares. Moreover, Chieftain Cap Incorporated has 4.43% invested in UnitedHealth Group Inc (NYSE:UNH) for 596,702 shares. Trust Inv Advsr holds 2.01% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 12,087 shares.

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 6 selling transactions for $9.57 million net activity. $768,924 worth of shares were sold by WILENSKY GAIL R on Friday, June 10. Shares for $47,121 were sold by Shine Kenneth Irwin. $2.07M worth of shares were sold by WILSON D ELLEN on Friday, October 21. BALLARD WILLIAM C JR had sold 3,000 shares worth $453,615 on Monday, November 14. BURKE RICHARD T sold 40,000 shares worth $5.41M.

More notable recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Forbes.com which released: “Ex-Dividend Reminder: UnitedHealth Group, M & T Bank and Commerce Bancshares” on November 28, 2016, also Schaeffersresearch.com with their article: “UnitedHealth Group Inc, Aetna Inc Could Enjoy a Santa Claus Rally” published on November 29, 2016, Schaeffersresearch.com published: “Analyst Upgrades: UnitedHealth Group Inc, Goldman Sachs Group Inc, and Splunk Inc” on November 30, 2016. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Businesswire.com and their article: “UnitedHealth Group to Host Investor Conference” published on November 21, 2016 as well as Reuters.com‘s news article titled: “BRIEF-UnitedHealth Group to discuss 2017 financial outlook at investor con…” with publication date: November 28, 2016.

UNH Company Profile

UnitedHealth Group Incorporated, incorporated on January 25, 1977, is a health and well-being company. The Company’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 Company’s business platforms have four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx.

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