November 24, 2016 - By Louis Casey · 0 Comments
Unitedhealth Group Inc (NYSE:UNH) institutional sentiment increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio is more positive, as 480 investment professionals increased or started new equity positions, while 521 sold and reduced their positions in Unitedhealth Group Inc. The investment professionals in our partner’s database now own: 805.88 million shares, down from 852.02 million shares in 2016Q1. Also, the number of investment professionals holding Unitedhealth Group Inc in their top 10 equity positions increased from 90 to 105 for an increase of 15. Sold All: 55 Reduced: 466 Increased: 386 New Position: 94.
UnitedHealth Group Incorporated is a diversified healthcare company. The company has a market cap of $147.94 billion. The Firm operates through four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It has a 22.68 P/E ratio. The Firm conducts its activities through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
The stock increased 0.84% or $1.28 on November 23, hitting $153.54. About 2.84M shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 14.47% since April 22, 2016 and is uptrending. It has outperformed by 9.06% the S&P500.
Analysts await UnitedHealth Group Inc (NYSE:UNH) to report earnings on January, 17. They expect $2.07 EPS, up 47.86% or $0.67 from last year’s $1.4 per share. UNH’s profit will be $1.99 billion for 18.54 P/E if the $2.07 EPS becomes a reality. After $2.17 actual EPS reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts -4.61% negative EPS growth.
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.”
Garrison Bradford & Associates Inc holds 14.14% of its portfolio in UnitedHealth Group Inc for 102,170 shares. Veritas Investment Management Llp owns 437,345 shares or 11.92% of their US portfolio. Moreover, Veritas Investment Management (Uk) Ltd has 9.04% invested in the company for 138,013 shares. The Wisconsin-based Provident Trust Co has invested 7.6% in the stock. Veritas Asset Management Llp, a United Kingdom-based fund reported 4.27 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 6 selling transactions for $9.57 million net activity.
Ratings analysis reveals 93% of UnitedHealth Group’s analysts are positive. Out of 15 Wall Street analysts rating UnitedHealth Group, 14 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $124 while the high is $169. The stock’s average target of $143.48 is -6.55% below today’s ($153.54) share price. UNH was included in 20 notes of analysts from September 2, 2015. The company was initiated on Wednesday, December 16 by Credit Suisse. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, July 20. As per Wednesday, November 9, the company rating was downgraded by Mizuho. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Buy” rating by Citigroup on Friday, October 2. Mizuho maintained UnitedHealth Group Inc (NYSE:UNH) rating on Friday, November 20. Mizuho has “Buy” rating and $131 price target. Vetr upgraded the shares of UNH in a report on Wednesday, September 2 to “Strong-Buy” rating. The rating was initiated by JP Morgan with “Overweight” on Wednesday, September 16. On Friday, April 8 the stock rating was initiated by Cleveland with “Buy”. As per Wednesday, September 9, the company rating was reinitiated by Morgan Stanley. The rating was maintained by Mizuho on Wednesday, October 19 with “Buy”.
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.
More news for UnitedHealth Group Inc (NYSE:UNH) were recently published by: Forbes.com, which released: “December 9th Options Now Available For UnitedHealth Group (UNH)” on October 27, 2016. Finance.Yahoo.com‘s article titled: “UnitedHealth Group Hits 52-Week High on Solid Earnings, View” and published on November 14, 2016 is yet another important article.
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By Louis Casey