Analysts Set UnitedHealth Group Incorporated (NYSE:UNH) Price Target at $595.11

Shares of UnitedHealth Group Incorporated (NYSE:UNHGet Rating) have earned a consensus recommendation of “Buy” from the twenty-one brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $595.11.

A number of brokerages recently issued reports on UNH. SVB Leerink decreased their price objective on shares of UnitedHealth Group from $625.00 to $618.00 and set an “outperform” rating for the company in a report on Monday, October 17th. StockNews.com assumed coverage on shares of UnitedHealth Group in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. Mizuho boosted their price objective on shares of UnitedHealth Group from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Argus boosted their price objective on shares of UnitedHealth Group from $580.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Finally, Royal Bank of Canada upped their price target on shares of UnitedHealth Group from $588.00 to $592.00 and gave the company an “outperform” rating in a research note on Monday, October 17th.

Insiders Place Their Bets

In other news, CAO Thomas E. Roos sold 465 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $542.37, for a total value of $252,202.05. Following the sale, the chief accounting officer now directly owns 34,786 shares in the company, valued at approximately $18,866,882.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On UnitedHealth Group

Hedge funds have recently made changes to their positions in the stock. TimeScale Financial Inc. raised its holdings in UnitedHealth Group by 276.9% in the 3rd quarter. TimeScale Financial Inc. now owns 49 shares of the healthcare conglomerate’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. Pflug Koory LLC raised its holdings in UnitedHealth Group by 160.0% during the 3rd quarter. Pflug Koory LLC now owns 52 shares of the healthcare conglomerate’s stock worth $26,000 after purchasing an additional 32 shares during the last quarter. Urban Wealth Management LLC bought a new position in UnitedHealth Group during the 2nd quarter worth approximately $29,000. Knott David M Jr bought a new position in UnitedHealth Group during the 2nd quarter worth approximately $29,000. Finally, Rothschild & Co Wealth Management UK Ltd bought a new position in UnitedHealth Group during the 2nd quarter worth approximately $31,000. 87.25% of the stock is currently owned by institutional investors and hedge funds.

UnitedHealth Group Trading Up 2.9 %

Shares of NYSE UNH opened at $530.00 on Friday. UnitedHealth Group has a 1-year low of $436.00 and a 1-year high of $558.10. The company has a market cap of $495.20 billion, a PE ratio of 25.95, a P/E/G ratio of 1.60 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $523.75 and a two-hundred day moving average of $515.28.

UnitedHealth Group (NYSE:UNHGet Rating) last posted its quarterly earnings results on Friday, October 14th. The healthcare conglomerate reported $5.79 earnings per share for the quarter, topping analysts’ consensus estimates of $5.45 by $0.34. The business had revenue of $80.89 billion during the quarter, compared to the consensus estimate of $80.54 billion. UnitedHealth Group had a net margin of 6.17% and a return on equity of 26.59%. UnitedHealth Group’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.52 earnings per share. As a group, equities analysts expect that UnitedHealth Group will post 22.01 earnings per share for the current fiscal year.

UnitedHealth Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Monday, December 5th will be paid a dividend of $1.65 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $6.60 dividend on an annualized basis and a yield of 1.25%. UnitedHealth Group’s payout ratio is 32.32%.

About UnitedHealth Group

(Get Rating)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services.

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Analyst Recommendations for UnitedHealth Group (NYSE:UNH)

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