What is Opportunity Here? UnitedHealth Group Incorporated (UNH)

UnitedHealth posts big profit jump but sees room to improve

UnitedHealth Raises Profit Outlook

At the end of a year ago, UnitedHealth Group employed about 260,000 people worldwide. Wesbanco Bank Inc. now owns 76,341 shares of the healthcare conglomerate's stock valued at $16,337,000 after buying an additional 50,480 shares in the last quarter. During the same quarter in the previous year, the business earned $2.37 EPS.

UNH institutional ownership is held at 87.8% while insider ownership was 0.5%. The shares were sold at an average price of $135.31, for a total value of $5,412,400.00. That's up from a forecast for $12.40 to $12.65 per share that the company laid out in April. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. BURKE RICHARD T sold $3.51M worth of stock or 15,000 shares. 202 shares valued at $47,959 were sold by Shine Kenneth Irwin on Thursday, April 19. The disclosure for this sale can be found here. Insiders sold a total of 49,854 shares of company stock valued at $12,295,675 in the last 90 days.

Several research analysts have recently commented on the company. Zacks Investment Research raised UnitedHealth Group from a "hold" rating to a "buy" rating and set a $287.00 price objective for the company in a report on Sunday. RBC Capital Markets maintained it with "Buy" rating and $28200 target in Wednesday, April 18 report.

UnitedHealth Group opened at $258.70 on Monday, MarketBeat.com reports. Finally, ValuEngine upgraded shares of UnitedHealth Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 2nd. Captivating a peek at sell-side analyst insights, we can understand that the recent mean target price for the company is $270.71.

Overall, net income jumped 28 percent to $2.92 billion dollars in the quarter.

The stock has a beta of 0.72 compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. The Wells Fargo & Company has shown a weekly performance of -0.95% and monthly performance stands at 0.36%.

Presently, UnitedHealth Group Incorporated (UNH) has a RSI reading of 67.53. (UNH) revealed earnings for its second quarter that climbed from the same period past year. They expect $3.03 earnings per share, up 23.17 % or $0.57 from last year's $2.46 per share. The publicly-traded organization reported revenue of $55,188.00 million for the quarter, compared to the average analyst forecast calling for $54,856.20 million, which was surpassing the analyst consensus estimate. On Thursday, March 15 Nelson Steven H sold $3.28M worth of UnitedHealth Group Incorporated (NYSE:UNH) or 14,233 shares.

The company's medical care ratio, or the percentage of premiums paid out for medical services, improved to 81.9 percent in the quarter, compared with 82.2 percent past year.

The largest USA health insurer added 2.2 million people and its Medicare Advantage plans, an important business for insurers that service retirees, brought in $2.1 billion more in sales and added 450,000 members from a year earlier.

UnitedHealth Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 6th that authorizes the company to repurchase 100,000,000 shares. This buyback authorization authorizes the healthcare conglomerate to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued. Stockholders of record on Monday, June 18th were given a dividend of $0.90 per share. Illinois-based Peak6 Investments LP has invested 0.01% in UnitedHealth Group Incorporated (NYSE:UNH). Wespac Advsrs Limited Liability has invested 0.17% in UnitedHealth Group Incorporated (NYSE:UNH). The companyÂ's UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services.

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