UnitedHealth Group’s (UNH) Outperform Rating Reiterated at Sanford C. Bernstein

Sanford C. Bernstein reissued their outperform rating on shares of UnitedHealth Group Incorporated (NYSE:UNH) in a report released on Thursday morning, The Fly reports. They currently have a $219.00 price objective on the healthcare conglomerate’s stock, up from their prior price objective of $210.00.

A number of other equities research analysts have also recently commented on UNH. Morgan Stanley raised their target price on UnitedHealth Group from $202.00 to $210.00 and gave the company an overweight rating in a research report on Wednesday, June 28th. Stifel Nicolaus restated a buy rating and set a $185.00 target price on shares of UnitedHealth Group in a research report on Wednesday, June 28th. Cantor Fitzgerald restated a buy rating and set a $205.00 target price on shares of UnitedHealth Group in a research report on Friday, July 7th. BidaskClub upgraded UnitedHealth Group from a buy rating to a strong-buy rating in a research report on Saturday, July 8th. Finally, Credit Suisse Group restated an outperform rating and set a $200.00 target price (up from $195.00) on shares of UnitedHealth Group in a research report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $215.27.

UnitedHealth Group (NYSE:UNH) opened at 207.49 on Thursday. UnitedHealth Group has a 12 month low of $136.22 and a 12 month high of $208.21. The stock has a 50 day moving average price of $197.42 and a 200 day moving average price of $185.93. The stock has a market capitalization of $205.21 billion, a P/E ratio of 23.56 and a beta of 0.63.

UnitedHealth Group (NYSE:UNH) last posted its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The firm had revenue of $50.32 billion for the quarter, compared to analysts’ expectations of $50.38 billion. During the same period last year, the firm earned $2.17 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts predict that UnitedHealth Group will post $9.96 EPS for the current fiscal year.

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In other news, Director Richard T. Burke sold 15,000 shares of UnitedHealth Group stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the sale, the director now owns 1,818,898 shares of the company’s stock, valued at approximately $348,700,935.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William C. Ballard, Jr. sold 5,000 shares of UnitedHealth Group stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $193.98, for a total transaction of $969,900.00. Following the sale, the director now directly owns 76,058 shares in the company, valued at approximately $14,753,730.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,149 shares of company stock worth $15,182,242. Corporate insiders own 0.89% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UNH. Waldron LP raised its position in shares of UnitedHealth Group by 153.1% during the 1st quarter. Waldron LP now owns 5,765 shares of the healthcare conglomerate’s stock valued at $944,000 after buying an additional 3,487 shares during the period. Webster Bank N. A. increased its holdings in UnitedHealth Group by 27.0% in the 1st quarter. Webster Bank N. A. now owns 913 shares of the healthcare conglomerate’s stock valued at $149,000 after purchasing an additional 194 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its holdings in UnitedHealth Group by 36.3% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 13,096 shares of the healthcare conglomerate’s stock valued at $2,148,000 after purchasing an additional 3,485 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in UnitedHealth Group in the 1st quarter valued at approximately $4,100,000. Finally, ING Groep NV increased its holdings in UnitedHealth Group by 42.3% in the 1st quarter. ING Groep NV now owns 270,278 shares of the healthcare conglomerate’s stock valued at $44,328,000 after purchasing an additional 80,289 shares during the last quarter. 86.11% of the stock is currently owned by hedge funds and other institutional investors.

About UnitedHealth Group

UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.

The Fly

Analyst Recommendations for UnitedHealth Group (NYSE:UNH)

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