Why UnitedHealth Group Inc(NYSE: UNH) is trading green today
The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.44 on scale of 1-5.
While trading at volume below than average, Hormel Foods Corporation (NYSE:HRL) previous 52-week high was $39.82 and moved down -10.23% over the same period, trading at a volume of 1.66 million. MD now owns 33,287,271 shares of the healthcare conglomerate's stock valued at $4,660,218,000 after buying an additional 108,513 shares during the period.
UnitedHealth Group's subsidiary, UnitedHealthcare, generated sales of $40.1 billion, a 11.8% increase on a year-over-year basis. BlackRock Fund Advisors now owns 14,442,889 shares of the healthcare conglomerate's stock valued at $2,022,004,000 after buying an additional 245,967 shares in the last quarter. Hutchens Investment Management Inc bought a new stake in UnitedHealth Group during the third quarter worth about $1,508,000. The stock is now showing its Return on Assets (ROA) value of 5.8 Percent. Optum is now in use in 4 out of 5 United States hospitals, and has been a growth engine for UnitedHealth. Operating cash flow is expected to be about $12 billion. Shine Kenneth Irwin sold $47,121 worth of UnitedHealth Group Inc (NYSE:UNH) on Friday, October 21. The current share price indicate that stock is -31.32% away from its one year high and is moving 126.29% ahead of its 52-week low.
Johnson Controls International plc (JCI) has a market capitalization of 38.82 Billion. The stock has a 50 day moving average of $166.97 and a 200 day moving average of $157.28. Ellington Ltd Liability Co reported 0.08% of its portfolio in UnitedHealth Group Inc (NYSE:UNH).
The Minnetonka, Minn. -based company reported net income of $2.17 billion, or $2.23 a share, compared with $1.61 billion, or $1.67, a year before.
However, revenue from the employer and individual market came out "essentially flat" from past year with revenues of $12.7 billion.
UnitedHealthcare Group's quarterly profit skyrocketed after the insurance provider drastically downsized its participation in the Obamacare exchanges. The Minnetonka, Minnesota-based company predicted that earnings for the full year, excluding some items, will be $9.65 to $9.85 a share.
Other large investors also recently modified their holdings of the company. The ex-dividend date was Wednesday, March 8th. It has a dividend yield of 1.50%.
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Disclosure: I have no positions in UnitedHealth Group Inc. Analyst Recommendation is an outlook of a stock-market analyst on a stock. Vetr cut shares of UnitedHealth Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 10th. The stock of Relx PLC (ADR) (NYSE:RELX) earned "Buy" rating by Jefferies on Tuesday, February 21. 1,979,846 shares of the stock traded hands.
In the duration of 12 months Unitedhealth Group Inc.'s share price has increased by 32.54% to 167.18 from 126.14.
Among 5 analysts covering Relx (NYSE:RELX), 3 have Buy rating, 0 Sell and 2 Hold.
Analysts give UNH stock a consensus buy rating and an average target of $185, suggesting 11% gains. During last six month record, the net percent change kept by insiders has observed a change of -3.41%. The share price is now up 5.33% for the past three months. Following the transaction, the director now directly owns 75,391 shares in the company, valued at approximately $12,264,607.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
A number of other institutional investors have also modified their holdings of UNH.
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