November 30, 2016 - By Clifton Ray
Mizuho increased the shares of UnitedHealth Group Incorporated (NYSE:UNH) from a Neutral rating to Buy rating in a a note revealed to investors on 30 November. The firm from today has $178.00 target price on the stock.
Out of 15 analysts covering UnitedHealth Group (NYSE:UNH), 14 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 93% are positive. $169 is the highest target while $124 is the lowest. The $143.48 average target is -9.71% below today’s ($158.91) stock price. UnitedHealth Group has been the topic of 20 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Vetr upgraded the shares of UNH in a report on Wednesday, September 2 to “Strong-Buy” rating. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Neutral” rating by Mizuho on Wednesday, November 9. The firm earned “Buy” rating on Friday, October 2 by Citigroup. As per Friday, July 22, the company rating was upgraded by Argus Research. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The firm earned “Buy” rating on Wednesday, October 19 by Mizuho. Cleveland initiated it with “Buy” rating and $155 target price in Friday, April 8 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Overweight” rating given on Wednesday, September 9 by Morgan Stanley. Bernstein initiated the stock with “Outperform” rating in Thursday, June 16 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Outperform” rating given on Thursday, November 19 by FBR Capital.
About 2.99 million shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 18.67% since April 27, 2016 and is uptrending. It has outperformed by 13.44% the S&P500.
Analysts await UnitedHealth Group Inc (NYSE:UNH) to report earnings on January, 17. They expect $2.07 earnings per share, up 47.86% or $0.67 from last year’s $1.4 per share. UNH’s profit will be $2.04 billion for 19.19 P/E if the $2.07 EPS becomes a reality. After $2.17 actual earnings per share reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts -4.61% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.10, from 0.92 in 2016Q1. The ratio improved, as 55 funds sold all UnitedHealth Group Inc shares owned while 466 reduced positions. 94 funds bought stakes while 386 increased positions. They now own 805.88 million shares or 5.42% less from 852.02 million shares in 2016Q1.
Cornerstone Ltd Liability Co holds 0.35% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 311,641 shares. Invest Counsel accumulated 11,221 shares or 0.82% of the stock. Wealthfront holds 0.12% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 29,237 shares. Thrivent Financial For Lutherans holds 0.36% or 539,856 shares in its portfolio. Counselors Incorporated reported 71,900 shares or 0.61% of all its holdings. Independent Portfolio Consultants last reported 160 shares in the company. Mizuho And Com Ltd last reported 1.56M shares in the company. Nordea Invest Management accumulated 2.74% or 6.61 million shares. Epoch Investment holds 2.16% or 4.07M shares in its portfolio. The Kentucky-based Regent Ltd Liability Corporation has invested 0.89% in UnitedHealth Group Inc (NYSE:UNH). Mutual Of America Cap Mgmt Llc last reported 110,684 shares in the company. Calamos Wealth Management Limited Liability Corp reported 42,342 shares or 1.06% of all its holdings. First Niagara Bancshares has 0.67% invested in the company for 16,677 shares. Hgk Asset Mngmt Incorporated accumulated 105,498 shares or 2.22% of the stock. Valley National Advisers Inc has 0.03% invested in the company for 373 shares.
Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 6 selling transactions for $9.57 million net activity. 5,500 shares were sold by WILENSKY GAIL R, worth $768,924. Shares for $5.41M were sold by BURKE RICHARD T. 325 UnitedHealth Group Inc (NYSE:UNH) shares with value of $47,121 were sold by Shine Kenneth Irwin. WILSON D ELLEN also sold $2.07M worth of UnitedHealth Group Inc (NYSE:UNH) shares. Shares for $453,615 were sold by BALLARD WILLIAM C JR.
UnitedHealth Group Incorporated is a diversified healthcare company. The company has a market cap of $156.70 billion. The Firm operates through four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It has a 23.47 P/E ratio. The Firm conducts its activities through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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.”
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 notable recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Forbes.com which released: “Ex-Dividend Reminder: UnitedHealth Group, M & T Bank and Commerce Bancshares” on November 28, 2016, also Schaeffersresearch.com with their article: “UnitedHealth Group Inc, Aetna Inc Could Enjoy a Santa Claus Rally” published on November 29, 2016, Schaeffersresearch.com published: “Analyst Upgrades: UnitedHealth Group Inc, Goldman Sachs Group Inc, and Splunk Inc” on November 30, 2016. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Businesswire.com and their article: “UnitedHealth Group to Host Investor Conference” published on November 21, 2016 as well as Reuters.com‘s news article titled: “BRIEF-UnitedHealth Group to discuss 2017 financial outlook at investor con…” with publication date: November 28, 2016.
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By Clifton Ray