November 30, 2016 - By Peter Kolinski
Mizuho raised the shares of UnitedHealth (NYSE:UNH) from a “Neutral” rating to “Buy” rating in a analysts note revealed to clients and investors on Wednesday, 30 November. The financial company now has $178 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 -8.95% below today’s ($157.59) stock price. UnitedHealth Group has been the topic of 20 analyst reports since September 2, 2015 according to StockzIntelligence Inc. On Thursday, June 16 the stock rating was initiated by Bernstein with “Outperform”. Mizuho downgraded UnitedHealth Group Inc (NYSE:UNH) on Wednesday, November 9 to “Neutral” rating. The company was maintained on Wednesday, July 20 by RBC Capital Markets. The company was initiated on Wednesday, September 16 by JP Morgan. Credit Suisse initiated UnitedHealth Group Inc (NYSE:UNH) on Wednesday, December 16 with “Outperform” rating. Citigroup initiated the stock with “Buy” rating in Friday, October 2 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Outperform” rating given on Thursday, November 19 by FBR Capital. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. Cleveland initiated the stock with “Buy” rating in Friday, April 8 report. Mizuho maintained it with “Buy” rating and $131 target price in Friday, November 20 report.
The stock increased 3.60% or $5.48 during the last trading session, hitting $157.59. About 150 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 $1.96 billion for 19.03 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.
Welch And Forbes Ltd Liability Company has 1,940 shares for 0.01% of their US portfolio. Analytic Invsts Lc has 0.13% invested in the company for 75,845 shares. Tortoise Inv Mgmt Ltd Com has invested 0.31% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Herndon Mgmt Ltd Liability Co holds 0% or 88 shares in its portfolio. Northern Tru, a Illinois-based fund reported 11.41M shares. King Wealth Group Limited Liability Com has invested 0.79% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Advantus Capital Management has 0.37% invested in the company for 93,473 shares. Coastline Trust has 28,730 shares for 0.82% of their US portfolio. Eubel Brady And Suttman Asset Mngmt has invested 0.07% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). South State holds 0.04% or 1,833 shares in its portfolio. Cap Guardian Trust owns 138,802 shares or 0.15% of their US portfolio. Badgley Phelps And Bell Inc reported 1,456 shares or 0.02% of all its holdings. Bnp Paribas Investment Prtnrs holds 585,595 shares or 0.7% of its portfolio. Oak Assocs Limited Oh has invested 0.29% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Kornitzer Cap Inc Ks reported 3,350 shares or 0.01% of all its holdings.
Insider Transactions: Since June 10, 2016, the stock had 0 insider buys, and 6 insider sales for $9.57 million net activity. $2.07 million worth of UnitedHealth Group Inc (NYSE:UNH) was sold by WILSON D ELLEN. BALLARD WILLIAM C JR also sold $453,615 worth of UnitedHealth Group Inc (NYSE:UNH) on Monday, November 14. Another trade for 40,000 shares valued at $5.41 million was made by BURKE RICHARD T on Wednesday, September 7. 325 shares were sold by Shine Kenneth Irwin, worth $47,121. Shares for $822,000 were sold by WILENSKY GAIL R on Thursday, November 17.
UnitedHealth Group Incorporated is a diversified healthcare company. The company has a market cap of $149.31 billion. The Firm operates through four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It has a 23.28 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, Businesswire.com published: “UnitedHealth Group to Host Investor Conference” on November 21, 2016. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Reuters.com and their article: “BRIEF-UnitedHealth Group to discuss 2017 financial outlook at investor con…” published on November 28, 2016 as well as Thedenverchannel.com‘s news article titled: “Working Wednesday: UnitedHealth Group hiring” with publication date: November 02, 2016.
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