Published: Tue, October 17, 2017
Business | By Max Garcia

UnitedHealth Group Inc (UNH) Boosts Forecast Amid Solid Q3 Earnings

UnitedHealth Group Inc (UNH) Boosts Forecast Amid Solid Q3 Earnings

About 2.08M shares traded. Cap Invest Counsel stated it has 0.9% in UnitedHealth Group Inc (NYSE:UNH). It has outperformed by 16.06% the S&P500. A 25 analysts rate it as either a buy or a strong buy, while 1 believe that investors should either steer clear of (NYSE:RRC) or, if they already own its stock, sell it. Therefore 100% are positive. As per Wednesday, August 2, the company rating was maintained by Piper Jaffray. The firm earned "Neutral" rating on Wednesday, November 9 by Mizuho. The L & S Advisors Inc holds 46,145 shares with $8.56M value, up from 11,558 last quarter. The firm has "Buy" rating by Oppenheimer given on Tuesday, July 18. The rating was initiated by CJS Securities with "Market Outperform" on Monday, October 31. Bernstein initiated UnitedHealth Group Inc (NYSE:UNH) on Thursday, June 16 with "Outperform" rating. The company has market cap of $1.45 billion.

After largely pulling out of individual insurance exchanges this year, UnitedHealth's new Chief Executive Officer Dave Wichmann said the company only had about 30,000 customers receiving subsidies in four states and that any impact would be "extremely small". It has a 34.49 P/E ratio. South Texas Money Management Ltd invested 0.06% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Morgan Stanley raised their price objective on UnitedHealth Group from $202.00 to $210.00 and gave the company an overweight rating in a research note on Wednesday, June 28th. Therefore 38% are positive. The stock was sold at an average price of $199.49, for a total transaction of $1,117,144.00.

In terms of earnings per share, 17 analysts have a 2.49 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 9 analysts have a 2.50 EPS mean target and for the quarter ending Mar-18 there are 20 estimates of 9.87 EPS. 0 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. UBS maintained the shares of UNH in report on Wednesday, July 19 with "Buy" rating. UnitedHealth Group has an average rating of "Buy" and a consensus target price of $205.94. The rating was initiated by Morgan Stanley on Monday, August 3 with "Equal Weight".

Returns and Valuations for Workday, Inc. The company operates in the Healthcare sector with a market capitalization of 186.53 Million. Argus Research upgraded the stock to "Buy" rating in Friday, July 22 report. The stock of UnitedHealth Group Inc (NYSE:UNH) has "Buy" rating given on Wednesday, August 16 by Jefferies. The rating was maintained by Cowen & Co on Friday, August 11 with "Buy".

Since May 4, 2017, it had 0 buys, and 3 sales for $10.13 million activity. 5,000 shares were sold by BALLARD WILLIAM C JR, worth $913,211.

In related news, Director Gail R. Wilensky sold 5,600 shares of the stock in a transaction that occurred on Tuesday, September 5th.

Parkside Financial Bank & Trust increased its stake in UnitedHealth Group by 1.4% in the first quarter. Its down 0.34, from 1.22 in 2017Q1.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc holds 11.91 million shares.

Rhenman & Partners Asset Management Ab, which manages about $696.48 million US Long portfolio, decreased its stake in Abbott Laboratories (NYSE:ABT) by 20,000 shares to 95,000 shares, valued at $4.62 million in 2017Q2, according to the filing. 5,790 were accumulated by Stonebridge Advsrs Lc.

Brokerage houses, on average, are recommending investors to sell GoPro, Inc. With 173,300 avg volume, 9 days are for Stemline Therapeutics Incorporated (NASDAQ:STML)'s short sellers to cover STML's short positions. Following the transaction, the director now owns 1,818,898 shares of the company's stock, valued at approximately $348,700,935.58. Letko Brosseau &, Quebec - Canada-based fund reported 3,824 shares.

UnitedHealth Group Incorporated (UNH) have shown a high EPS growth of 8.90% in the last 5 years and has earnings rose of 20.60% yoy. First Midwest Commercial Bank Tru Division holds 23,069 shares. 12,886 are owned by Centurylink Investment Mngmt. Its share price has risen 4.57% in three months and is down -1.34% for the last five trades. Summit Wealth Advsr holds 21,495 shares.

Origin Asset Management Llp decreased its stake in Unitedhealth Gpoup Inc (UNH) by 7.31% based on its latest 2017Q2 regulatory filing with the SEC.

Investors sentiment increased to 1.56 in 2017 Q2. Its down 1.27, from 2.27 in 2017Q1. Mu Investments Ltd invested in 3.81% or 28,750 shares. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate's stock valued at $113,000 after acquiring an additional 150 shares during the last quarter. Glenmede Communications Na holds 2,977 shares. Baker Bros Advsrs Lp reported 0.05% stake.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 89.1 Percent. Fidelity Management and Research Company is the second biggest holder with 55 million shares now valued at 10.20 B million whilst State Street Corp has 46 million shares valued at 8.45 B million. Creative Planning owns 13,426 shares for 0.01% of their portfolio. Maverick Capital Ltd. purchased a new position in shares of UnitedHealth Group in the 2nd quarter valued at about $4,048,000. Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 204,549 shares for 0.21% of their portfolio. California Public Employees Retirement stated it has 0% in Stemline Therapeutics Inc (NASDAQ:STML). Liberty Mutual Grp Asset Mgmt reported 61,606 shares. Mckinley Limited Com Delaware reported 161,566 shares or 1.12% of all its holdings.

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