Optum drives strong growth in first quarter for UnitedHealth Group

19 April, 2017, 10:14 | Author: Eloise Marshall
  • UnitedHealth (UNH) Poised to Beat on Q1 Earnings: Here's Why

Overall, the company earned $2.17 billion in the first quarter on $48.72 billion in total revenue. Cantor Fitzgerald Upgrades the company's stock to Buy on 12/07/16 with no specific Price Target. Wells Fargo & Co reiterated an "outperform" rating on shares of UnitedHealth Group in a research report on Tuesday, February 21st. Deutsche Bank AG assumed coverage on UnitedHealth Group in a research note on Wednesday, April 5th. Employees Retirement System Of Texas acquired 19,800 shares as Unitedhealth Group Inc (UNH)'s stock rose 15.56%.

UnitedHealth also raised its guidance for 2017, giving investors another reason to celebrate. UnitedHealth Group had 28 analyst reports since September 2, 2015 according to SRatingsIntel. They issued an "overweight" rating and a $188.00 price target on the stock.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The company now has a consensus rating of "Buy" and a consensus target price of $177.95. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright laws. UnitedHealth Group accounts for approximately 1.6% of Viking Global Investors LP's holdings, making the stock its 19th largest position. About 1,445 shares traded. The stock has a 50 day moving average price of $166.88 and a 200 day moving average price of $157.07.

Murphy Oil Corporation (NYSE:MUR), stock is trading $36.05 above the 52-week high and has displayed a high EPS growth of -20.80% in last 5 years. The 52 week high shares of Unitedhealth Group Inc. have reached is 172.14 whilst the 52 week low for the company's shares is 128.53. UnitedHealth Group also saw some unusual options trading on Monday. This represents an increase of 200% compared to the average daily volume of 111 put options. Stockholders of record on Friday, March 10th were paid a $0.625 dividend.

Since January 1, 0001, it had 0 insider purchases, and 9 selling transactions for $2.68 million activity. The ex-dividend date of this dividend was Wednesday, March 8th. UnitedHealth Group's dividend payout ratio (DPR) is now 33.47%. Shares for $861,885 were sold by WILENSKY GAIL R on Thursday, February 23. The shares were sold at an average price of $162.68, for a total transaction of $813,400.00. Its share price has decline -9.48% in three months and is up 0.29% for the last five trades. Following the sale, the director now directly owns 35,941 shares of the company's stock, valued at approximately $6,141,957.49.

UnitedHealth is right for investors who are looking for a blue-chip healthcare stock that is poised to outperform its peers in the next 12 to 18 months. Since the open, shares have moved -0.64% after recently hitting the $168.91 mark.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. The firm owned 9,500 shares of the healthcare conglomerate's stock at the end of the first quarter. Eqis Mgmt has invested 0.09% in UnitedHealth Group Inc (NYSE:UNH). 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 during the period.

UnitedHealth Group Inc. reported its revenue and profits rose as the company exited numerous Affordable Care Act's exchanges. Surgical Care said it serves about 1 million patients a year at its 205 facilities. Following the completion of the sale, the director now owns 75,391 shares of the company's stock, valued at $12,264,607.88.

UnitedHealth Group Inc. is doing well doing business with the US government. The company also runs an Optum segment, providing pharmacy benefits management and technology services and also operates clinics and doctor's offices.

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