UnitedHealth tops profit estimate on growth across businesses (UNH)

17 October, 2017, 20:19 | Author: Leticia Walters
  • UnitedHealthcare campus Minneapolis

The Hopkins, MN-based health benefits provider reported Q3 earnings per share (EPS) of $2.66, which was $0.09 better than the Wall Street consensus estimate of $2.57. The number of shares now owned by investors are 108.12 mln. The stock decreased 0.21% or $0.4 during the last trading session, reaching $192.52. About 2.29 million shares traded. Liberty Global plc - Class A Ordinary Shares (NASDAQ:LILA) has declined 48.39% since October 16, 2016 and is downtrending. It has underperformed by 53.21% the S&P500. Parkside Financial Bank & Trust increased its stake in UnitedHealth Group by 1.4% in the first quarter. 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.

UnitedHealth Group Incorporated is a health and well-being company. The stock has "Overweight" rating by Morgan Stanley on Wednesday, September 9. About 4.06M shares traded or 34.44% up from the average. UnitedHealth Group Incorporated (UNH) now trades with a market capitalization of $186.53 Billion. It has outperformed by 16.06% the S&P500. Sanford C. Bernstein reissued an outperform rating and set a $210.00 target price on shares of UnitedHealth Group in a research note on Tuesday, October 10th. Therefore 100% are positive. Finally, Hanson McClain Inc. increased its stake in UnitedHealth Group by 1.7% in the first quarter. The rating was maintained by Credit Suisse on Thursday, July 13 with "Buy". The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, June 7. Stifel Nicolaus reaffirmed a buy rating and issued a $185.00 price objective on shares of UnitedHealth Group in a research note on Wednesday, June 28th. The rating was upgraded by Morgan Stanley on Monday, August 3 to "Overweight". RBC Capital Markets maintained UnitedHealth Group Inc (NYSE:UNH) rating on Wednesday, July 20. The firm has "Buy" rating given on Friday, October 6 by Mizuho.

In recent action, UnitedHealth Group Incorporated (UNH) has made a move of -2.86% over the past month, which has come on weak relative transaction volume. Cowen & Co has "Buy" rating and $22000 target.

Marco Investment Management Llc, which manages about $888.82M and $605.03 million US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 2,230 shares to 9,802 shares, valued at $1.48 million in 2017Q2, according to the filing.

UnitedHealth said net earnings rose 26.3 percent to $2.49 billion, or $2.51 per share, in the third quarter ended September 30. Its up 0.04, from 0.98 in 2017Q1. It fall, as 44 investors sold RMD shares while 109 reduced holdings. 122 funds opened positions while 438 raised stakes. Its down 5.61% from 10.34 million shares previously. Insight Rech & Mngmt invested in 1.64% or 15,121 shares. Hussman Strategic Advsrs accumulated 25,000 shares. Symphony Asset Management Ltd Limited Liability Company reported 13,169 shares. 140,842 were reported by Mutual Of America Lc. After $-0.39 actual earnings per share reported by Fluidigm Corporation for the previous quarter, Wall Street now forecasts -12.82% EPS growth. 9,000 are owned by Barbara Oil. Weiss Multi stated it has 5,123 shares. Also, insider Larry C. Renfro sold 50,574 shares of the business's stock in a transaction dated Friday, September 15th. Capital Impact Advisors Llc, a Massachusetts-based fund reported 29,600 shares. Its up 14.34% from 748,900 shares previously. For UNH, you can get a sense of how sustainable that is by a levered free cash flow of $12.61 Billion over the past twelve months. The business had revenue of $50.05 billion for the quarter, compared to the consensus estimate of $49.97 billion. UnitedHealth Group Inc (NYSE:UNH) has risen 32.76% since October 17, 2016 and is uptrending.

Since May 4, 2017, it had 0 insider buys, and 3 selling transactions for $10.13 million activity. Annual EPS Growth of past 5 years is 8.90%. PACE GARY W sold $1.85M worth of ResMed Inc. On Monday, May 1 the insider Sandercock Brett sold $85,750. (NYSE:RMD) has "Outperform" rating given on Friday, January 22 by Credit Suisse. (NYSE:VZ) were released by: Nasdaq.com and their article: "Verizon Communications Inc". The ex-dividend date was Thursday, September 7th. About 2.92 million shares traded. Ltd. increased its position in shares of UnitedHealth Group by 433.3% during the second quarter.

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