The stock of UnitedHealth Group Inc (NYSE:UNH) reached all time high today, Nov, 11 and still has $226.72 target or 54.00% above today’s $147.22 share price. This indicates more upside for the $144.30B company. This technical setup was reported by Barchart.com. If the $226.72 PT is reached, the company will be worth $77.92B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 587,131 shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 15.67% since April 11, 2016 and is uptrending. It has outperformed by 9.53% the S&P500.
UnitedHealth Group Inc (NYSE:UNH) Ratings Coverage
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 -2.54% below today’s ($147.22) stock price. UnitedHealth Group has been the topic of 20 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was upgraded by Vetr on Wednesday, September 2 to “Strong-Buy”. Mizuho maintained the shares of UNH in a report on Friday, November 20 with “Buy” rating. The firm has “Buy” rating by Mizuho given on Wednesday, October 19. The rating was reinitiated by Morgan Stanley with “Overweight” on Wednesday, September 9. The company was initiated on Wednesday, September 16 by JP Morgan. The rating was initiated by Cleveland on Friday, April 8 with “Buy”. Bernstein initiated the shares of UNH in a report on Thursday, June 16 with “Outperform” rating. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Outperform” rating by RBC Capital Markets on Wednesday, July 20. As per Wednesday, November 9, the company rating was downgraded by Mizuho. The firm has “Outperform” rating by FBR Capital given on Thursday, November 19.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.02, from 0.94 in 2016Q1. The ratio turned negative, 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.
Sivik Global Health Limited Liability Corporation holds 1.05% or 15,000 shares in its portfolio. Maryland Mgmt last reported 126,864 shares in the company. Tdam Usa Incorporated last reported 190,385 shares in the company. Firstmerit Bancshares N A Trustee accumulated 2,018 shares or 0.02% of the stock. Blackrock Institutional Trust Na reported 25.91M shares or 0.59% of all its holdings. Highland Mgmt Limited Liability Co holds 0.22% or 17,717 shares in its portfolio. Mackenzie Fincl Corp, a Ontario – Canada-based fund reported 9,680 shares. Stratos Wealth Partners Limited last reported 0.11% of its portfolio in the stock. Comml Bank Of Hawaii has 0.02% invested in the company for 1,506 shares. Investment Centers Of America Inc has 0.06% invested in the company for 2,215 shares. Legacy Private Tru holds 3,652 shares or 0.08% of its portfolio. Eagle Asset Management last reported 13,366 shares in the company. Welch Forbes Llc owns 1,940 shares or 0.01% of their US portfolio. Counselors has 0.61% invested in the company for 71,900 shares. Amica Retiree Med Trust accumulated 0.79% or 6,554 shares.
Insider Transactions: Since May 13, 2016, the stock had 0 insider purchases, and 4 selling transactions for $8.30 million net activity. 40,000 shares were sold by BURKE RICHARD T, worth $5.41 million on Wednesday, September 7. WILENSKY GAIL R also sold $768,924 worth of UnitedHealth Group Inc (NYSE:UNH) on Friday, June 10. Shares for $2.07 million were sold by WILSON D ELLEN. On Friday, October 21 the insider Shine Kenneth Irwin sold $47,121.
More notable recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Forbes.com which released: “UnitedHealth Group Absorbs Obamacare Losses As Optum Profits Soar” on October 18, 2016, also Wsj.com with their article: “UnitedHealth Group Earnings: What to Watch” published on October 17, 2016, Forbes.com published: “December 9th Options Now Available For UnitedHealth Group (UNH)” on October 27, 2016. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Schaeffersresearch.com and their article: “Analyst Downgrades: UnitedHealth Group Inc, HCA Holdings Inc, and Community …” published on November 09, 2016 as well as Thedenverchannel.com‘s news article titled: “Working Wednesday: UnitedHealth Group hiring” with publication date: November 02, 2016.
UNH Company Profile
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.
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