Worth Watching: Does UnitedHealth Group Inc Have Any Gas After Today’s Huge Increase?

Worth Watching: Does UnitedHealth Group Inc Have Any Gas After Today's Huge Increase?

The stock of UnitedHealth Group Inc (NYSE:UNH) is a huge mover today! About 1.37 million shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 13.31% since April 26, 2016 and is uptrending. It has outperformed by 8.05% the S&P500.
The move comes after 5 months positive chart setup for the $149.45 billion company. It was reported on Nov, 29 by Barchart.com. We have $162.47 PT which if reached, will make NYSE:UNH worth $4.48B more.

Analysts await UnitedHealth Group Inc (NYSE:UNH) to report earnings on January, 17. They expect $2.07 EPS, up 47.86% or $0.67 from last year’s $1.4 per share. UNH’s profit will be $1.96B for 19.05 P/E if the $2.07 EPS becomes a reality. After $2.17 actual EPS reported by UnitedHealth Group Inc for the previous quarter, Wall Street now forecasts -4.61% negative EPS growth.

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 -9.04% below today’s ($157.74) stock price. UnitedHealth Group has been the topic of 20 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Mizuho maintained UnitedHealth Group Inc (NYSE:UNH) rating on Friday, November 20. Mizuho has “Buy” rating and $131 price target. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Neutral” rating given on Wednesday, November 9 by Mizuho. As per Wednesday, September 2, the company rating was upgraded by Vetr. RBC Capital Markets maintained the shares of UNH in a report on Wednesday, July 20 with “Outperform” rating. The firm has “Overweight” rating given on Wednesday, September 16 by JP Morgan. Bernstein initiated the shares of UNH in a report on Thursday, June 16 with “Outperform” rating. Morgan Stanley reinitiated UnitedHealth Group Inc (NYSE:UNH) on Wednesday, September 9 with “Overweight” rating. Cleveland initiated UnitedHealth Group Inc (NYSE:UNH) on Friday, April 8 with “Buy” rating. Mizuho maintained the shares of UNH in a report on Wednesday, October 19 with “Buy” rating. On Thursday, November 19 the stock rating was maintained by FBR Capital with “Outperform”.

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 increased to 1.02 in Q2 2016. Its up 0.10, from 0.92 in 2016Q1. The ratio increased, 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.
Analytic Investors Ltd Liability, a California-based fund reported 75,845 shares. Bankshares Of Hawaii, a Hawaii-based fund reported 1,506 shares. Tdam Usa last reported 1.32% of its portfolio in the stock. Intrust Bancorp Na has 7,072 shares for 0.4% of their US portfolio. Oakbrook Investments Lc owns 21,250 shares or 0.17% of their US portfolio. Pennsylvania Co last reported 58,743 shares in the company. Hartford Mgmt Inc accumulated 3,565 shares or 0.3% of the stock. Fulton Breakefield Broenniman accumulated 2.04% or 70,869 shares. Tiaa Cref Mgmt reported 5.37 million shares or 0.58% of all its holdings. Weiss Multi holds 9,302 shares or 0.1% of its portfolio. Stralem & Comm reported 212,350 shares or 3.46% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt reported 76,129 shares or 0.2% of all its holdings. Saturna Cap Corp has 4,580 shares for 0.02% of their US portfolio. Moreover, Financial Management Gp Limited has 0.07% invested in UnitedHealth Group Inc (NYSE:UNH) for 1,721 shares. First American Commercial Bank last reported 7,970 shares in the company.

Insider Transactions: Since June 10, 2016, the stock had 0 buys, and 6 selling transactions for $9.57 million net activity. $47,121 worth of shares were sold by Shine Kenneth Irwin on Friday, October 21. BURKE RICHARD T also sold $5.41M worth of UnitedHealth Group Inc (NYSE:UNH) shares. $453,615 worth of shares were sold by BALLARD WILLIAM C JR on Monday, November 14. On Thursday, November 17 the insider WILENSKY GAIL R sold $822,000. WILSON D ELLEN sold $2.07 million worth of stock or 14,365 shares.

More 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 Businesswire.com published the news titled: “UnitedHealth Group to Host Investor Conference” on November 21, 2016. Reuters.com‘s news article titled: “BRIEF-UnitedHealth Group to discuss 2017 financial outlook at investor con…” with publication date: November 28, 2016 was also an interesting one.

UNH Company Profile

UnitedHealth Group Incorporated, incorporated on January 25, 1977, is a health and well-being company. The Company’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 Company’s business platforms have four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx.

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