The price of Unitedhealth Group Inc (NYSE:UNH) shares last traded on Wall Street rose 3.36% to $552.97.
UNH stock price is now 4.80% away from the 50-day moving average and 11.24% away from the 200-day moving average. The market capitalization of the company currently stands at $511.45B.
With the price target enhanced from $520 to $640, UBS Upgraded its rating from Neutral to Buy for Unitedhealth Group Inc (NYSE: UNH).
In other news, HEMSLEY STEPHEN J, Director sold 121,515 shares of the company’s stock on Oct 17. The stock was sold for $65,688,591 at an average price of $540.58. Upon completion of the transaction, the Director now directly owns 521,818 shares in the company, valued at $288.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, EVP Chief People Officer McSweeney Erin sold 4,498 shares of the business’s stock. A total of $2,448,192 was realized by selling the stock at an average price of $544.28. This leaves the insider owning 9,218 shares of the company worth $5.1 million. Insiders disposed of 364,891 shares of company stock worth roughly $201.77 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.
A candlestick chart of Unitedhealth Group Inc (NYSE: UNH) showed a price of $535.79 on Thursday morning. During the past 12 months, Unitedhealth Group Inc has had a low of $445.68 and a high of $553.00. According to the stock market information, the enterprise value for the company is $530.73B, which is based on a 24.00 price-to-earnings ratio, a 1.90 price-to-earnings-growth ratio, and a beta of 0.61. The fifty day moving average price for UNH is $528.87 and a two-hundred day moving average price translates $497.38 for the stock.
The latest earnings results from Unitedhealth Group Inc (NYSE: UNH) was released for Sep, 2023. According to the Healthcare Plans Company, earnings per share came in at $6.56, beating analysts’ expectations of $6.32 by 0.24. This compares to $5.68 EPS in the same period last year. The net profit margin was 6.02% and return on equity was 27.26% for UNH. The company reported revenue of $92.36 billion for the quarter, compared to $80.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.18 percent. For the current quarter, analysts expect UNH to generate $92.26B in revenue.
Unitedhealth Group Inc(UNH) Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children’s health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. The OptumHealth segment provides care delivery, care management, wellness and consumer engagement, and health financial services for consumers, care delivery systems, providers, employers, payers, and public-sector entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.
