In yesterday’s Wall Street session, Unitedhealth Group Inc (NYSE:UNH) shares traded at $459.74, up 0.35% from the previous session.
UNH stock price is now -8.26% away from the 50-day moving average and -9.66% away from the 200-day moving average. The market capitalization of the company currently stands at $423.85B.
With the price target of $551, Barclays recently initiated with Overweight rating for Unitedhealth Group Inc (NYSE: UNH). On December 18, 2023, HSBC Securities Downgraded its previous ‘Hold’ rating to ‘Reduce’ on the stock reducing its target price from $550 to quote $480, while ‘UBS’ rates the stock as ‘Buy’
In other news, McSweeney Erin, EVP & Chief People Officer sold 1,236 shares of the company’s stock on Mar 08 ’24. The stock was sold for $597,582 at an average price of $483.48. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 9,364 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, Chief Accounting Officer ROOS THOMAS E sold 858 shares of the business’s stock. A total of $451,128 was realized by selling the stock at an average price of $525.79. This leaves the insider owning 32,289 shares of the company worth $14.84 million. A total of 0.18% of the company’s stock is owned by insiders.
During the past 12 months, Unitedhealth Group Inc has had a low of $445.68 and a high of $554.70. According to the stock market information, the enterprise value for the company is $455.28B, which is based on a 19.28 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 0.57. The fifty day moving average price for UNH is $500.08 and a two-hundred day moving average price translates $508.89 for the stock.
The latest earnings results from Unitedhealth Group Inc (NYSE: UNH) was released for Dec, 2023. According to the Healthcare Plans Company, earnings per share came in at $6.16, beating analysts’ expectations of $5.98 by 0.18. This compares to $5.18 EPS in the same period last year. The net profit margin was 6.02% and return on equity was 26.88% for UNH. The company reported revenue of $94.43 billion for the quarter, compared to $82.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.06 percent. For the current quarter, analysts expect UNH to generate $99.47B in revenue.
