In yesterday’s Wall Street session, Unitedhealth Group Inc (NYSE:UNH) shares traded at $501.13, up 1.61% from the previous session.
UNH stock price is now 2.39% away from the 50-day moving average and -1.34% away from the 200-day moving average. The market capitalization of the company currently stands at $462.01B.
With the price target maintained at $460, HSBC Securities recently Upgraded its rating from Reduce to Hold for Unitedhealth Group Inc (NYSE: UNH). On March 06, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $551, while ‘HSBC Securities’ rates the stock as ‘Reduce’
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 $4.69 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 $16.18 million. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Unitedhealth Group Inc has had a low of $436.38 and a high of $554.70.
The net profit margin was 4.05% and return on equity was 26.88% for UNH. The company reported revenue of $99.8 billion for the quarter, compared to $91.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.56 percent.
Unitedhealth Group Inc(UNH) Company Profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company 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 Optum Health segment provides care delivery, care management, wellness and consumer engagement, and health financial services patients, consumers, care delivery systems, providers, employers, payers, and public-sector entities. The Optum Insight 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 Optum Rx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, infusion, 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 founded in 1974 and is based in Minnetonka, Minnesota.
