When is the right time to cash out of Unitedhealth Group Inc [UNH] stock?

In yesterday’s Wall Street session, Unitedhealth Group Inc (NYSE:UNH) shares traded at $521.27, up 0.72% from the previous session.

UNH stock price is now 7.67% away from the 50-day moving average and 2.41% away from the 200-day moving average. The market capitalization of the company currently stands at $479.77B.

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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 $4.88 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 $16.83 million. A total of 0.20% 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.

According to the Healthcare Plans Company, earnings per share came in at 6.14, beating analysts’ expectations of 5.99 by 0.15. This compares to $6.12 EPS in the same period last year. The net profit margin was 4.05% and return on equity was 18.29% 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. For the current quarter, analysts expect UNH to generate $98.7B in revenue.

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