UnitedHealth Group Incorporated (UNH) on Focus After Trading At 52-Week Highs

July 16, 2018 - By Billy Entrekin

UnitedHealth Group Incorporated (NYSE:UNH) Logo

Investors sentiment is 0.96 in 2018 Q1. Its the same as in 2017Q4. It has no change, as 55 investors sold UnitedHealth Group Incorporated shares while 532 reduced holdings. only 125 funds opened positions while 440 raised stakes. 789.19 million shares or 2.09% less from 806.07 million shares in 2017Q4 were reported.
Asset Mngmt has invested 0.28% in UnitedHealth Group Incorporated (NYSE:UNH). Nuwave Invest Mngmt Limited Liability reported 889 shares. Daiwa Group Incorporated invested in 0.17% or 97,505 shares. Qs Invsts holds 0.29% or 132,287 shares in its portfolio. Monetta Services holds 3.09% or 27,000 shares. Meiji Yasuda Asset Mgmt Commerce Limited invested 1.27% in UnitedHealth Group Incorporated (NYSE:UNH). Kanawha Cap Management Ltd, a Virginia-based fund reported 2,121 shares. Capital Mngmt Ltd Liability Corporation reported 1,175 shares. Sei Invs Comm has 0.54% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 653,022 shares. National Bank Of The Ozarks stated it has 0.15% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). 98,616 were accumulated by Marshall Wace Ltd Liability Partnership. Northwestern Mutual Wealth invested in 102,287 shares or 0.13% of the stock. Meristem Limited Liability Partnership accumulated 1,862 shares. Arizona State Retirement Sys has invested 0.58% in UnitedHealth Group Incorporated (NYSE:UNH). Boston Advisors invested 1.51% in UnitedHealth Group Incorporated (NYSE:UNH).

Since January 18, 2018, it had 0 buys, and 13 insider sales for $36.37 million activity. On Thursday, January 18 WILENSKY GAIL R sold $1.40 million worth of UnitedHealth Group Incorporated (NYSE:UNH) or 5,820 shares. 10,000 shares were sold by HOOPER MICHELE J, worth $2.38 million on Wednesday, January 31. Shares for $3.28 million were sold by Nelson Steven H on Thursday, March 15. 10,000 shares were sold by BALLARD WILLIAM C JR, worth $2.46M. On Friday, January 19 Shine Kenneth Irwin sold $48,025 worth of UnitedHealth Group Incorporated (NYSE:UNH) or 198 shares. RENFRO LARRY C also sold $5.08 million worth of UnitedHealth Group Incorporated (NYSE:UNH) on Thursday, March 15.

The stock of UnitedHealth Group Incorporated (NYSE:UNH) hit a new 52-week high and has $264.82 target or 3.00 % above today’s $257.11 share price. The 7 months bullish chart indicates low risk for the $247.08B company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $264.82 price target is reached, the company will be worth $7.41 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.61% or $1.591 during the last trading session, reaching $257.109. About 1.42 million shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 37.57% since July 16, 2017 and is uptrending. It has outperformed by 25.00% the S&P500.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on July, 17 before the open. They expect $3.03 EPS, up 23.17 % or $0.57 from last year’s $2.46 per share. UNH’s profit will be $2.91 billion for 21.21 P/E if the $3.03 EPS becomes a reality. After $3.04 actual EPS reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts -0.33 % negative EPS growth.

UnitedHealth Group Incorporated (NYSE:UNH) Ratings Coverage

Among 10 analysts covering UnitedHealth (NYSE:UNH), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. UnitedHealth had 14 analyst reports since January 17, 2018 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, June 7 by BMO Capital Markets. Credit Suisse downgraded UnitedHealth Group Incorporated (NYSE:UNH) rating on Monday, June 11. Credit Suisse has “Hold” rating and $27000 target. The firm has “Outperform” rating given on Thursday, June 21 by BMO Capital Markets. The firm earned “Overweight” rating on Wednesday, April 18 by Morgan Stanley. The firm has “Outperform” rating given on Wednesday, April 18 by Credit Suisse. Cantor Fitzgerald maintained it with “Buy” rating and $28000 target in Tuesday, April 17 report. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, April 17 report. RBC Capital Markets maintained it with “Buy” rating and $28200 target in Wednesday, April 18 report. The rating was maintained by Credit Suisse with “Buy” on Wednesday, January 17. The firm earned “Buy” rating on Wednesday, April 18 by Bernstein.

More news for UnitedHealth Group Incorporated (NYSE:UNH) were recently published by: 247Wallst.com, which released: “Nike Stays Put as Dow’s Top-Performing Stock” on July 14, 2018. 247Wallst.com‘s article titled: “Microsoft, Goldman Sachs, IBM and More Dow Stocks to Watch This Week” and published on July 15, 2018 is yet another important article.

UnitedHealth Group Incorporated operates as a diversified health and well-being firm in the United States. The company has market cap of $247.08 billion. The company's UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, individuals, and military service members; and health care coverage, and health and well-being services to individuals aged 50 and older addressing their needs for preventive and acute health care services. It has a 22.64 P/E ratio. It also provides services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, Children's Health Insurance Program, and health care programs; and health services, including commercial health and dental benefits.

UnitedHealth Group Incorporated (NYSE:UNH) Institutional Positions Chart

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