Many investors consider earnings performance to be one of the most important factors when deciding which stocks to choose. Ballentine Partners LLC lifted its stake in shares of UnitedHealth Group by 2.3% during the 2nd quarter.
Other institutional investors also recently made changes to their positions in the company. However, earnings-per-share are expected to see growth of 13.45% in next year. Now the ROI of ING Group, N.V. (NYSE:ING) is 6.1% while the ROI of UnitedHealth Group Incorporated (NYSE:UNH) is 13.6%. Glenmede Trust Co. NA now owns 708,075 shares of the healthcare conglomerate's stock worth $173,719,000 after purchasing an additional 4,055 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of UnitedHealth Group by 12.0% in the second quarter. Trustcore Financial Services LLC now owns 810 shares of the healthcare conglomerate's stock worth $199,000 after purchasing an additional 206 shares during the period. Finally, Morgan Stanley lifted its position in UnitedHealth Group by 5.2% during the second quarter.
The Profitability ratios reveals facts about how much stock is profitable and what the past Profitability performance. The stock increased 0.97% or $2.49 during the last trading session, reaching $259.61.
UnitedHealth's insurance business added 2.8 million members in the third quarter from a year earlier and posted revenue of $45.94 billion, up 12.8 percent from last year. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $256.06 billion, a P/E ratio of 25.91, a PEG ratio of 1.58 and a beta of 0.73. Because there must be a beginning, the first TR value is simply the High minus the Low, and the first 14-day ATR is the average of the daily TR values for the last 14 days. UnitedHealth Group Incorporated (UNH) negotiated the trading capacity of 3544176 shares and observing the average volume of last three months the stock traded 2564.81K shares.
Net earnings attributable to shareholders at the largest US health insurer rose to $3.19 billion, or $3.24 per share, in the third quarter ended September 30, from $2.49 billion, or $2.51 per share, a year earlier. UnitedHealth Group had a net margin of 5.55% and a return on equity of 22.79%. The firm had revenue of $56.56 billion for the quarter, compared to analyst estimates of $56.34 billion.
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The company's medical care ratio, or the percentage of premiums it paid out for medical services, was 81 percent in the quarter, compared with 81.4 percent a year ago. Its Medicare Advantage business served 525,000 more people year over year and 125,000 more people in the third quarter, including 65,000 from the combination with Peoples Health in the quarter. The company surprised analysts by 3 who were expecting $3.04 per share. The stock's quarterly performance represents optimistic momentum of 1.02 percent. The ex-dividend date was Thursday, September 6th.
While other health players including CVS Health, Aetna Inc and Cigna Corp are embarking on major merger deals, UnitedHealth has doubled down on a strategy of reining in costs and expanding its medical services group. Many value shareholders look for stocks with a high percentage of insider ownership, under the theory that when administration are shareholders, they will act in its own self-interest, and create shareholder value in the long-term. RENFRO LARRY C sold $5.00M worth of stock or 19,652 shares. The stock was sold at an average price of $264.29, for a total value of $4,068,215.97. Following the sale, the executive vice president now owns 66,402 shares of the company's stock, valued at approximately $17,549,384.58. The disclosure for this sale can be found here.
In related news, Director Richard T. Burke sold 20,000 shares of the company's stock in a transaction dated Wednesday, September 12th.
Several equities research analysts recently weighed in on the stock. A rating of a 1 or a 2 would signify a mean Buy view. Zacks Investment Research upgraded UnitedHealth Group from a "hold" rating to a "buy" rating and set a $299.00 price objective for the company in a research report on Tuesday, September 25th. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Finally, Royal Bank of Canada boosted their price target on shares of UnitedHealth Group from $282.00 to $284.00 and gave the company a $255.42 rating in a research report on Wednesday, July 18th.
UnitedHealth Group Incorporated operates as a diversified health care company in the United States.