Insurer UnitedHealth's quarterly profit, revenue beats

Insurer UnitedHealth's quarterly profit, revenue beats

Insurer UnitedHealth's quarterly profit, revenue beats

Kames Capital Public Ltd Com stated it has 0% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). The Burney Co holds 149,823 shares with $23.98M value, down from 156,459 last quarter. Finally, Viking Global Investors LP purchased a new position in shares of UnitedHealth Group during the fourth quarter valued at approximately $354,206,000. The stock has risen 31 percent in the last 12 months.

UnitedHealth Group Incorporated (UNH) has an annual dividend of $2.5, while its annual dividend yield is 1.52%. The company has a 50 day moving average of $166.88 and a 200-day moving average of $157.07. The company has market cap of $40.79 billion. Stock was trading at $164.99 per share at the open of business on Monday and closed at $167.20.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Tuesday, April 18th. The company had reported the adjusted revenue growth of 9.4 percent to $48.73 billion in the first quarter of FY 17, beating the analysts' estimates for revenue of $48.35 billion. Optum is a health services business serving the healthcare marketplace, including payers, care providers, employers, governments, life sciences companies and consumers, through its OptumHealth, OptumInsight and OptumRx businesses. RBC Capital Markets maintained UnitedHealth Group Inc (NYSE:UNH) on Wednesday, July 20 with "Outperform" rating.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, UNH earned gross profit of 0, in 2015 0 gross profit, while in 2016 UnitedHealth Group Incorporated (UNH) produced 0 profit. During the same quarter a year ago, the firm posted $1.40 EPS.

Revenue rose 9.4 percent to $48.73 billion, above estimates of 48.35 billion. Investors of record on Friday, March 10th were paid a dividend of $0.625 per share. The ex-dividend date was Wednesday, March 8th.

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Employees Retirement System Of Texas increased Unitedhealth Group Inc (UNH) stake by 5.24% reported in 2016Q4 SEC filing.

WARNING: This news story was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. BURKE RICHARD T also sold $2.40M worth of UnitedHealth Group Inc (NYSE:UNH) shares.

Several analysts have commented on the stock. Insiders own 0.10% of the company shares. Price Target plays a critical role when it comes to the analysis of a Stock. Analysts have a mean recommendation of 1.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

According to Financial Times, The 11 analysts offering 12 month price targets for Altria Group Inc have a median target of 74.00, with a high estimate of 82.00 and a low estimate of 62.00. The firm now has a "buy" rating on the healthcare conglomerate's stock. The stock now has a consensus rating of "Buy" and a consensus price target of $177.95. Humana Inc. and Aetna Inc., the No. 2 and No. 3 sellers of private Medicare plans, in February ended their long effort to combine, after the transaction was blocked by a federal judge. The stock was sold at an average price of $162.68, for a total value of $813,400.00. The company's institutional ownership is monitored at 86.9 percent. Traders acquired 333 put options on the company. In this case, shares are down -25.05% from $106.67, the 52-week high touched on May. The disclosure for this sale can be found here.

UnitedHealth's results were stronger than most had expected, confirming the decision the company made with respect to the ACA.

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