UnitedHealth Group (UNH) Set to Announce Quarterly Earnings on Tuesday

UnitedHealth Raises Profit Outlook

UnitedHealth second-quarter medical costs miss estimates, shares slide

BALLARD WILLIAM C JR also sold $2.46M worth of UnitedHealth Group Incorporated (NYSE:UNH) shares. It also increased its holding in Hdfc Bank Ltd Adr Reps 3 Shs (NYSE:HDB) by 44,457 shares in the quarter, for a total of 330,471 shares, and has risen its stake in Lvmh Moet Hennessy Lou Vuitt Adr (LVMUY). Ami Investment Mgmt Inc accumulated 10,979 shares or 1.49% of the stock.

UnitedHealth Group Incorporated (NYSE:UNH) recent rally took place on significantly less volume which dipped to almost 2.3 million contracts on 15-Jul-18 versus its daily average of 2.65 million. The Willingdon Wealth Management holds 4,310 shares with $922,000 value, up from 76 last quarter. The institutional investor held 3.69 million shares of the medical specialities company at the end of 2018Q1, valued at $790.58M, down from 3.71M at the end of the previous reported quarter. Global Financial Private Capital LLC lifted its stake in UnitedHealth Group by 13.7% in the 4th quarter. Finally, JLB & Associates Inc. purchased a new position in UnitedHealth Group in the 2nd quarter valued at about $1,799,000. Unlike passive investors, who invest in a stock when they believe in its potential for long-term appreciation, active investors will typically look at the price movements of their stocks many times a day. The share price has already crossed its 20 days moving average, floating at a distance of 2.81% and sits 5.08% higher versus its 50 days moving average. After the transaction, the Director BURKE RICHARD T now holds 1,746,533 shares of the company's stock, which is worth approximately $448824050. The transaction was disclosed in a document filed with the SEC, which is available at this link. BURKE RICHARD T sold $3.51M worth of stock or 15,000 shares. The shares were sold at an average price of $237.42, for a total transaction of $47,958.84. The fund bought 4,690 shares of the healthcare conglomerate's stock, valued at approximately $662,000. The disclosure for this sale can be found here. The company had revenue of $56.09 billion for the quarter, compared to analysts' expectations of $56.10 billion.

Several research firms recently weighed in on UNH. Analysts offer the company with a rating of 3 would be a sign of a Hold rating. Cantor Fitzgerald reissued a "buy" rating and set a $300.00 price objective on shares of UnitedHealth Group in a report on Thursday, July 5th.

UnitedHealth Group opened at $258.70 on Monday, MarketBeat.com reports. A rating of a 1 or a 2 would signify a mean Buy view.

UNH stock was down 2% as of Tuesday afternoon.

Investors are focusing on the cost trend and that's why other insurer shares were down and hospital stocks were up Tuesday, Michael Newshel, an analyst at Evercore ISI, said. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.71 and a quick ratio of 0.71.

United Healthcare correspondence is seen in North Andover Mass. United Health Group reports earnings Tuesday
United Healthcare correspondence is seen in North Andover Mass. United Health Group reports earnings Tuesday

UnitedHealth Group Inc. has a 52 week low of $107.51 and a 52 week high of $146.36. The healthcare conglomerate reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.09. UnitedHealth Group had a return on equity of 19.92% and a net margin of 3.62%. In the same period of previous year, the managed health care giant said it had EPS of $2.46 on $50.05 billion in revenue.

The division has been at the forefront of vertical integration, including taking part in a $2.2 billion acquisition of a medical staffing company earlier this year and the purchase of DaVita Medical Group for almost $5 billion in December.

UnitedHealth Group declared that its board has initiated a share buyback program on Wednesday, June 6th that authorizes the company to buyback 100,000,000 outstanding shares. This repurchase authorization authorizes the healthcare conglomerate to purchase shares of its stock through open market purchases. Stockholders of record on Monday, June 18th were issued a dividend of $0.90 per share.

The UnitedHealth Group Incorporated has the market capitalization of $244.86B. UnitedHealth Group's payout ratio is presently 35.75%.

UnitedHealth Group Inc. on Tuesday raised its full-year earnings outlook as the company continued to see growth in health-care plan membership and premiums.

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