UnitedHealth Group (NYSE:UNH) Stock Price Down 0% - Here's Why

UnitedHealth Group Incorporated (NYSE:UNH - Get Free Report) shares were down 0% during trading on Thursday . The stock traded as low as $514.46 and last traded at $518.19. Approximately 530,279 shares were traded during trading, a decline of 87% from the average daily volume of 4,071,972 shares. The stock had previously closed at $518.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UNH shares. StockNews.com raised UnitedHealth Group from a "hold" rating to a "buy" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of UnitedHealth Group from $595.00 to $625.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. KeyCorp reiterated an "overweight" rating and set a $650.00 price objective on shares of UnitedHealth Group in a research report on Friday, January 17th. Hsbc Global Res raised shares of UnitedHealth Group from a "hold" rating to a "strong-buy" rating in a report on Friday, January 10th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $700.00 price objective on shares of UnitedHealth Group in a research note on Friday, January 17th. Twenty investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $629.32.

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UnitedHealth Group Trading Down 0.0 %

The firm has a market capitalization of $471.51 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 1.37 and a beta of 0.62. The company has a current ratio of 0.83, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The stock has a 50-day simple moving average of $508.81 and a two-hundred day simple moving average of $544.24.

UnitedHealth Group (NYSE:UNH - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The healthcare conglomerate reported $6.81 EPS for the quarter, beating the consensus estimate of $6.74 by $0.07. The business had revenue of $100.81 billion during the quarter, compared to analyst estimates of $101.60 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.83 EPS. On average, equities research analysts anticipate that UnitedHealth Group Incorporated will post 29.54 earnings per share for the current year.

UnitedHealth Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $2.10 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a yield of 1.63%. UnitedHealth Group's payout ratio is 54.19%.

Insider Activity

In related news, Director Timothy Patrick Flynn bought 1,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average cost of $511.57 per share, for a total transaction of $511,570.00. Following the purchase, the director now directly owns 4,500 shares of the company's stock, valued at approximately $2,302,065. This trade represents a 28.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

Institutional Investors Weigh In On UnitedHealth Group

A number of large investors have recently made changes to their positions in UNH. Mascagni Wealth Management Inc. purchased a new position in shares of UnitedHealth Group in the fourth quarter worth about $66,000. Fairtree Asset Management Pty Ltd acquired a new stake in shares of UnitedHealth Group in the fourth quarter worth $1,333,000. DSG Capital Advisors LLC acquired a new position in UnitedHealth Group during the fourth quarter valued at $25,606,000. Chancellor Financial Group WB LP acquired a new stake in UnitedHealth Group during the 4th quarter worth about $2,169,000. Finally, Triton Wealth Management PLLC boosted its stake in shares of UnitedHealth Group by 8.8% in the fourth quarter. Triton Wealth Management PLLC now owns 493 shares of the healthcare conglomerate's stock worth $249,000 after buying an additional 40 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Company Profile

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.