UnitedHealth Group (NYSE:UNH) Lowered to “Hold” Rating by Argus

UnitedHealth Group (NYSE:UNH) was downgraded by analysts at Argus from a “buy” rating to a “hold” rating in a note issued to investors on Monday,Briefing.com Automated Import reports.

A number of other equities research analysts have also recently issued reports on the stock. HSBC raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and set a $595.00 price target on the stock in a research note on Friday, January 10th. Piper Sandler reduced their price objective on UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a research note on Thursday, January 2nd. Hsbc Global Res raised shares of UnitedHealth Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 10th. StockNews.com upgraded UnitedHealth Group from a “hold” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $700.00 price target on shares of UnitedHealth Group in a research report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, UnitedHealth Group has a consensus rating of “Buy” and a consensus price target of $632.85.

UnitedHealth Group Trading Down 22.0 %

Shares of NYSE:UNH opened at $456.10 on Monday. UnitedHealth Group has a 12-month low of $438.50 and a 12-month high of $630.73. The company has a market capitalization of $417.20 billion, a PE ratio of 29.43, a P/E/G ratio of 1.37 and a beta of 0.61. 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 business’s fifty day simple moving average is $512.95 and its 200-day simple moving average is $539.93.

UnitedHealth Group (NYSE:UNH) last posted its quarterly earnings results on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing the consensus estimate of $7.29 by ($0.09). The firm had revenue of $109.58 billion for the quarter, compared to analysts’ expectations of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same quarter in the previous year, the firm posted $6.91 EPS. As a group, equities research analysts predict that UnitedHealth Group will post 29.54 earnings per share for the current fiscal year.

Institutional Trading of UnitedHealth Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Howard Capital Management Group LLC acquired a new position in shares of UnitedHealth Group during the 3rd quarter worth $341,000. Principal Financial Group Inc. increased its stake in shares of UnitedHealth Group by 11.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,778,636 shares of the healthcare conglomerate’s stock worth $1,039,933,000 after purchasing an additional 180,479 shares in the last quarter. McIlrath & Eck LLC increased its position in UnitedHealth Group by 8.2% during the third quarter. McIlrath & Eck LLC now owns 635 shares of the healthcare conglomerate’s stock worth $371,000 after buying an additional 48 shares in the last quarter. SOA Wealth Advisors LLC. increased its position in UnitedHealth Group by 3.7% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,275 shares of the healthcare conglomerate’s stock worth $746,000 after purchasing an additional 46 shares in the last quarter. Finally, Tudor Financial Inc. acquired a new position in shares of UnitedHealth Group in the third quarter valued at approximately $900,000. Institutional investors and hedge funds own 87.86% of the company’s stock.

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.