Why are Institutional Investors Interested in Buying UnitedHealth Group Incorporated (UNH)?

UnitedHealth Group Incorporated (NYSE: UNH) is 19.29% higher on its value in year-to-date trading and has touched a low of $187.72 and a high of $367.95 in the current 52-week trading range. The UNH stock was last observed hovering at around $344.99 in the last trading session, with the day’s gains setting it 5.69% off its average median price target of $390.00 for the next 12 months. It is also 24.1% off the consensus price target high of $462.00 offered by 27 analysts, but current levels are -4.68% lower than the price target low of $335.00 for the same period.

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Currently trading at $350.68, the stock is 2.45% and 3.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing 1.65% at the moment leaves the stock 14.78% off its SMA200. UNH registered 19.89% gain for a year compared to 6-month gain of 17.58%. The firm has a 50-day simple moving average (SMA 50) of $341.92 and a 200-day simple moving average (SMA200) of $319.09.

The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 12.01%, and is 3.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.61% over the week and 1.80% over the month.

UnitedHealth Group Incorporated (UNH) has around 325000 employees, a market worth around $327.34B and $252.58B in sales. Current P/E ratio is 20.15 and Fwd P/E is 19.28. Profit margin for the company is 6.60%. Distance from 52-week low is 86.81% and -4.69% from its 52-week high. The company has generated returns on investments over the last 12 months (16.20%).

UnitedHealth Group Incorporated (UNH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for UnitedHealth Group Incorporated (UNH) is a “Buy”. 27 analysts offering their recommendations for the stock have an average rating of 1.90, where 6 rate it as a Hold and 1 think it is a “Overweight”. 20 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

UnitedHealth Group Incorporated is expected to release its quarterly report on 04/20/2021 and quarterly earnings per share for the current quarter are estimated at $2.4 with sales reaching $65.14B over the same period.The EPS is expected to grow by 17.50% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 7.00% in year-over-year returns.

UnitedHealth Group Incorporated (UNH) Top Institutional Holders

2,935 institutions hold shares in UnitedHealth Group Incorporated (UNH), with 5.48M shares held by insiders accounting for 0.58% while institutional investors hold 89.84% of the company’s shares. The shares outstanding are 950.00M, and float is at 943.28M with Short Float at 0.66%. Institutions hold 89.32% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 79.78 million shares valued at $24.87 billion. The investor’s holdings represent 8.41% of the UNH Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 73.22 million shares valued at $22.83 billion to account for 7.72% of the shares outstanding. The other top investors are FMR, LLC which holds 52.27 million shares representing 5.51% and valued at over $16.3 billion, while State Street Corporation holds 4.82% of the shares totaling 45.73 million with a market value of $14.26 billion.

UnitedHealth Group Incorporated (UNH) Insider Activity

The most recent transaction is an insider sale by SHORT MARIANNE D, the company’s EVP & Chief Legal Officer. SEC filings show that SHORT MARIANNE D sold 8,562 shares of the company’s common stock on Dec 30 at a price of $347.08 per share for a total of $2.97 million. Following the sale, the insider now owns 0.14 million shares.

UnitedHealth Group Incorporated disclosed in a document filed with the SEC on Dec 29 that SHORT MARIANNE D (EVP & Chief Legal Officer) sold a total of 9,681 shares of the company’s common stock. The trade occurred on Dec 29 and was made at $348.00 per share for $3.37 million. Following the transaction, the insider now directly holds 0.14 million shares of the UNH stock.

Still, SEC filings show that on Dec 15, BURKE RICHARD T (Director) disposed off 2,500 shares at an average price of $340.00 for $0.85 million. The insider now directly holds 1,336,500 shares of UnitedHealth Group Incorporated (UNH).

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UnitedHealth Group Incorporated (UNH): Who are the competitors?

The company’s main competitors (and peers) include Humana Inc. (HUM) that is trading 12.95% up over the past 12 months. Centene Corporation (CNC) is -2.99% down on the 1-year trading charts. Short interest in the company’s stock has risen 4.02% from the last report on Nov 12, 2020 to stand at a total of 5.97 million short shares sold with a short interest ratio of 2.

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