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Unitedhealth Group Inc (UNH) Stock Could Soon Reward Patient Investors

Unitedhealth Group Inc (NYSE: UNH) is -12.98% lower on its value in year-to-date trading and has touched a low of $445.68 and a high of $554.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The UNH stock was last observed hovering at around $489.70 in the last trading session, with the day’s loss setting it -31.56%.

Currently trading at $458.14, the stock is -5.94% and -8.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.85 million and changing -6.44% at the moment leaves the stock -9.98% off its SMA200. UNH registered -2.54% loss for a year compared to 6-month loss of -9.13%. The firm has a 50-day simple moving average (SMA 50) of $1.23 and a 200-day simple moving average (SMA200) of $12.53.

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The stock witnessed a -6.41% gain in the last 1 month and extending the period to 3 months gives it a -12.98%, and is -5.71% down 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 1.70% over the week and 1.60% over the month.

Unitedhealth Group Inc (UNH) has around 440000 employees, a market worth around $422.37B and $371.62B in sales. Current P/E ratio is 19.21 and Fwd P/E is 14.64. Profit margin for the company is 6.02%. Distance from 52-week low is 2.80% and -17.41% from its 52-week high. The company has generated returns on investments over the last 12 months (14.83%).

Unitedhealth Group Inc quarterly earnings per share for the current quarter are estimated at $6.67 with sales reaching $99.47B over the same period.The EPS is expected to grow by 10.43% this year, but quarterly earnings will post 7.90% year-over-year. Quarterly sales are estimated to grow 10.80% in year-over-year returns.

Unitedhealth Group Inc (UNH) Top Institutional Holders

4,329 institutions hold shares in Unitedhealth Group Inc (UNH), with institutional investors hold 90.53% of the company’s shares. The shares outstanding are 924.00M, and float is at 920.26M with Short Float at 0.79%. Institutions hold 90.31% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 83.9 million shares valued at $40.32 billion. The investor’s holdings represent 9.06% of the UNH Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 74.16 million shares valued at $35.64 billion to account for 8.01% of the shares outstanding. The other top investors are State Street Corporation which holds 46.31 million shares representing 5.00% and valued at over $22.26 billion, while FMR, LLC holds 4.85% of the shares totaling 44.94 million with a market value of $21.6 billion.

Unitedhealth Group Inc (UNH) Insider Activity

The most recent transaction is an insider sale by McSweeney Erin,the company’sEVP & Chief People Officer. SEC filings show that McSweeney Erin sold 1,236 shares of the company’s common stock on Mar 08 ’24 at a price of $483.48 per share for a total of $0.6 million. Following the sale, the insider now owns 9364.0 shares.

Unitedhealth Group Inc disclosed in a document filed with the SEC on Feb 23 ’24 that ROOS THOMAS E (Chief Accounting Officer) sold a total of 858 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $525.79 per share for $0.45 million. Following the transaction, the insider now directly holds 32289.0 shares of the UNH stock.

Still, SEC filings show that on Feb 16 ’24, THOMPSON BRIAN R (CEO, UnitedHealthcare) disposed off 28,943 shares at an average price of $521.00 for $15.08 million. The insider now directly holds 25,543 shares of Unitedhealth Group Inc (UNH).

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