A History of Outperforming Analyst Forecasts and Beating the Odds: Unitedhealth Group Inc (UNH)

With 3.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.55 million shares. During the session, the Healthcare Plans company that operates in wider Healthcare sector, reached to the highest price of $522.16 whereas the lowest price it dropped to was $517.28. The 52-week range on UNH shows that it touched its highest point at $554.70 and its lowest point at $445.68 during that stretch. It currently has a 1-year price target of $601.03. With its current market cap of 481.04 billion, UNH has annualized dividend of $7.94 while the current yield stands at 1.53%. Beta for the stock currently stands at 0.56.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UNH was up-trending over the past week, with a rise of 2.55%, but this was down by -3.40% over a month. Three-month performance dropped to -3.30% while six-month performance rose 3.58%. The stock gained 9.06% in the past year, while it has lost -1.21% so far this year. A look at the trailing 12-month EPS for UNH yields 23.85 with Next year EPS estimates of 31.35. For the next quarter, that number is 6.78. This implies an EPS growth rate of 10.65% for this year and 12.77% for next year. EPS is expected to grow by 12.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.37%.

Float and Shares Shorts:

At present, 934.00 million UNH shares are outstanding with a float of 923.30 million shares on hand for trading. On Jan 11, 2024, short shares totaled 6.26 million, which was 0.68% higher than short shares on Dec 14, 2023. In addition to UNH as the firm’s UnitedHealth Group Incorporated, UNG serves as its United States Natural Gas Fund .

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UNH since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With UNH analysts setting a high price target of $675.00 and a low target of $470.00, the average target price over the next 12 months is $601.03. Based on these targets, UNH could surge 29.79% to reach the target high and fall by -9.63% to reach the target low. Reaching the average price target will result in a growth of 15.56% from current levels.

Summary of Insider Activity:

Insiders traded UNH stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 22,259 shares were sold. The number of buy transactions has increased to 114 while that of sell transactions has risen to 50 over the past year. The total number of shares bought during that period was 270,625 while 340,455 shares were sold.