UnitedHealth Group (NYSE:UNH) Price Target Cut to $560.00 by Analysts at Barclays

UnitedHealth Group (NYSE:UNH) had its price objective reduced by Barclays from $642.00 to $560.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an overweight rating on the healthcare conglomerate’s stock.

Several other equities research analysts have also weighed in on UNH. Erste Group Bank raised shares of UnitedHealth Group to a “strong-buy” rating in a report on Wednesday, April 16th. KeyCorp reiterated an “overweight” rating and issued a $650.00 target price on shares of UnitedHealth Group in a research note on Friday, January 17th. Piper Sandler dropped their price target on UnitedHealth Group from $605.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on UnitedHealth Group from $694.00 to $660.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Raymond James reiterated a “strong-buy” rating and set a $540.00 price target (down previously from $635.00) on shares of UnitedHealth Group in a research report on Monday. One equities research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $615.24.

UnitedHealth Group Price Performance

Shares of NYSE:UNH opened at $425.39 on Monday. UnitedHealth Group has a 1-year low of $424.81 and a 1-year high of $630.73. 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 50 day moving average is $510.91 and its 200-day moving average is $538.77. The firm has a market capitalization of $389.11 billion, a PE ratio of 27.44, a PEG ratio of 1.37 and a beta of 0.61.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings data on Thursday, April 17th. The healthcare conglomerate reported $7.20 earnings per share for the quarter, missing analysts’ consensus estimates of $7.29 by ($0.09). The company had revenue of $109.58 billion for the quarter, compared to analyst estimates of $111.56 billion. UnitedHealth Group had a net margin of 3.60% and a return on equity of 26.69%. During the same period in the previous year, the firm posted $6.91 earnings per share. Sell-side analysts predict that UnitedHealth Group will post 29.54 earnings per share for the current year.

UnitedHealth Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 dividend yield of 1.97%. UnitedHealth Group’s dividend payout ratio is 35.18%.

Institutional Trading of UnitedHealth Group

Several hedge funds have recently added to or reduced their stakes in UNH. NewSquare Capital LLC bought a new stake in UnitedHealth Group during the 4th quarter worth approximately $25,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of UnitedHealth Group during the fourth quarter worth $26,000. Hurley Capital LLC bought a new position in UnitedHealth Group during the 4th quarter worth about $28,000. AlphaMark Advisors LLC bought a new stake in shares of UnitedHealth Group in the fourth quarter valued at about $30,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of UnitedHealth Group during the fourth quarter worth about $30,000. 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.