Unitedhealth Group Inc (NYSE:UNH) has a beta value of 0.59 and has seen 5.29 million shares traded in the recent trading session. The company, currently valued at $515.16B, closed the recent trade at $557.88 per share which meant it lost -$47.52 on the day or -7.85% during that session. The UNH stock price is -9.1% off its 52-week high price of $608.63 and 21.78% above the 52-week low of $436.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.49 million shares traded. The 3-month trading volume is 3.25 million shares.
The consensus among analysts is that Unitedhealth Group Inc (UNH) is Buy stock at the moment, with a recommendation rating of 1.25. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 28 have rated it as a Hold, with 23 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 7.0.
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Unitedhealth Group Inc (NYSE:UNH) trade information
Sporting -7.85% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the UNH stock price touched $557.88 or saw a rise of 8.34%. Year-to-date, Unitedhealth Group Inc shares have moved 5.97%, while the 5-day performance has seen it change -4.08%. Over the past 30 days, the shares of Unitedhealth Group Inc (NYSE:UNH) have changed -5.31%. Short interest in the company has seen 7.86 million shares shorted with days to cover at 2.58.
Wall Street analysts have a consensus price target for the stock at $574.2, which means that the shares’ value could jump 2.84% from the levels at last check today. The projected low price target is $442.0 while the price target rests at a high of $675.0. In that case, then, we find that the latest price level in today’s session is -20.99% off the targeted high while a plunge would see the stock lose 20.77% from the levels at last check today.
Unitedhealth Group Inc (UNH) estimates and forecasts
Figures show that Unitedhealth Group Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 18.98% over the past 6 months, with this year growth rate of 10.19%, compared to -1.20% for the industry. Revenue growth from the last financial year stood is estimated to be 16.60%.
17 analysts offering their estimates for the company have set an average revenue estimate of 99.28B for the current quarter. 17 have an estimated revenue figure of 101.14B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 14.37% over the past 5 years. Earnings growth for 2024 is a modest 10.24% while over the next 5 years, the company’s earnings are expected to increase by 12.44%.
UNH Dividends
Unitedhealth Group Inc is expected to release its next earnings report on 2024-Oct-15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 7.96 at a share yield of 1.43%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.35%.
Unitedhealth Group Inc (NYSE:UNH)’s Major holders
Insiders own 0.23% of the company shares, while shares held by institutions stand at 89.50% with a share float percentage of 89.71%. Investors are also buoyed by the number of investors in a company, with Unitedhealth Group Inc having a total of 4357.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 83.95 million shares worth more than $42.75 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.1158% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 73.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $37.39 billion and represent 7.9735% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Jun 30, 2024, the former fund manager holds about 3.15% shares in the company for having 29.08 shares of worth $16.27 billion while later fund manager owns 23.62 shares of worth $13.21 billion as of Jun 30, 2024, which makes it owner of about 2.56% of company’s outstanding stock.
