FY2024 Earnings Estimate for UNH Issued By Leerink Partnrs

UnitedHealth Group Incorporated (NYSE:UNH) – Stock analysts at Leerink Partnrs reduced their FY2024 earnings per share estimates for UnitedHealth Group in a research report issued on Tuesday, October 15th. Leerink Partnrs analyst W. Mayo now anticipates that the healthcare conglomerate will post earnings per share of $27.57 for the year, down from their previous estimate of $27.67. The consensus estimate for UnitedHealth Group’s current full-year earnings is $27.68 per share. Leerink Partnrs also issued estimates for UnitedHealth Group’s Q4 2024 earnings at $6.65 EPS, Q1 2025 earnings at $7.35 EPS, Q4 2025 earnings at $7.48 EPS, FY2025 earnings at $29.80 EPS, FY2026 earnings at $33.86 EPS, FY2027 earnings at $38.61 EPS and FY2028 earnings at $44.08 EPS.

UnitedHealth Group (NYSE:UNH) last released its quarterly earnings results on Tuesday, October 15th. The healthcare conglomerate reported $7.15 EPS for the quarter, topping the consensus estimate of $7.00 by $0.15. The company had revenue of $100.82 billion during the quarter, compared to analyst estimates of $99.14 billion. UnitedHealth Group had a return on equity of 26.55% and a net margin of 3.66%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $6.56 earnings per share.

Other research analysts have also issued research reports about the company. KeyCorp assumed coverage on UnitedHealth Group in a research report on Friday, October 11th. They set an “overweight” rating and a $675.00 target price for the company. Truist Financial reaffirmed a “buy” rating and set a $625.00 price target (down previously from $640.00) on shares of UnitedHealth Group in a research note on Wednesday. UBS Group decreased their price target on shares of UnitedHealth Group from $680.00 to $650.00 and set a “buy” rating for the company in a research note on Wednesday. Argus lifted their price target on shares of UnitedHealth Group from $570.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group raised shares of UnitedHealth Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $481.00 to $647.00 in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $615.58.

UnitedHealth Group Stock Up 0.6 %

Shares of NYSE:UNH opened at $569.61 on Friday. UnitedHealth Group has a 1 year low of $436.38 and a 1 year high of $608.63. The business has a 50 day simple moving average of $584.42 and a two-hundred day simple moving average of $533.63. The firm has a market capitalization of $525.99 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 1.69 and a beta of 0.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.88 and a quick ratio of 0.88.

Institutional Investors Weigh In On UnitedHealth Group

A number of large investors have recently made changes to their positions in UNH. Czech National Bank grew its holdings in shares of UnitedHealth Group by 0.4% during the first quarter. Czech National Bank now owns 162,741 shares of the healthcare conglomerate’s stock valued at $80,508,000 after buying an additional 719 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in UnitedHealth Group by 6.6% in the first quarter. Bruce G. Allen Investments LLC now owns 938 shares of the healthcare conglomerate’s stock valued at $464,000 after purchasing an additional 58 shares during the last quarter. Legacy Private Trust Co. boosted its holdings in UnitedHealth Group by 6.3% in the first quarter. Legacy Private Trust Co. now owns 10,174 shares of the healthcare conglomerate’s stock valued at $5,033,000 after purchasing an additional 604 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its holdings in UnitedHealth Group by 0.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 9,892 shares of the healthcare conglomerate’s stock valued at $4,894,000 after purchasing an additional 67 shares during the last quarter. Finally, Grassi Investment Management boosted its holdings in UnitedHealth Group by 39.5% in the first quarter. Grassi Investment Management now owns 1,235 shares of the healthcare conglomerate’s stock valued at $611,000 after purchasing an additional 350 shares during the last quarter. 87.86% of the stock is owned by hedge funds and other institutional investors.

UnitedHealth Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Monday, September 16th were issued a dividend of $2.10 per share. This represents a $8.40 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Monday, September 16th. UnitedHealth Group’s dividend payout ratio (DPR) is presently 55.70%.

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.