UnitedHealth Group Incorporated [NYSE: UNH] price surged by 1.42 percent to reach at $6.59. The company report on March 14, 2023 that Tactile Medical Appoints Elaine Birkemeyer as Chief Financial Officer.
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“Elaine is a dynamic and purpose-driven leader with over 25 years of experience in finance, accounting, and business strategy, including extensive senior leadership experience at multiple Fortune 500 companies, leading large divisions within the healthcare, consumer and retail industries,” said Dan Reuvers, President and Chief Executive Officer of Tactile Medical. “I am pleased to welcome her to our executive leadership team and look forward to leveraging her financial and strategic expertise as we continue to progress towards achieving our goals for long-term, profitable growth.”.
A sum of 2931289 shares traded at recent session while its average daily volume was at 3.46M shares. UnitedHealth Group Incorporated shares reached a high of $473.39 and dropped to a low of $463.10 until finishing in the latest session at $472.02.
The one-year UNH stock forecast points to a potential upside of 21.03. The average equity rating for UNH stock is currently 1.80, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on UnitedHealth Group Incorporated [UNH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UNH shares is $597.74 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UNH stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for UnitedHealth Group Incorporated shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 23, 2022. The new note on the price target was released on November 21, 2022, representing the official price target for UnitedHealth Group Incorporated stock. Previously, the target price had yet another raise to $575, while Loop Capital analysts kept a Buy rating on UNH stock.
The Average True Range (ATR) for UnitedHealth Group Incorporated is set at 9.57, with the Price to Sales ratio for UNH stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 5.67, with the Price to Cash per share for the same quarter was set at 24.80. Price to Free Cash Flow for UNH in the course of the last twelve months was 25.54.
UNH Stock Performance Analysis:
UnitedHealth Group Incorporated [UNH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.53. With this latest performance, UNH shares dropped by -4.22% in over the last four-week period, additionally sinking by -7.41% over the last 6 months – not to mention a drop of -5.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UNH stock in for the last two-week period is set at 44.45, with the RSI for the last a single of trading hit 47.60, and the three-weeks RSI is set at 43.50 for UnitedHealth Group Incorporated [UNH]. The present Moving Average for the last 50 days of trading for this stock 483.78, while it was recorded at 465.21 for the last single week of trading, and 512.34 for the last 200 days.
Insight into UnitedHealth Group Incorporated Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and UnitedHealth Group Incorporated [UNH] shares currently have an operating margin of +8.77. UnitedHealth Group Incorporated’s Net Margin is presently recorded at +6.21.
Return on Equity for this stock inclined to 26.91, with Return on Assets sitting at 8.63.
UNH Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UNH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for UnitedHealth Group Incorporated go to 13.89%.
UnitedHealth Group Incorporated [UNH] Insider Position Details
There are presently around $390,388 million, or 89.70% of UNH stock, in the hands of institutional investors. The top three institutional holders of UNH stocks are: VANGUARD GROUP INC with ownership of 84,052,380, which is approximately 1.305% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 74,418,906 shares of the stock with an approximate value of $35.13 billion in UNH stocks shares; and FMR LLC, currently with $22.85 billion in UNH stock with ownership of nearly -3.902% of the company’s market capitalization.
Positions in UnitedHealth Group Incorporated stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 1,583 institutional holders increased their position in UnitedHealth Group Incorporated [NYSE:UNH] by around 32,093,463 shares. Additionally, 1,363 investors decreased positions by around 27,191,723 shares, while 329 investors held positions by with 767,773,789 shares. The mentioned changes placed institutional holdings at 827,058,975 shares, according to the latest SEC report filing. UNH stock had 289 new institutional investments in for a total of 4,401,003 shares, while 101 institutional investors sold positions of 967,887 shares during the same period.