Currently, there are 924.00M common shares owned by the public and among those 918.59M shares have been available to trade.
The company’s stock has a 5-day price change of 5.53% and 2.94% over the past three months. UNH shares are trading -3.27% year to date (YTD), with the 12-month market performance up to 7.34% higher. It has a 12-month low price of $436.38 and touched a high of $554.70 over the same period. UNH has an average intraday trading volume of 4.19 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.54%, 2.31%, and -0.06% respectively.
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Institutional ownership of Unitedhealth Group Inc (NYSE: UNH) shares accounts for 89.65% of the company’s 924.00M shares outstanding.
It has a market capitalization of $468.71B and a beta (3y monthly) value of 0.60. The stock’s trailing 12-month PE ratio is 31.11, while the earnings-per-share (ttm) stands at $16.37. The company has a PEG of 2.44 and the debt-to-equity ratio at 0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.03% over the week and 2.04% over the month.
Earnings per share for the fiscal year are expected to increase by 10.28%, and 11.62% over the next financial year. EPS should shrink at an annualized rate of 12.72% over the next five years, compared to 14.37% over the past 5-year period.
Looking at the support for the UNH, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on June 05, 2024, with the firm’s price target at $580. Robert W. Baird coverage for the Unitedhealth Group Inc (UNH) stock in a research note released on May 30, 2024 offered a Outperform rating with a price target of $597. HSBC Securities was of a view on April 04, 2024 that the stock is Hold, while Barclays gave the stock Overweight rating on March 06, 2024, issuing a price target of $551. HSBC Securities on their part issued Reduce rating on December 18, 2023.
