UnitedHealth Earnings: When a Beat Isn't Enough

Leslie Hanson
July 20, 2018

EX-99.1 2 a2018q2exhibit991.htm EXHIBIT 99.1 Exhibit N E W S R E L E A S EInvestors:Brett ManderfeldJohn S. Penshorn Media:Tyler Mason Vice PresidentSenior Vice President Vice President 952-936-7216952-936-7214 424-333-6122 (For Immediate Release) UNITEDHEALTH GROUP REPORTS SECOND QUARTER RESULTS•Second Quarter Revenues of $56.1 Billion Grew 12% Year-Over-Year•Earnings from Operations Increased 13% to $4.2 Billion in Second Quarter•Cash Flows from Operations were $4 Billion in the Quarter, ... Dodge & Cox boosted its position in shares of UnitedHealth Group by 9.6% in the first quarter. This repurchase authorization authorizes the healthcare conglomerate to purchase shares of its stock through open market purchases.

The insurer added 330,000 people in the second quarter to its UnitedHealthcare Community and State business, which manages state- and federally funded Medicaid coverage for the poor and people who have disabilities. Argent Trust Co's holdings in UnitedHealth Group were worth $3,066,000 as of its most recent SEC filing. Silvercrest Asset Management Grp Limited Liability Company has invested 0.02% in UnitedHealth Group Incorporated (NYSE:UNH). GWM Advisors LLC lifted its stake in UnitedHealth Group by 20.3% in the 4th quarter.

More news for UnitedHealth Group Incorporated (NYSE:UNH) were recently published by: 247Wallst.com, which released: "Microsoft, Goldman Sachs, IBM and More Dow Stocks to Watch This Week" on July 15, 2018. Following the completion of the sale, the insider now owns 153,679 shares in the company, valued at $39,118,989.45.

Overall, net income jumped 28 percent to $2.92 billion in the quarter, and total revenue grew 12 percent to $56.09 billion. The Wells Fargo & Company has shown a weekly performance of -0.95% and monthly performance stands at 0.36%.

UnitedHealth Group Incorporated is maintained at an average buy rating by 22 stock analysts, and there are at least 0.68% of shares outstanding that are now legally short sold. Earnings, adjusted for one-time gains and costs, came to $3.14 per share, far exceeding the per-share projections of $3.03 from analysts on Wall Street, according to a survey by Zacks Investment Research. UnitedHealth Group had a net margin of 5.41% and a return on equity of 22.06%.


UnitedHealth's net earnings attributable to shareholders rose almost 28 percent to $2.92 billion in the quarter ended June 30. On average, analysts anticipate that UnitedHealth Group Inc. will post $8.01 EPS for the current fiscal year.

Nonetheless, CFRA's Jeffrey Loo reiterated a Buy rating on the shares and raised his price target by $18, to $288. The stock price moved with change of -0.78% to its 50 Day low point and changed 12.60% comparing to its 50 Day high point. Cetera Advsr Lc holds 0.09% in UnitedHealth Group Incorporated (NYSE:UNH) or 7,169 shares. Analysts offer the company with a rating of 3 would be a sign of a Hold rating. Twenty-seven analysts have rated the stock with a buy rating, UnitedHealth Group has an average rating of "Buy" and a consensus target price of $264.04. $275.50's average target is 6.49% above currents $258.7 stock price. After $3.04 actual EPS reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts -0.33% negative EPS growth. The stock was sold at an average price of $144.99, for a total transaction of $47,121.75. The sale was made public in a document filed with the SEC.

In other news, insider Larry C. Renfro sold 19,652 shares of the business's stock in a transaction on Friday, June 15th. The shares were sold at an average price of $254.55, for a total value of $5,002,416.60. Aviance Limited Liability Company has 2,598 shares. The firm bought 572,037 shares of the healthcare conglomerate's stock, valued at approximately $140,344,000.

Still, the world's biggest maker of health care products trimmed its forecast for 2018. UnitedHealth said OptumRX has seen a "favorable mix in specialty pharmacy and home delivery services".

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