UnitedHealth plans for costly Obamacare tax in 2018

Oceane Deschanel
Abril 19, 2017

Its shares have trimmed -2.88% since hitting a peak level of $172.14 on March 16, 2017.

UnitedHealth Group Incorporated (UNH) has a market capitalization of 161.3 Billion. It has a 36-month beta of 0.62, so you might not be in for a bumpy ride. HOOPER MICHELE J had sold 15,000 shares worth $2.56 million.

UnitedHealth Group Incorporated (UNH) is now showing its ROA (Return on Assets) of 5.8%.

UnitedHealth Group Incorporated is a health and well-being company. On Wednesday, October 7 the stock rating was upgraded by Hovde Group to "Market Perform". These factors affect the comparability of first quarter results with prior periods throughout the financial statements. The volume of 4.39 Million shares climbed up over an trading activity of 3.69 Million shares. Capital World Investors raised its stake in shares of UnitedHealth Group by 1.0% in the third quarter. Management projects cash flows from operations of approximately $12 billion. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/q1-2017-earnings-forecast-for-unitedhealth-group-inc-unh-issued-by-leerink-swann/618411.html. UnitedHealth Group Inc has a 52 week low of $126.22 and a 52 week high of $172.14. The company has market cap of $2.17 billion. The company maintains price to book ratio of 4.10 vs.an industry average at 3.06.

UnitedHealth Group Inc reported stronger-than-expected quarterly results on Tuesday and said it was coping with uncertainty in US healthcare laws by pricing its 2018 insurance plans to include a costly Obamacare tax. Earnings, adjusted for amortization costs, were $2.37 per share.

Of some concern for long-term investors, though, was the ongoing slowdown for the Optum health services unit. UnitedHealth Group had a return on equity of 21.20% and a net margin of 3.92%. During the same quarter in the previous year, the firm earned $1.81 EPS.

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This was also the first quarter that UnitedHealth rolled back its ACA exchange-based plans, which the company said slowed revenue growth and the number of lives covered.

In full year 2017, UnitedHealth expects to generate revenue of $197 billion to $199 billion and adjusted earnings of $9.30 - $9.60 in full year 2017. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. Shareholders of record on Friday, March 10th were given a $0.625 dividend.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and worldwide copyright law. BURKE RICHARD T also sold $2.40M worth of UnitedHealth Group Inc (NYSE:UNH) shares. Deutsche Bank AG assumed coverage on UnitedHealth Group in a research report on Wednesday, April 5th. Moreover, Palladium Prtn Ltd Liability Corp has 0.52% invested in UnitedHealth Group Inc (NYSE:UNH) for 38,405 shares.

UnitedHealth shares have traded down 1.5% over the past month, suggesting investors were being cautious ahead of Tuesday's numbers. Quantitative Inv Mngmt Ltd Liability Co has invested 0.08% in UnitedHealth Group Inc (NYSE:UNH). The current consensus recommendation provided by covering analysts is 1.60. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $184.95 on company shares.

In related news, Director William C. Ballard, Jr. sold 5,000 shares of the business's stock in a transaction dated Tuesday, February 14th. Its share price has decline -9.48% in three months and is up 0.29% for the last five trades. Following the completion of the sale, the director now directly owns 75,391 shares in the company, valued at $12,264,607.88.

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