UnitedHealth Group Inc (UNH) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $1.96 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.89. The company posted revenue of $46485.00 million in the period, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.
Many Wall Street Analysts have commented on UnitedHealth Group Inc. UnitedHealth Group Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.
UnitedHealth Group Inc closed down -0.58 points or -0.41% at $140.75 with 41,66,290 shares getting traded on Monday. Post opening the session at $141.76, the shares hit an intraday low of $139.62 and an intraday high of $141.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 20, 2016, William C Jr Ballard (director) sold 5,000 shares at $138.58 per share price. According to the SEC, on Jun 13, 2016, Gail R Wilensky (director) sold 5,500 shares at $139.80 per share price. On May 17, 2016, Richard T Burke (director) sold 25,000 shares at $129.30 per share price, according to the Form-4 filing with the securities and exchange commission.
UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.