UnitedHealth Group Inc (UNH) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. UNH said it had a profit of $2.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $2.08. The company posted revenue of $46293.00 million in the period, compared to analysts expectations of $46061.01 million. UNH’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on UnitedHealth Group Inc. UnitedHealth Group Inc was Upgraded by Argus to ” Buy” on Jul 22, 2016.
UnitedHealth Group Inc closed down -0.27 points or -0.20% at $133.92 with 34,52,918 shares getting traded on Friday. Post opening the session at $134.78, the shares hit an intraday low of $133.89 and an intraday high of $135.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 9, 2016, Richard T Burke (director) sold 40,000 shares at $135.30 per share price. According to the SEC, on Jun 20, 2016, William C Jr Ballard (director) sold 5,000 shares at $138.58 per share price. On Jun 13, 2016, Gail R Wilensky (director) sold 5,500 shares at $139.80 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.