Keybanc Backs UnitedHealth Group with Overweight Rating
Analyst Prediction Hints at Potential Growth
Fintel reports that on October 11, 2024, Keybanc initiated coverage of UnitedHealth Group (XTRA:UNH) with a Overweight recommendation.
The average one-year price target for UnitedHealth Group, as of September 25, 2024, is set at 573.51 €/share. Estimates vary, ranging from a low of 517.25 € to a high of 643.76 €. This average suggests a 4.48% increase from its latest reported closing price of 548.90 € / share.
For further insights, check our list of companies with the highest price target upsides.
The projected annual revenue for UnitedHealth Group stands at 390,531 million euros, marking a rise of 2.91%. Expected annual non-GAAP earnings per share (EPS) is 28.57.
Institutional Investment Trends
There are 5,234 funds or institutions reporting positions in UnitedHealth Group, a rise of 27 owners or 0.52% since the last quarter. The average portfolio weight of all funds in UNH increased to 0.99%, up by 1.88%. In the past three months, total shares held by institutions grew by 5.17% to 939,681K shares.
Ownership Changes Among Major Investors
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 29,080K shares, which is 3.15% of the company. Their latest filing shows a slight increase of 0.02% from owning 29,075K shares last time, representing a 0.12% increase in their UNH allocation over the last quarter.
Capital World Investors holds 28,023K shares, representing 3.03% ownership. Previous data indicated they owned 28,322K shares, reflecting a decrease of 1.07%, although they increased their portfolio allocation in UNH by 0.35% in the latest quarter.
Price T Rowe Associates has 26,021K shares, making up 2.82% ownership. Their prior report indicated ownership of 26,063K shares, with a minor decrease of 0.16%. They increased their allocation in UNH by 0.34% over the last quarter.
Wellington Management Group LLP holds 25,884K shares, representing 2.80% ownership. Their previous filing showed ownership of 24,283K shares, indicating an increase of 6.18%. However, they reduced their portfolio allocation in UNH by 84.42% in the last quarter.
JPMorgan Chase possesses 24,349K shares, equating to 2.64% ownership. Last reported figures indicated they owned 23,841K shares, reflecting an increase of 2.09%. Their portfolio allocation in UNH decreased by 84.01% over the recent quarter.
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This story originally appeared on Fintel.
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