The stock of Unitedhealth Group Inc (NYSE:UNH) last traded at $489.90, down -1.67% from the previous session.
UNH stock price is now -1.70% away from the 50-day moving average and -3.91% away from the 200-day moving average. The market capitalization of the company currently stands at $450.89B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $580, HSBC Securities recently Upgraded its rating from Hold to Buy for Unitedhealth Group Inc (NYSE: UNH). On May 30, 2024, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $597, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, McSweeney Erin, EVP & Chief People Officer sold 1,236 shares of the company’s stock on Mar 08 ’24. The stock was sold for $597,582 at an average price of $483.48. Upon completion of the transaction, the EVP & Chief People Officer now directly owns 9,364 shares in the company, valued at $4.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 23 ’24, Chief Accounting Officer ROOS THOMAS E sold 858 shares of the business’s stock. A total of $451,128 was realized by selling the stock at an average price of $525.79. This leaves the insider owning 32,289 shares of the company worth $15.82 million. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Unitedhealth Group Inc has had a low of $436.38 and a high of $554.70. According to the stock market information, the enterprise value for the company is $502044459008, which is based on a 29.93 price-to-earnings ratio, a 2.35 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for UNH is $498.3344 and a two-hundred day moving average price translates $509.86234 for the stock.
The latest earnings results from Unitedhealth Group Inc (NYSE: UNH) was released for 2024-03-31. The net profit margin was 4.05% and return on equity was 18.29% for UNH. The company reported revenue of $99.8 billion for the quarter, compared to $91.93 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.56 percent.
