Unitedhealth Group’s 3Q Profit Beats Estimates

Investors wait UnitedHealth Group Inc (NYSE:UNH) to report on October, 15 before the open. its quarterly earningsWall Street analysts expect $1.63 EPS, $0.00 or 0.00% from last year’s $1.63 same quarter earnings. (UNH) on Thursday reported third-quarter net income of $1.6 billion.

Third-quarter revenue came in at $41.5 billion and earnings per share at $1.65, both of which topped analyst estimates.

That loss ratio increased more than a year ago by over 90 basis point to just over 80.6% because of higher spending in healthcare in a few of the company’s Medical Advantage programs for the disabled and seniors. S&P 500 has rallied 7.48% during the last 52-weeks. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Many analysts have commented on the company rating. FBR & Co. reaffirmed a “buy” rating and set a $135.00 price objective on shares of UnitedHealth Group in a research note on Monday, September 21st. UnitedHealth Group has an average rating of “Buy” and a consensus price target of $138.39. Three investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company.

UnitedHealth Group Incorporated is a health and well-being company. That $12.8 billion move closed over the summer and was integrated into UnitedHealth’s health services and consulting division, Optum. “We believe this growth will continue because we are serving people more effectively, simplifying their health care experiences, and offering practical innovations that help deliver more value to the consumer and the health care system as a whole”, said Stephen J. Hemsley, chief executive officer of UnitedHealth Group.

At Optum, a health services business serving the broad health care marketplace, revenues jumped 61 percent as each reporting segment grew revenues by a double-digit percentage. A niche market position is another positive that UnitedHealth should benefit from going forward. UnitedHealth sold individual plans in about two dozen states in 2015 after only a few states in 2014. The Company offers a spectrum of products and services through two platforms: UnitedHealthcare, which provides healthcare coverage and benefits services, and Optum, which provides information and technology-enabled health services. The large uptick came from the acquisition of pharmacy benefits management company Catamaran Corp.