WallStreetZenWallStreetZen

How to Buy Unitedhealth Group Stock

Unitedhealth Group Inc

Unitedhealth Group is a healthcare plan company located in Minnesota, United States, which is part of the Healthcare sector, and is traded under the ticker UNH on the NYSE exchange.

Unitedhealth Group stock last closed at $511.53, up 1.42% from the previous day, and has increased 13.25% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.03 percentage points. Unitedhealth Group stock is currently +17.22% from its 52-week low of $436.38, and -7.78% from its 52-week high of $554.70.

There are currently 920.39M shares of UNH outstanding. The market cap of UNH is $470.80B. In the past 24 hours, 3.53M UNH shares were traded.

How to Buy Unitedhealth Group Stock

Wondering how to invest in Unitedhealth Group stock? Here's how.
  1. Figure out where to buy Unitedhealth Group stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Unitedhealth Group stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your method of payment and add your details.
  4. Research Unitedhealth Group stock: The Unitedhealth Group ticker symbol is UNH. Is Unitedhealth Group stock a good investment? Should you buy shares of UNH? How do UNH's underlying business fundamentals look? Do top analysts think Unitedhealth Group is a good buy? Why has UNH's stock price moved recently? (Hint: Our stock research website can help you figure out if UNH is a good stock to buy).
  5. Execute your UNH trade: Decide if you will purchase UNH shares at the current market price or use a limit order to purchase UNH shares at a particular price.
  6. Monitor your investment in UNH: Create a watchlist to keep tabs on your new investment in Unitedhealth Group shares.

Step 1: Figure out where to buy Unitedhealth Group stock

You need an online brokerage account to access the NYSE market and buy UNH shares.

A brokerage account allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

We believe that eToro is the best brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
  • Access to world markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the globe's top stock exchanges.
  • Social investing: eToro boasts a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by signing up for an account with eToro today.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for your brokerage account

Now that you've picked the right brokerage, you need to fill out some personal info so you are able to invest in UNH stock today.

How to Open a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal data to start your new brokerage account.
  1. Submit your data by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Deposit money your investment account

Now that you've filled out your info on the best stock buying app, your next step is to transfer the money for your investment:

Watch the video below to see the process of transferring money into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Unitedhealth Group stock

After you have figured out the best place to buy Unitedhealth Group stock, it's absolutely critical to research their stock prior to buying, so you can understand the risk and opportunity.

Unitedhealth Group quick stats

UNH Price
$511.53
1w %
4.82%
1y %
13.25%
5y %
92.38%
P/E
30.83x
P/B
5.43x
P/S
1.24x
PEG
1.12x
Revenue
$379.49B
Earnings
$15.36B
Fore. Rev. Growth
6.37%
Fore. Earn. Growth
27.64%
Market Cap
$470.80B
Next Earnings
Jul 16, 2024
Next Dividend
N/A

Unitedhealth Group Due Diligence Checks

WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in less time.

You can view all of the due diligence checks on UNH's stock page.

What is the fair value of UNH stock?

Investors use many financial metrics, analyses, models, and charts to gauge UNH's true value.

Using relative valuations ratios:

  • UNH may be overvalued based on its P/E ratio of 30.83x, relative to Healthcare Plans industry P/E ratio of 25.2x
  • UNH could be overvalued based on its P/B ratio of 5.43x, relative to Healthcare Plans industry P/B ratio of 3x
  • UNH could be overvalued based on its PEG ratio of 1.12x

You can access more valuation research on UNH's stock here.

UNH Financial Overview

Signs that UNH is financially healthy:

  • UNH earnings of $24.33B is not enough to cover its interest payments.
  • There are more short-term assets than long-term liabilities on the UNH balance sheet.

Signs that UNH is not financially healthy:

  • Total UNH debt is higher than 5 years ago, relative to shareholder equity.
  • UNH has a relatively high debt to equity ratio of 2.16.
  • UNH's operating cash flow of $13.89B allows it to safely service it's debt of $73.64B.
  • There are more short-term liabilities than short-term assets on the UNH balance sheet.
  • UNH profit margin has gone down from 6.2% to 4% in the past year.

Is it a good time to buy Unitedhealth Group stock, according to analysts?

Out of 15 sell side analysts who give forecasts on UNH, the consensus analyst rating on Unitedhealth Group is a Strong Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

Latest UNH Analyst Recommendations

Ben Hendrix, a top 9% analyst from RBC Capital maintains UNH with a buy rating and lowers their UNH price target from $596.00 to $555.00, on Apr 17, 2024.

Andrew Mok, a top 28% analyst from Barclays maintains UNH with a strong buy rating and raises their UNH price target from $534.00 to $560.00, on Apr 17, 2024.

Jessica Tassan, a bottom 18% analyst from Piper Sandler maintains UNH with a strong buy rating and raises their UNH price target from $566.00 to $571.00, on Apr 17, 2024.

Piper Sandler's Jessica Tassan raised their price target on Unitedhealth Group (NYSE: UNH) by 0.9% from $566 to $571 on 2024/04/17. The analyst maintained their Strong Buy rating on the stock.

Tassan's price target hike was in response to Unitedhealth Group's Q1 2024 earnings report, released on 2024/04/16.

Following a rough 2023, the company is taking on 2024 with a mix of attractiveness, controlled growth, balanced benefit design, and thoughtful care delivery and documentation, the analyst told investors.

Piper Sandler "blames the Change Healthcare deal for the headline MLR (Medical Loss Ratio) miss and is focused on underlying medical costs, which were consistent with management's prior guidance and under control," Tassan added.

Footnotes

On 2022/10/03, Unitedhealth announced the completion if its acquisition of Change Healthcare.

Earnings Report

For Q1 2024, Unitedhealth Group reported:

  • EPS of $6.91, which beat the Zacks Consensus Estimate by 4.2% and, by 10.4%, Q1 2023’s $6.26.
  • Revenue of $99.8B, which beat the Zacks Consensus Estimate by 0.55% and, by 8.6%, Q1 2023’s $91.93B.

For FY 2024, management guided:

  • EPS of $27.50 to $28.00.

CEO Andrew Witty commented: “The core story at UnitedHealth Group remains our colleagues delivering improved experiences for the people we serve and driving balanced growth even while swiftly and effectively addressing the attack on Change Healthcare.”

Gary Taylor, a bottom 9% analyst from TD Cowen maintains UNH with a strong buy rating and lowers their UNH price target from $607.00 to $546.00, on Apr 10, 2024.

Stephen Baxter, a top 22% analyst from Wells Fargo maintains UNH with a strong buy rating and lowers their UNH price target from $600.00 to $525.00, on Apr 8, 2024.

You can dive deeper into what analysts are forecasting on the Unitedhealth Group stock forecast page.

UNH Technicals

SMA10
497.83
SMA20
492.75
SMA50
499.35
SMA100
492.16
SMA200
509.91
MACD
1.6
MACD Signal
-0.69
MACD Histogram
2.29
RSI
60.52
Stochastic %K
82.16
Stochastic %D
66.69
StochRSI %K
85.9
StochRSI %D
70.21

UNH Growth Numbers

Last year, UNH earnings were $15.36B. Over the last 5 year, UNH's earnings have grown by 4.79% per year. This was slower than the Healthcare Plans industry average of 5.63%.

Last year, UNH revenue was $379.49B. Over the last 5 year, UNH's revenue has increased by 10.4% per year. This was slower than the Healthcare Plans industry average of 13.82%.

Find out more about UNH's earnings and revenue performance here.

What are UNH executives and large shareholders up to?

In the past 12 months, executives and large shareholders at UNH have bought more shares than they have sold.

Stephen J. Hemsley, Director of UNH, was the latest UNH insider to sell. They sold $23,698,628.56 worth of UNH stock on Jun 14, 2024.

Learn more about who owns UNH shares here.

Does UNH stock generate passive income?

Unitedhealth Group pays a dividend of 1.51%, compared to the Healthcare Plans industry's average dividend yield of 1.9%. If you owned $1,000 of UNH stock, you would have been paid $15.13 in the past year.

Unitedhealth Group dividend payments have consistently grown over the past decade and have remained stable.

Get more info about Unitedhealth Group dividend yield and history here.

UNH Social Trading Data

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to see what other investors have to say.

Step 5: Execute your UNH trade

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular price, use a limit order.

Press the Open button and eToro will execute the order.

If you want additional info about buying stocks on eToro, click the how to video below:

Open eToro Account

Step 6: Monitor your investment in UNH

Now that you own some UNH stock, you'll want to stay up-to-date on your investment.

Create a watchlist to keep track of your UNH stock.

UNH Feed

How to Buy Stock in Unitedhealth Group

To summarize, here are the 6 steps to buy Unitedhealth Group stock:

  1. Figure out where to buy Unitedhealth Group stock
  2. Sign up for your brokerage account
  3. Deposit money your investment account
  4. Research Unitedhealth Group stock
  5. Execute your UNH trade
  6. Monitor your investment in UNH

If you are looking for a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get notifications regarding your new investment in Unitedhealth Group, create a watchlist on WallStreetZen today.

NYSE: UNH
$511.53+7.17 (+1.42%)
Updated Jul 12, 2024
Open eToro Account
NYSE: UNH
$511.53+7.17 (+1.42%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Unitedhealth Group share?

As of Jul 12, 2024, it costs $511.53 to buy one share of Unitedhealth Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.195 shares of UNH.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Unitedhealth Group stock?

According to 15 Wall Street analysts who monitor Unitedhealth Group, their consensus recommendation is to buy Unitedhealth Group stock.

What is the best way to buy Unitedhealth Group stock?

One way to place an order for Unitedhealth Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.