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 $506.10, up 0.99% from the previous day, and has decreased 2.2% in one year. It has overperformed other stocks in the Healthcare Plans industry by 0.04 percentage points. Unitedhealth Group stock is currently +15.94% from its 52-week low of $436.51, and -9.32% from its 52-week high of $558.10.
There are currently 926.31M shares of UNH outstanding. The market cap of UNH is $468.80B. In the past 24 hours, 4.56M UNH shares were traded.
How to Buy Unitedhealth Group Stock
Wondering how to invest in Unitedhealth Group stock? Here's how.
- 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.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your method of payment and add your details.
- 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).
- 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.
- 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.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 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
- Click here to get started.
- Input your personal data to start your new brokerage account.
- Submit your data by pressing the "Create Account" button.
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.
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
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 22.36x, relative to Healthcare Plans industry P/E ratio of 20.89x
- UNH could be overvalued based on its P/B ratio of 5.69x, relative to Healthcare Plans industry P/B ratio of 3.05x
- UNH could be overvalued based on its PEG ratio of 1.97x
You can access more valuation research on UNH's stock here.
UNH Financial Overview
Signs that UNH is financially healthy:
- UNH profit margin has gone up from 6% to 6.1% in the past year.
- UNH's operating cash flow of $41.38B allows it to safely service it's debt of $65.59B.
- UNH earnings of $29.88B 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.
- There are more short-term liabilities than short-term assets on the UNH balance sheet.
- UNH has a relatively high debt to equity ratio of 2.28.
Is it a good time to buy Unitedhealth Group stock, according to analysts?
Out of 18 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
Sarah James, a bottom 8% analyst from Cantor Fitzgerald reiterates UNH with a strong buy rating and maintains their UNH price target from $591.00 to $591.00, on Sep 14, 2023.
Morten Herholdt, a bottom 27% analyst from HSBC initiates coverage on UNH with a hold rating and announces their UNH price target of $540.00, on Sep 6, 2023.
Scott Fidel, a top 12% analyst from Stephens & Co. reiterates UNH with a strong buy rating and maintains their UNH price target from $560.00 to $560.00, on Aug 11, 2023.
Kevin Caliendo, a top 13% analyst from UBS maintains UNH with a hold rating and raises their UNH price target from $510.00 to $520.00, on Jul 19, 2023.
UBS's Kevin Caliendo raised their price target on Unitedhealth Group Inc (NYSE: UNH) by 1.96% from $510.00 to $520.00 on 2023/07/19. The analyst maintained their Hold rating on the stock.
The analyst's update followed an assessment of the company's 2023/07/14 Q2 2023 earnings report and call.
Caliendo told investors that United Health has sufficient resources to achieve its 2024 EPS growth goal of 13% to 16%.
However, "the algorithm remains a mystery" until more information is available on the sustainability of profit growth, the analyst noted.
Footnotes
For Q2 2023, UnitedHealth reported:
- EPS of $6.14, which beat the Zacks Consensus Estimate of $5.92 and, by 10.2%, Q2 2022’s $5.57.
- Revenue of $92.9B, which beat the Zacks Consensus Estimate of $90.6B and, by 15.7%, Q2 2022’s $80.33B.
- Cash flow from operations of $11B.
Management updated its FY 2023 guidance:
- EPS of $24.70 to $25.00.
CEO Andrew Witty commented, “Our diverse healthcare capabilities and dedicated colleagues are enabling us to meet the needs of more people in more ways, driving substantial growth and expanding our opportunities to serve well into the future.”
Lance Wilkes, a bottom 31% analyst from Bernstein upgrades UNH to a buy rating and raises their UNH price target from $595.00 to $603.00, on Jul 18, 2023.
You can dive deeper into what analysts are forecasting on the Unitedhealth Group stock forecast page.
UNH Technicals
UNH Growth Numbers
Last year, UNH earnings were $21.11B. Over the last 5 year, UNH's earnings have grown by 13% per year. This was faster than the Healthcare Plans industry average of 11.41%.
Last year, UNH revenue was $348.52B. Over the last 5 year, UNH's revenue has increased by 10.28% per year. This was slower than the Healthcare Plans industry average of 14.03%.
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.
Thomas E. Roos, Chief Accounting Officer of UNH, was the latest UNH insider to sell. They sold $401,150.34 worth of UNH stock on Aug 29, 2023.
Learn more about who owns UNH shares here.
Does UNH stock generate passive income?
Unitedhealth Group pays a dividend of 1.39%, compared to the Healthcare Plans industry's average dividend yield of 1.67%. If you owned $1,000 of UNH stock, you would have been paid $13.95 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:
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:
- Figure out where to buy Unitedhealth Group stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Unitedhealth Group stock
- Execute your UNH trade
- Monitor your investment in UNH
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Unitedhealth Group, create a watchlist on WallStreetZen today.
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