Shares of UnitedHealth Are Plummeting - Will This Trend Continue?

This afternoon we watched UnitedHealth drop -1.4% to a price of $475.84 per share. The large-cap Medical Specialities company is now trading -18.58% below its average target price of $584.43. Analysts have set target prices ranging from $514.0 to $650.0 per share for UnitedHealth, and have given the stock an average rating of buy.

UnitedHealth's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.5%. The stock's short ratio is 1.3. The company's insiders own 0.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 90.0%. In conclusion, we believe there is mixed market sentiment regarding UnitedHealth.

Institutions Invested in UnitedHealth

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 9% 84,333,380 $40,129,195,230
2023-03-31 Blackrock Inc. 8% 74,928,539 $35,653,995,723
2023-03-31 FMR, LLC 5% 45,515,091 $21,657,900,734
2023-03-31 State Street Corporation 5% 45,548,879 $21,673,978,416
2023-03-31 Price (T.Rowe) Associates Inc 3% 31,591,890 $15,032,684,821
2023-03-31 Capital World Investors 3% 29,385,548 $13,982,819,052
2023-03-31 Wellington Management Group, LLP 3% 24,079,140 $11,457,817,889
2023-03-31 JP Morgan Chase & Company 2% 19,864,394 $9,452,273,168
2023-03-31 Geode Capital Management, LLC 2% 17,101,395 $8,137,527,734
2023-03-31 Morgan Stanley 2% 14,933,381 $7,105,899,960
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.