UNH Stock Summary and Trading Ideas (Unitedhealth Group Common (De) | NYSE:UNH)

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

Unitedhealth Group Common (De) trades on the NYSE stock market under the symbol UNH.

As of April 22, 2024, UNH stock price declined to $491.23 with 4,337,386 million shares trading.

UNH has a beta of -0.39, meaning it tends to be less sensitive to market movements. UNH has a correlation of 0.03 to the broad based SPY ETF.

UNH has a market cap of $454.35 billion. This is considered a Mega Cap stock.

Last quarter Unitedhealth Group Common (De) reported $100 billion in Revenue and $6.91 earnings per share. This beat revenue expectation by $326 million and exceeded earnings estimates by $.18.

In the last 3 years, UNH stock traded as high as $558.10 and as low as $383.12.

The top ETF exchange traded funds that UNH belongs to (by Net Assets): RAYD, VTI, VOO, SPY, IVV.

UNH has underperformed the market in the last year with a return of +3.1%, while the SPY ETF gained +22.9%. In the last 3 month period, UNH fell short of the market, returning -3.9%, while SPY returned +3.7%. However, in the most recent 2 weeks UNH has outperformed the stock market by returning +7.7%, while SPY returned -3.7%.

UNH support price is $494.37 and resistance is $507.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UNH stock will trade within this expected range on the day.