19-Sep-2024
How four election outcomes could impact the asset classes, according to Société Générale
Seeking Alpha News (Thu, 19-Sep 4:11 PM ET)
How four election outcomes could impact the markets, according to Société Générale
Seeking Alpha News (Thu, 19-Sep 4:11 PM ET)
Amedisys sale to UnitedHealth unlikely to be done until at least end of November
Seeking Alpha News (Wed, 18-Sep 10:15 AM ET)
Business Wire (Tue, 17-Sep 11:00 AM ET)
Cigna’s Express Scripts reportedly sues FTC over drug pricing report
Seeking Alpha News (Tue, 17-Sep 7:23 AM ET)
Cigna’s Express Scripts sues FTC over drug pricing report
Seeking Alpha News (Tue, 17-Sep 7:23 AM ET)
Business Wire (Fri, 13-Sep 4:47 PM ET)
UnitedHealth Group Announces Earnings Release Date
Business Wire (Fri, 13-Sep 6:50 AM ET)
Bullish On UNH? You Might Want To Consider This Credit Put Spread Expiring in 11 Days
Market Chameleon (Fri, 6-Sep 7:47 AM ET)
UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 50 million members globally, including 1 million outside the us as June 2024. 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 September 19, 2024, UNH stock price declined to $577.07 with 2,544,198 million shares trading.
UNH has a beta of -0.40, meaning it tends to be less sensitive to market movements. UNH has a correlation of 0.04 to the broad based SPY ETF.
UNH has a market cap of $532.88 billion. This is considered a Mega Cap stock.
Last quarter Unitedhealth Group Common (De) reported $99 billion in Revenue and $6.80 earnings per share. This beat revenue expectation by $15 million and exceeded earnings estimates by $.14.
In the last 3 years, UNH stock traded as high as $607.94 and as low as $383.12.
The top ETF exchange traded funds that UNH belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
UNH has underperformed the market in the last year with a price return of +20.4% while the SPY ETF gained +29.9%. However, in the short term, UNH had mixed performance relative to the market. It has outperformed in the last 3 months, returning +20.4% vs +4.4% return in SPY. But in the last 2 weeks, UNH shares have been beat by the market, returning -4.1% compared to an SPY return of +3.6%.
UNH support price is $573.35 and resistance is $587.95 (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.