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 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 November 13, 2024, UNH stock price declined to $605.87 with 2,785,982 million shares trading.

UNH has a beta of -0.30, meaning it tends to be less sensitive to market movements. UNH has a correlation of 0.02 to the broad based SPY ETF.

UNH has a market cap of $557.57 billion. This is considered a Mega Cap stock.

Last quarter Unitedhealth Group Common (De) reported $101 billion in Revenue and $7.15 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.15.

In the last 3 years, UNH traded as high as $630.73 and as low as $436.00.

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 return of +13.4%, while the SPY ETF gained +37.1%. In the last 3 month period, UNH fell short of the market, returning +7.6%, while SPY returned +12.3%. However, in the most recent 2 weeks UNH has outperformed the stock market by returning +7.8%, while SPY returned +2.7%.

UNH support price is $605.91 and resistance is $623.43 (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 shares will trade within this expected range on the day.