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 December 4, 2024, UNH stock price climbed to $610.79 with 3,097,500 million shares trading.

UNH has a beta of -0.21, meaning it tends to be less sensitive to market movements. UNH has a correlation of 0.01 to the broad based SPY ETF.

UNH has a market cap of $562.10 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 $436.38.

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 +12.7%, while the SPY ETF gained +33.9%. In the last 3 month period, UNH fell short of the market, returning +2.4%, while SPY returned +10.4%. However, in the most recent 2 weeks UNH has outperformed the stock market by returning +5.9%, while SPY returned +2.9%.

UNH support price is $595.39 and resistance is $615.07 (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.