Should You Pick UnitedHealth Stock At $480 After A Q1 Beat? [Forbes]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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unitedhealthgroup.com/investors.aspx
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Source: Forbes
UnitedHealth Group UNH (NYSE: UNH) recently reported its Q1 results, with revenues and earnings exceeding our expectations . The company reported revenue of $99.8 billion and adjusted earnings of $6.91 per share, above our estimates of $99.7 billion and $6.75, respectively. In this note, we discuss UnitedHealth Group's stock performance, key takeaways from its recent results, and valuation. Firstly, looking at its stock performance, UNH stock has shown gains of 35% from levels of $350 in early January 2021 to around $480 now, vs. a similar change for the S&P 500 over this roughly three-year period. However, the increase in UNH stock has been far from consistent. Returns for the stock were 43% in 2021, 6% in 2022, and -1% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that UNH underperformed the S&P in 2023. In fact, consistently beating the S&P 500 — in good times and bad — has been difficult over recent years for
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UNH
News
- A third of Americans could have had data stolen in big health care hack [CNN]CNN
- UnitedHealth CEO admits it paid $22 million ransom to BlackCat [Verge, The]Verge, The
- United HealthCare CEO says ‘maybe a third' of U.S. citizens were affected by recent hack [TechCrunch]TechCrunch
- UnitedHealth CEO details cyberattack root, working 24/7 to 'fix this' [Yahoo! Finance]Yahoo! Finance
- UnitedHealth Group faces harsh congressional scrutiny [Yahoo! Finance Canada]Yahoo! Finance Canada
UNH
Earnings
- 4/16/24 - Beat
UNH
Sec Filings
- 4/24/24 - Form 8-K/A
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- UNH's page on the SEC website