UnitedHealth (UNH)

• Market cap: $467B
• 1 day: -0.42%
• 5 days: 1.42%
• 1 month: -16.54%
• 3 months: -13.14%
• 6 months: 2.67%
• Year to date: -5.83%
• 1 year: -5.83%
• 5 years: 72.83%
• 10 years: 393.80%
• Sector: Financials
• Industry: Hospital & Medical Service Plans

About: 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.

Employees: 440,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

30% more first-time investments, than exits

New positions opened: 235 | Existing positions closed: 181

17% more funds holding in top 10

Funds holding in top 10: 266 [Q2] → 311 (+45) [Q3]

11% more capital invested

Capital invested by funds: $435B [Q2] → $482B (+$47.5B) [Q3]

2% more funds holding

Funds holding: 3,333 [Q2] → 3,387 (+54) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 1,381 | Existing positions reduced: 1,396

7% less call options, than puts

Call options by funds: $4.67B | Put options by funds: $5.04B

2.92% less ownership

Funds ownership: 92.76% [Q2] → 89.84% (-2.92%) [Q3]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $595 17% upside
• Avg. target: $636 25% upside
• High target: $675 33% upside

12 analyst ratings

• positive: 12 100%
• neutral: 0 0%
• negative: 0 0%

Oppenheimer Michael Wiederhorn 35% 1-year accuracy 14 / 40 met price target	26% upside $640	Outperform Maintained	6 Dec 2024
Stephens & Co. Scott Fidel 49% 1-year accuracy 21 / 43 met price target	33% upside $675	Overweight Maintained	5 Dec 2024
Deutsche Bank George Hill 60% 1-year accuracy 6 / 10 met price target	23% upside $625	Buy Maintained	3 Dec 2024
Barclays Andrew Mok 29% 1-year accuracy 18 / 62 met price target	29% upside $655	Overweight Maintained	27 Nov 2024
TD Cowen Gary Taylor 21% 1-year accuracy 4 / 19 met price target	20% upside $609	Buy Maintained	18 Oct 2024