UnitedHealth (UNH)

• Market cap: $489B
• 1 day: 1.93%
• 5 days: -0.11%
• 1 month: 4.63%
• 3 months: -6.18%
• 6 months: -4.49%
• Year to date: 5.01%
• 1 year: 2.76%
• 5 years: 76.91%
• 10 years: 373.01%
• 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)

81% more first-time investments, than exits

New positions opened: 237 | Existing positions closed: 131

17% more funds holding in top 10

Funds holding in top 10: 266 [Q2] → 312 (+46) [Q3]

11% more capital invested

Capital invested by funds: $435B [Q2] → $483B (+$47.5B) [Q3]

2% more funds holding

Funds holding: 3,336 [Q2] → 3,395 (+59) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 1,384 | Existing positions reduced: 1,398

7% less call options, than puts

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

2.91% less ownership

Funds ownership: 92.76% [Q2] → 89.85% (-2.91%) [Q3]

Research analyst outlook

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

• Low target: $600 13% upside
• Avg. target: $643 21% upside
• High target: $700 32% upside

8 analyst ratings

• positive: 8 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Andrew Mok 33% 1-year accuracy 21 / 64 met price target	21% upside $642	Overweight Maintained	17 Jan 2025
Keybanc Steve Barger 45% 1-year accuracy 13 / 29 met price target	23% upside $650	Overweight Reiterated	17 Jan 2025
Cantor Fitzgerald Sarah James 23% 1-year accuracy 29 / 127 met price target	32% upside $700	Overweight Reiterated	17 Jan 2025
Truist Securities David Macdonald 60% 1-year accuracy 58 / 97 met price target	15% upside $610	Buy Maintained	6 Jan 2025
Piper Sandler Jessica Tassan 25% 1-year accuracy 5 / 20 met price target	13% upside $600	Overweight Maintained	2 Jan 2025