UnitedHealth Group Incorporated
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a UNH research report →
Range $373 – $529
Price Chart
About the company
UnitedHealth Group Incorporated (UNH) operates as a comprehensive healthcare enterprise across the United States, structuring its diverse services into four key divisions: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment provides a wide array of health benefit plans and consumer-focused services. These offerings cater to a broad spectrum of clients, including large national corporations, public sector employers, mid-sized and small businesses, and individual consumers.
- CEO
- Stephen J. Hemsley
- IPO
- 1984
- Employees
- 390,000
- HQ
- Eden Prairie, MN, US
AI snapshot
Six angles, distilled from the data.
The stock remains in a longer-term recovery phase, trading above its 200-day moving average of 357.25 but still below its 50-day average of 390.02. It sits well under the 52-week high of 458.79, so the setup is constructive but not yet back in a full momentum trend.
Wall Street stays constructive, with a Buy consensus and a $473.89 average target versus a $370.55 share price. Recent calls have been mixed at the margin, including a Wells Fargo downgrade to Underweight and UBS also moving to Underweight, even as several firms lifted targets into the $490-$529 range.
The next print carries a favorable setup after two strong beats in the last three reported quarters, including 29.1% and 9.5% EPS surprises. Estimates point higher over the medium term, with next-year EPS at $22.61 versus TTM EPS of $15.55, so shareholders should watch margin discipline and management’s outlook.
No discretionary insider buying or selling stands out. The recent activity is dominated by director and officer award grants, which are routine compensation flows rather than conviction trades, so the signal is neutral.
Profitability remains solid, with a 7.13% operating margin, 14.15% ROE, and 4.87% ROA. Growth is modest on revenue at 0.4% year over year, but earnings growth is much stronger at 61.5%, supported by $23.32 billion in free cash flow and a 7.0% FCF yield.
UNH still screens as a premium managed-care franchise with scale across Optum and UnitedHealthcare, and its 19.9x P/E sits above a typical value setup but below the market’s highest-growth healthcare names. The balance sheet carries $78.39 billion of debt against $28.12 billion of cash, so leverage remains a watch item.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $344.46B
- P/E
- 24.18
- Fwd P/E
- 19.01
- PEG
- -0.73
- P/S
- 0.76
- P/B
- 3.46
- EV/EBITDA
- 14.99
- Div Yield
- 2.41%
- Gross Margin
- 22.49%
- Op Margin
- 4.82%
- Net Margin
- 3.14%
- ROE
- 14.63%
- ROIC
- 9.19%
Latest fiscal year · YoY change
- Revenue
- $447.57B+11.8%
- Gross Profit
- $82.92B-7.3%
- Op Income
- $18.96B
- Net Income
- $12.06B-16.3%
- EPS
- $13.23-15.4%
- OCF Growth
- -18.6%
- FCF Growth
- -22.4%
- 52W High
- $461.62
- 52W Low
- $255.97
- 50D MA
- $390.02
- 200D MA
- $357.25
- Beta
- 0.61
- RSI (14)
- 41
- Avg Volume
- 4.95M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
UnitedHealth Group posted a much stronger second quarter and raised full-year outlook, but management said commercial cost pressure remains elevated and will take longer to fix.· July 16, 2026
- Adjusted EPS was $6.38 vs. $4.08 a year ago; revenue was $112 billion, operating earnings were $8 billion, and the reported medical care ratio improved to 86.7% from 89.4%.
- Full-year 2026 EPS guidance was raised to $19.50-$20, with full-year operating earnings outlook lifted to at least $12 billion for UnitedHealthcare and at least $2.2 billion for Optum Health.
- Medicare Advantage outperformed expectations: management now expects enrollment to decline by about 1.1 million and Medicare margins to finish 2026 above 3%.
- Commercial benefits remained the biggest pressure point, with medical cost trends modestly above 11% and recovery now expected to take longer than previously thought.
- Optum showed improving momentum, especially Optum Health, where care-management changes, AI tools, and operating discipline are helping margins and patient experience.
UnitedHealth Group reported adjusted earnings per share of $6.38, compared with $4.08 in the prior year. Total revenues were $112 billion, largely consistent with the prior year, and operating earnings were $8 billion, up 55% year over year. The reported medical care ratio was 86.7% versus 89.4% in 2Q 2025, including $860 million of net favorable prior period medical development. Days claims payable were 47 days, up about 2.5 days year over year, and the operating cost ratio was 12.7% versus 12.3% a year ago. For 2026, management raised adjusted EPS guidance to $19.50-$20, expects a full-year medical care ratio of 88.1% ± 25 basis points, and now sees full-year share repurchases of at least $5 billion versus initial guidance of $2.5 billion.
Stephen Hemsley framed the quarter as evidence of more consistent execution and said the company is working to modernize the health system through affordability, transparency, simplicity, and AI. He emphasized that UnitedHealth is focusing not just on earnings growth but on improving how consumers and care providers experience healthcare, including by reducing prior authorization burden and making service more reliable and faster. His tone was confident and purposeful, but he repeatedly stressed that this is still early and that the company has “much more work ahead.”
Wayne DeVeydt said the quarter reflected improved performance across the business and highlighted the hard numbers behind the beat: $6.38 adjusted EPS, $112 billion in revenue, $8 billion in operating earnings, and 86.7% medical care ratio. He pointed to $11 billion of operating cash flow in the quarter, or 1.9x net income, and said the company had used $4 billion for repurchases through mid-July, with at least $5 billion now expected for 2026. He also noted the dividend was raised to $9.28 per share annualized and debt-to-capital improved to 41.2%, with a path toward roughly 40% by year-end.
Analysts focused on the gap between stronger Medicare/Optum performance and still-pressured commercial and Medicaid economics. Management said Medicaid remains within the previously communicated margin range of -1% to -1.7%, with rate actions running around 6%-7% annually but still lagging medical trend. On commercial, management said costs are modestly above 11%, driven by the No Surprises Act IDR process, provider coding intensity, and specialty drug costs, and said commercial margin recovery is now likely to extend beyond 2027. Questions also probed whether AI can lift long-term margins; management responded that AI is already improving prior auth, claims automation, call-center productivity, and clinician workflows, with benefits expected to compound into 2027 and 2028.
The bull case from this call is that the second-half reset still produced better-than-expected earnings and cash generation, while Medicare and Optum Health are improving faster than planned. Management sounded increasingly confident that AI, prior-auth simplification, and care-management changes can support both margin recovery and a better operating model over time.
The main bear case is that commercial medical cost inflation is still running above 11% and management now says full margin recovery in that segment will take longer than previously expected. Medicaid remains pressured by reimbursement rates that lag medical trend, and Stars remains a potential quality and regulatory overhang, with management unwilling to speculate on final results while noting industry scores are at a decade low.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.8%
- Shares Outstanding
- 908.14M
- Float Shares
- 906.11M
of shares held by institutions
3,563 13F filers
Buy/sell ratio 6.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for UNH, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Kevin HernHouse · OK01 | Sell | Sep 10, 26 | Filing → |
| John BoozmanSenate · AR | Buy | Apr 16, 25 | Filing → |
| Rich McCormickHouse · GA06 | Sell | Jul 30, 26 | Filing → |
| Alan ArmstrongSenate | Buy | Mar 27, 26 | Filing → |
| Daniel Milton NewhouseHouse · WA04 | Sell | Jul 10, 26 | Filing → |
| John BoozmanSenate · AR | Buy | Jun 4, 26 | Filing → |
| Rich McCormickHouse · GA06 | Sell | Jun 12, 26 | Filing → |
| Maria Elvira SalazarHouse · FL27 | Sell | Jun 4, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Apr 14, 26 | Filing → |
| Maria Elvira SalazarHouse · FL27 | Buy | Apr 22, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Mar 30, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Mar 13, 26 | Filing → |
| Rich McCormickHouse · GA06 | Buy | Mar 19, 26 | Filing → |
| Chuck FleischmannHouse · TN03 | Buy | Feb 20, 26 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 91.60M | ▲ 995.21K |
| Blackrock, Inc. | 76.86M | ▲ 3.40M |
| Vanguard Capital Management LLC | 59.31M | ▲ 440.75K |
| State Street Corp | 45.63M | ▲ 301.08K |
| Capital World Investors | 29.89M | ▲ 2.10M |
| Fmr LLC | 27.99M | ▲ 15.97M |
| Vanguard Portfolio Management LLC | 24.48M | ▲ 446.73K |
| Price T Rowe Associates Inc | 23.15M | ▲ 2.28M |
| Geode Capital Management, LLC | 21.75M | ▼ 1.02M |
| Jpmorgan Chase & Co | 20.25M | ▲ 1.14M |
| Charles Schwab Investment Management Inc | 19.83M | ▼ 987.17K |
| Sixth Street Partners Management Company, L.P. | 19.83M | ▲ 19.83M |
Held by 2,454 ETFs
Biggest fund positions in UNH by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Oct 1, 26 | Noseworthy John H | other | 240 |
| Oct 1, 26 | MONTGOMERY RICE VALERIE MD | other | 257 |
| Oct 1, 26 | MCNABB FREDERICK WILLIAM III | other | 291 |
| Oct 1, 26 | Gottlieb Scott | other | 257 |
| Oct 1, 26 | Gil Kristen | other | 240 |
| Oct 1, 26 | GARCIA PAUL R | other | 103 |
| Oct 1, 26 | GARCIA PAUL R | other | 155 |
| Oct 1, 26 | FLYNN TIMOTHY PATRICK | other | 262 |
| Oct 1, 26 | Baker Charles D. | other | 257 |
| Sep 22, 26 | MCNABB FREDERICK WILLIAM III | other | 57 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our UNH coverage
Recent articles, reports, and earnings notes.

UnitedHealth Group (UNH): Earnings Reset, Hold the Line
UnitedHealth is working through a difficult earnings reset, but improving Medicare economics and strong cash generation support a cautious Hold. The stock looks constructive on valuation, yet elevated medical costs and slower growth keep upside in check.

UnitedHealth Group Incorporated (UNH) drops on TPG sale
UnitedHealth Group Incorporated (UNH) drops after news of a stake sale in Florida WellMed clinics and other Optum Health operations to TPG. The move comes despite strong recent earnings and a raised outlook, suggesting traders are reacting to restructuring headlines and broader risk-off sentiment rather than a fresh fundamentals miss.

Medtech's selloff is a payer-mix warning, not a demand collapse
The setbacks at Intuitive Surgical and HCA expose real pressure in elective procedures, but the evidence points more to coverage and payer mix than a broad healthcare demand collapse. UnitedHealth's guidance increase and Intuitive's maintained procedure outlook show why investors should separate marginal-patient exposure from underlying utilization.
Want a deeper read on UNH?
Generate a full analyst-grade report — bull/bear case, price targets, valuation depth, and a complete financial breakdown.
UnitedHealth Group (UNH) Beats Stock Market Upswing: What Investors Need to Know
zacks.com · Oct 9
UnitedHealth vs. Humana: Which Healthcare Giant Has the Edge?
zacks.com · Oct 9
At 71, She Chose Humana for the Part B Giveback in Her Social Security Check. For 2027, Humana Will Cut or Eliminate It for 62% of Those Members
247wallst.com · Oct 9
Seniors Face an 18% Drop in Highly Rated Medicare Advantage Plans — But Quality Might Not Be the Cause
247wallst.com · Oct 9
UnitedHealth: A Beat Is Priced In, But There's Room For Surprise
seekingalpha.com · Oct 9
Humana Soars 16% on Improved Medicare Advantage Star Ratings; CVS Slides 3%, UnitedHealth Holds Steady
247wallst.com · Oct 9
UnitedHealth Group (UNH) Registers a Bigger Fall Than the Market: Important Facts to Note
zacks.com · Oct 8
Did UnitedHealth Group Incorporated Insiders Breach their Fiduciary Duties to Shareholders?
prnewswire.com · Oct 8
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed October 9, 2026 · Live quote · Not investment advice