UnitedHealth Group Inc Stock Research

Market Summary

USD472.59+2.53

Market Closed

0.54%

UNH Stock Price

UNH RSI Chart

UNH Valuation

Market Cap

441.4B

Price/Earnings (Trailing)

21.94

Price/Sales (Trailing)

1.36

EV/EBITDA

13.13

Price/Free Cashflow

18.86

UNH Price/Sales (Trailing)

UNH Profitability

EBT Margin

8.13%

Return on Equity

24.7%

Return on Assets

8.19%

Free Cashflow Yield

5.3%

UNH Fundamentals

UNH Revenue

Revenue (TTM)

324.2B

Revenue Y/Y

12.26%

Revenue Q/Q

2.34%

UNH Earnings

Earnings (TTM)

20.1B

Earnings Y/Y

16.95%

Earnings Q/Q

-9.52%

Price Action

52 Week Range

445.33554.41

(Low)(High)

Last 7 days

-0.7%

Last 30 days

-0.2%

Last 90 days

-10.5%

Trailing 12 Months

-6.1%

UNH Financial Health

Current Ratio

0.77

UNH Investor Care

Dividend Yield

1.35%

Dividend/Share (TTM)

6.4

Buy Backs (1Y)

0.74%

Diluted EPS (TTM)

21.18

Peers (Alternatives to UnitedHealth Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	441.4B	324.2B	-0.20%	-6.09%	21.94	1.36	12.71%	16.40%
CI	91.1B	180.5B	-11.13%	8.36%	13.64	1.92	3.70%	24.58%
HUM	61.5B	92.9B	-2.15%	11.75%	21.9	0.66	11.81%	-4.33%
CNC	34.8B	144.5B	-7.74%	-24.92%	28.96	0.24	14.74%	-10.76%
MID-CAP
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
HQY	5.0B	831.2M	-10.22%	-12.94%	-84.58	5.98	12.11%	-862.52%
AMN	3.5B	5.2B	-7.83%	-20.48%	7.82	0.66	31.60%	35.63%
CRVL	3.3B	704.5M	3.42%	12.97%	48.19	4.64	13.56%	10.15%
PDCO	2.6B	6.4B	-0.93%	-15.13%	13.37	0.41	-0.52%	17.01%
SMALL-CAP
ADUS	1.7B	951.1M	-0.43%	14.44%	37.41	1.81	10.02%	1.99%
TVTY	1.6B	-	0.59%	17.88%	18.77	3.24	-	-
RDNT	1.3B	1.4B	7.33%	11.89%	125.85	0.94	8.74%	-56.93%
BKD	552.4M	2.8B	-7.81%	-58.16%	-2.32	0.2	2.43%	-140.13%

Financials for UnitedHealth Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.9%	324,162	315,118	306,561	297,550	287,597
S&GA Expenses	3.8%	47,782	46,045	45,107	43,757	42,579
Costs and Expenses	2.7%	295,727	288,033	281,226	273,369	263,627
EBITDA	5.2%	31,835	30,274	28,492	27,314	-
EBITDA Margin	2.2%	0.10*	0.10*	0.12*	0.09*	-
Earnings Before Taxes	4.4%	26,343	25,238	23,582	22,485	22,310
EBT Margin	1.5%	0.08*	0.08*	0.10*	0.08*	-
Interest Expenses	13.3%	2,092	1,847	1,753	1,696	1,660
Net Income	3.6%	20,120	19,430	18,254	17,450	17,285
Net Income Margin	0.7%	0.06*	0.06*	0.07*	0.06*	-
Free Cahsflow	-25.3%	23,404	31,326	20,452	19,216	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.1%	245,705	243,064	230,172	221,238	212,206
Current Assets	-16.7%	69,069	82,937	68,356	69,029	61,758
Cash Equivalents	-39.9%	23,365	38,845	24,612	25,482	21,375
Net PPE	7.0%	10,128	9,469	9,421	9,183	8,969
Goodwill	11.3%	93,352	83,904	84,159	77,548	75,795
Liabilities	-0.5%	159,358	160,143	149,045	143,591	135,727
Current Liabilities	-11.6%	89,237	100,935	88,698	88,170	78,292
LT Debt, Current	-	3,620	-	-	-	-
LT Debt, Non Current	20.0%	54,513	45,438	45,799	40,796	42,383
Shareholder's Equity	4.3%	81,450	78,064	76,205	76,128	75,045
Retained Earnings	2.9%	86,156	83,722	80,540	78,782	77,134
Additional Paid-In Capital	-	-	-	-	-	-
Accumulated Depreciation	15.7%	6,930	5,992	-	-	-
Shares Outstanding	-0.1%	934	935	935	939	941
Minority Interest	7.6%	3,678	3,418	3,385	3,362	3,285

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-22.8%	26,206	33,957	22,988	21,657	22,343
Share Based Compensation	4.6%	925	884	878	843	800
Cashflow From Investing	-129.8%	-28,476	-12,391	-13,423	-10,338	-10,372
Cashflow From Financing	211.4%	4,226	-3,793	-4,774	-5,938	-7,455
Dividend Payments	13.5%	5,991	5,280	-	-	-
Buy Backs	-0.7%	7,000	7,050	7,100	5,850	5,000

Risks for UNH

What is the probability of a big loss on UNH?

31.9%

Probability that UnitedHealth Group stock will be more than 20% underwater in next one year

18.5%

Probability that UnitedHealth Group stock will be more than 30% underwater in next one year.

Probability that UnitedHealth Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does UNH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if UnitedHealth Group was unfortunately bought at previous high price.

Drawdowns

Returns for UNH

Cumulative Returns on UNH

24.5%

10-Year Cumulative Returns

22.1%

7-Year Cumulative Returns

18.9%

5-Year Cumulative Returns

25.5%

3-Year Cumulative Returns

What are the long-term rolling returns for UNH?

FIve years rolling returns for UnitedHealth Group.

Annualized Returns

Which funds bought or sold UNH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-30	REFRAME WEALTH, LLC	new	-	217,374	217,374	0.08%
2023-03-30	LUTS & GREENLEIGH GROUP, INC	new	-	584,777	584,777	0.74%
2023-03-28	Acrisure Capital Management, LLC	new	-	350,449	350,449	0.39%
2023-03-28	Werba Rubin Papier Wealth Management	new	-	205,485	205,485	0.09%
2023-03-28	Prostatis Group LLC	unchanged	-	13,575	286,297	0.17%
2023-03-24	Longbow Finance SA	new	-	23,176,800	23,176,800	3.12%
2023-03-23	MetLife Investment Management, LLC	reduced	-2.00	4,115,630	147,366,000	1.18%
2023-03-22	Pictet North America Advisors SA	reduced	-4.56	65,648	35,339,100	6.08%
2023-03-22	Campion Asset Management	unchanged	-	47,437	991,437	0.97%
2023-03-17	American Portfolios Advisors	added	18.78	2,222,960	15,459,000	0.66%

Latest Funds Activity

Are funds buying UNH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UNH

No. of Funds

UnitedHealth Group News

Schedule 13G FIlings of UnitedHealth Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.00%	84,052,380	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 03, 2023	blackrock inc.	8.0%	74,418,906	SC 13G/A
Feb 10, 2022	vanguard group inc	8.44%	79,483,862	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 01, 2022	blackrock inc.	7.4%	69,275,884	SC 13G/A
Feb 16, 2021	capital world investors	3.7%	35,185,176	SC 13G/A
Feb 10, 2021	vanguard group inc	8.34%	79,092,547	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Feb 01, 2021	blackrock inc.	7.5%	71,592,885	SC 13G/A

UNH Fair Value

UnitedHealth Group fair value in different scenarios

The table shows the Fair Value estimates for UnitedHealth Group for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	345.86 -26.82%	428.66 -9.30%	581.58 23.06%	751.27 58.97%	886.42 87.57%
Current Inflation	316.31 -33.07%	386.18 -18.28%	513.45 8.65%	654.15 38.42%	765.82 62.05%
Very High Inflation	280.11 -40.73%	335.19 -29.07%	433.69 -8.23%	542.29 14.75%	628.11 32.91%

Historical UnitedHealth Group Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of UnitedHealth Group

View All Filings

Date Filed	Form Type	Document
Mar 28, 2023	8-K	Current Report
Mar 24, 2023	424B5	Prospectus Filed
Mar 24, 2023	FWP	Prospectus Filed
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	424B5	Prospectus Filed
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading
Mar 23, 2023	4	Insider Trading

Latest Insider Trading transactions for UNH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-21	Gil Kristen	acquired	-	-	1.00	-
2023-03-21	MCNABB FREDERICK WILLIAM III	acquired	-	-	19.00	-
2023-03-21	McSweeney Erin	acquired	-	-	24.144	evp chief people officer
2023-03-21	McMahon Dirk C	acquired	-	-	62.496	pres. & coo, uhg & ceo, uhc
2023-03-21	ROOS THOMAS E	acquired	-	-	18.073	chief accounting officer
2023-03-21	GARCIA PAUL R	acquired	-	-	2.00	-
2023-03-21	Noseworthy John H	acquired	-	-	14.00	-
2023-03-21	FLYNN TIMOTHY PATRICK	acquired	-	-	25.00	-
2023-03-21	Bondy Rupert M	acquired	-	-	15.833	evp & chief legal officer
2023-03-21	WITTY ANDREW	acquired	-	-	82.823	ceo, uhg

About UnitedHealth Group

Sir Andrew Philip Witty

www.unitedhealthgroup.com

65535

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services. The OptumHealth segment provides access to networks of care provider specialists, health management services, care delivery, consumer engagement, and financial services. This segment serves individuals directly through care delivery systems, employers, payers, and government entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and compounding pharmacy, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.

UNH Income Statement

2022-12-31

Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Premiums	$ 257,157	$ 226,233	$ 201,478
Investment and other income	2,030	2,324	1,502
Total revenues	324,162	287,597	257,141
Operating costs:
Medical costs	210,842	186,911	159,396
Operating costs	47,782	42,579	41,704
Cost of products sold	33,703	31,034	30,745
Depreciation and amortization	3,400	3,103	2,891
Total operating costs	295,727	263,627	234,736
Earnings from operations	28,435	23,970	22,405
Interest expense	(2,092)	(1,660)	(1,663)
Earnings before income taxes	26,343	22,310	20,742
Provision for income taxes	(5,704)	(4,578)	(4,973)
Net earnings	20,639	17,732	15,769
Earnings attributable to noncontrolling interests	(519)	(447)	(366)
Net earnings attributable to UnitedHealth Group common shareholders	$ 20,120	$ 17,285	$ 15,403
Earnings per share attributable to UnitedHealth Group common shareholders:
Basic	$ 21.47	$ 18.33	$ 16.23
Diluted	$ 21.18	$ 18.08	$ 16.03
Basic weighted-average number of common shares outstanding	937	943	949
Dilutive effect of common share equivalents	13	13	12
Diluted weighted-average number of common shares outstanding	950	956	961
Anti-dilutive shares excluded from the calculation of dilutive effect of common share equivalents	3	1	8
Products
Revenue from Products and Services	$ 37,424	$ 34,437	$ 34,145
Services
Revenue from Products and Services	$ 27,551	$ 24,603	$ 20,016

UNH Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 23,365	$ 21,375
Short-term investments	4,546	2,532
Accounts receivable, net of allowances of $877 and $954	17,681	14,216
Other current receivables, net of allowances of $1,433 and $993	12,769	13,866
Assets under management	4,087	4,449
Prepaid expenses and other current assets	6,621	5,320
Total current assets	69,069	61,758
Long-term investments	43,728	43,114
Property, equipment and capitalized software, net of accumulated depreciation and amortization of $6,930 and $5,992	10,128	8,969
Goodwill	93,352	75,795
Other intangible assets, net of accumulated amortization of $6,137 and $5,636	14,401	10,044
Other assets	15,027	12,526
Total assets	245,705	212,206
Current liabilities:
Medical costs payable	29,056	24,483
Accounts payable and accrued liabilities	27,715	24,643
Short-term borrowings and current maturities of long-term debt	3,110	3,620
Unearned revenues	3,075	2,571
Other current liabilities	26,281	22,975
Total current liabilities	89,237	78,292
Long-term debt, less current maturities	54,513	42,383
Deferred income taxes	2,769	3,265
Other liabilities	12,839	11,787
Total liabilities	159,358	135,727
Commitments and contingencies (Note 12)
Redeemable noncontrolling interests	4,897	1,434
Equity:
Preferred stock, $0.001 par value - 10 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value - 3,000 shares authorized; 934 and 941 issued and outstanding	9	10
Retained earnings	86,156	77,134
Accumulated other comprehensive loss	(8,393)	(5,384)
Nonredeemable noncontrolling interests	3,678	3,285
Total equity	81,450	75,045
Total liabilities, redeemable noncontrolling interests and equity	$ 245,705	$ 212,206
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10	10
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	3,000	3,000
Common stock, shares issued	934	941
Common Stock, Shares, Outstanding	934	941