Shares of health insurance benefits managers dropped last Wednesday after the largest member of their industry, UnitedHealth Group (NYSE: UNH), issued a minor warning. Speaking at an investor conference, one of the company's executives said the company was seeing an uptick in seniors who are undergoing elective surgeries that they had delayed during the pandemic.

According to management, knee and hip replacements making a surprisingly strong comeback this year. As a result, second-quarter earnings could be affected.

Short-term-minded investment bank analysts responded to the admission by cutting their price targets on UnitedHealth Group and related insurance stocks like CVS Health (NYSE: CVS), which owns Aetna.

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Source Fool.com