Why UnitedHealth Group Stock Jumped Today
Shares of UnitedHealth Group (NYSE: UNH) climbed as much as 3.6% early Friday, then settled to trade up around 2.3% as of 2:30 p.m. ET after the the healthcare benefits company announced strong quarterly results.
UnitedHealth's third-quarter revenue climbed 14.2% year over year to $92.36 billion -- including double-digit percent growth from both its Optum and UnitedHealthcare segments -- translating to a 13.3% increase in adjusted (non-GAAP) earnings to $6.56 per share. Analysts, on average, were modeling lower adjusted earnings of $6.33 per share on revenue closer to $91.4 billion.
UnitedHealth also drove healthy cash flows from operations of $6.9 billion during the quarter, and has returned over $11.5 billion to shareholders through the first three quarters of 2023 through dividends and share repurchases.
Source Fool.com
UnitedHealth Group Inc. Stock
With 33 Buy predictions and 1 Sell predictions UnitedHealth Group Inc. is one of the favorites of our community.
With a target price of 543 € there is a slightly positive potential of 12.52% for UnitedHealth Group Inc. compared to the current price of 482.6 €.
