UnitedHealth Group Inc
UNH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$549.00 | Xyvnjrn | Kqybrchw |
UnitedHealth Earnings: Diversification Benefits on Display as Medical Utilization Rises
Narrow-moat UnitedHealth turned in mildly stronger fourth-quarter results than expected, highlighting the benefits of its diversified business model even as medical utilization rose. However, those fourth-quarter results were not enough to change our recently raised $520 fair value estimate, especially since the firm maintained its 2024 guidance. Shares dropped toward fair value in early trading on the medical utilization concerns.