Unitedhealth Group Inc

Unitedhealth Group Inc

UNH

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Market Cap$386.95B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Unitedhealth Group IncUnitedhealth Group Inc32.12.1%16%0.90.7

Earnings Call Q2 2026

July 16, 2026 - AI Summary

Overall performance beat / upgraded outlook (good, surprising) - Adjusted EPS: $6.38 vs $4.08 in 2Q 2025 (+~56% YoY). - Operating earnings: $8B (+55% YoY). - Total revenues: $112B (roughly flat YoY). - Full-year 2026 guidance refreshed: Adjusted EPS range $19.50–$20.00 (slightly more EPS expected in 3Q vs 4Q). - Medical care ratio outlook: 88.1% ± 25 bps. - Management emphasized that the improved results reflect “stronger broad-based performance disciplines,” especially in Medicare and Optum Health.
UnitedHealthcare: Medicare strength offsets Commercial weakness (good + negative) - Medicare Advantage - 2Q strong; retention better than expected. - Full-year MA enrollment: now expected to decline ~1.1 million (vs prior expectations it was more negative), supporting margin resilience. - 2026 Medicare margins: expected to finish above 3%. - Medical cost trend: Medicare trend still above historical levels, but below the company’s initial ~10% estimate so far in 2026; they now expect 2026 Medicare medical cost trend below ~10%. - Medicaid - Q2 “in line with expectations.” - Company now expects 2026 Medicaid margins remain pressured, but should land within the previously communicated range of ~-1% to -1.7%. - Progress/early signs of improvement from initiatives (notably behavioral health cost pressures), but persistent elevated trend remains (especially specialty pharmacy, home/community-based services, behavioral healthcare, and some SNF inpatient cost pressure). - Commercial - Still the biggest drag. Medical cost trends running modestly above 11% (i.e., worse than their earlier expectation). - Key drivers: No Surprises Act (IDR) process inefficiencies exploited by some providers + more aggressive billing/coding intensity (office/ED and other higher service mix), plus pharmacy specialty drugs (anti-inflammatories, GLP-1s). - Commercial margin recovery seen as delayed: 2026 is more of a “delay” not “reset” to recovery; full recovery beyond 2027 timeframe.
Optum momentum continues; integrated value-based care re-focus (good) - Optum Health performing in line or ahead of plan in 1H 2026. - Reported examples of clinical/operational impact: - ~10% reduction in hospitalizations in Western & Southern regions (post late-2025 implementation). - >20% improvement in timely care delivery in pilots for home health initiatives + reduced acute utilization and shorter SNF stays. - Rural reach: Optum Health reaches ~90% of U.S. counties with ~2.5M rural patient home visits; expansion expected by end of 2026. - AI rollout progress: ambient listening available to 70% of employed providers, on track to exceed 90% by year-end. - Patient experience/access: ~5% YoY improvement; ~200,000 more patient-facing hours. - Optum Rx: on plan; transparency initiatives resonating; retention high 90s; continuing shift to fee-based + transparency (monthly per-member fee approach introduced; strong client feedback). - Optum Insight: on a multi-year reinvestment/innovation path, leveraging AI-enabled tools (e.g., Value Connect reported early results including 17% pharmacy cost reduction for clients).

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$468.79

Target Price by Analysts

10.7% upsideUnitedhealth Group Target Price DetailsTarget Price
$303.43

Current Fair Value

28.4% downside

Overvalued by 28.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$386.95 Billion
Enterprise Value$428.81 Billion
Dividend Yield$8.95 (2.10%)
Earnings per Share$13.23
Beta0.63
Outstanding Shares905,997,000

Return

Return on Equity15.59%ROE
Return on Assets5.26%
Return on Invested Capital8.10%

Valuation & Multiples

P/E Ratio32.13P/E Ratio
PEG52.67PEG
Price to Sales0.85Price to Sales
Price to Book Ratio3.65Price to Book Ratio
Enterprise Value to Revenue0.95
Enterprise Value to EBIT19.84
Enterprise Value to Net Income26
Total Debt to Enterprise0.17
Debt to Equity0.7Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 16, 2026
EPS Estimate
$4.94
Average shareholder expectation
Revenue Estimate
$110.81 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 4, 2026
EPS Estimate
$4.84
Average shareholder expectation
Revenue Estimate
$110.76 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.4566 51.56%
Total Calls6,351 99.99%
Total Puts2,900 99.99%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %1.81% 80.39%
Total Invested$6.79B 96.64%
Investors Holding776 2406.00%

ESG Score

No data

About Unitedhealth Group Inc

CEO: David Wichmann

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its reports and expertise directly influence corporate tax structures and the overall tax burden, which significantly impacts UnitedHealth Group's financial performance.

Finance

This is one of the most powerful committees, with jurisdiction over taxation, trade, and entitlement spending, including Medicare and Medicaid. Its decisions on tax policy and the structure/funding of major healthcare entitlement programs directly and profoundly impact UnitedHealth Group's profitability and business model.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine the precise funding levels for Medicare and Medicaid programs, which are essential revenue streams for UnitedHealth Group, making it a critical source of 'insider information' regarding government payments.

Health, Education, Labor, and Pensions

This committee has direct jurisdiction over healthcare policy, including health insurance regulation, drug pricing (impacting Optum's PBM services), and broader reforms to the healthcare system. These directly influence UNH's operations, profitability, and strategic direction.

Judiciary

This committee's oversight of antitrust laws and the DOJ is critically important for UnitedHealth Group, a large company that has engaged in significant mergers and acquisitions. Antitrust enforcement and regulations directly impact UNH's growth strategy and market power.

Special Committee on Aging

UnitedHealth Group is a major provider of Medicare Advantage plans for older Americans, and its Optum division is involved in pharmacy benefit management and long-term care services. Hearings on drug pricing, Medicare policy, and long-term care quality directly impact UNH's core business segments.