The UnitedHealth Group is not only one of the largest health insurers in the United States, but also worldwide. In addition to traditional insurance, the company offers a range of services such as health plans for companies, private customers, state-insured individuals and pensioners.

UnitedHealth exceeds analyst expectations In the third quarter, the company achieved an adjusted profit of $6.56 per share, compared to $5.79 in the previous year. The analysts surveyed by Capital IQ had expected $6.35. Revenue was $92.36 billion, compared to $80.89 billion in the previous year. The analysts surveyed by Capital IQ had expected $92.41 billion.

Revenue and profit increase in the first 9 months Revenue now stands at $277.19 billion compared to $241.37 billion a year ago. Net income was $16.92 billion compared to $15.35 billion a year ago. Diluted earnings per share from continuing operations amounted to $18.01 compared to $16.15 in the prior year period.

UnitedHealth increases annual forecast For the year 2023, the company now expects an adjusted profit of $24.85 to $25 per share, compared to the previously expected range of $24.70 to $25. The analysts surveyed by Capital IQ expect $24.86.

Turnaround is here: analysts advise to buy Conclusion: The health insurance stock has stopped the months-long downward trend and is rising again – driven by the good quarterly figures. This also convinces a large part of the analysts of the company. 21 of 24 analysts recommend buying, 2 want to hold and only one analyst wants to sell. Meanwhile, some analysts are issuing a target price of $660 – plus a quarterly dividend of $1.88 per share that you will receive in early December.