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UNH

UnitedHealthUNH

$403.86
Updated Aug 12, 2026
Quality Score
4.3
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Why UnitedHealth stock moved?

Updated Aug 12 at 10:51am ET.

$403.86
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What's happening with the stock

The stock is up slightly today, continuing a week of quiet sideways movement after a 5 percent slide over the last month. We think this is mostly ordinary market movement since there is no new company news and the whole market is up a bit today.

Our view

The business is successfully raising its profit goals and using its massive scale to keep medical costs under control. If you already own it, there is nothing to do here but sit tight and let the steady growth play out.

Read full thesis on UnitedHealth

Latest UnitedHealth updates

Follow UnitedHealth to never miss an important update.

UNH
Company newsFor the record
Aug 12

Board approves quarterly dividend of $2.32 per share

The board of directors has authorized a cash dividend of $2.32 per share. This payment will go to shareholders who own the stock as of September 14 and will be paid out on September 22. This is a routine announcement that keeps the company's payout on its regular schedule. For long-term owners, these steady payments are a core part of the return on the stock and show the company is generating enough cash to reward shareholders while still funding its clinics and insurance operations.

Source: Business Wire

UNH
Company newsPositive
Jul 29

Expanding health hubs in Tennessee

The company is committing 4 million dollars to expand the University of Tennessee Health Sciences' health hub network from five to 13 locations. These hubs provide preventive care and support for long-term illnesses directly in local communities. This move fits the company's broader plan to grow its Optum health services arm. By making it easier for people to get basic care early, the company can help patients stay healthier and avoid expensive hospital stays later, which saves money for its insurance business.

Source: Business Wire

UNH
Analyst price updatePositive
Jul 21

BMO Capital sets a $512 price target

Analysts at BMO Capital set a target of $512 per share following the company's recent quarterly results. This suggests they see significant room for the stock to rise from its current level of about $413.

The higher target reflects confidence that the company is successfully managing medical costs and growing its Optum health services business. When analysts raise their price targets like this, it usually means they believe the company's ability to generate profit is stronger than they previously thought.

Source: BMO Capital

UNH
Analyst price updatePositive
Jul 20

Mizuho Securities sets a $493 price target

Mizuho Securities established a price target of $493 per share. This target is roughly 19 percent higher than where the stock trades today.

Like other major firms, Mizuho is reacting to the company's ability to control spending on patient care while raising its full-year profit goals. This suggests professional researchers see the recent strong performance as a sign of a healthy business rather than a one-time fluke.

Source: Mizuho Securities

UNH
ProductPositive
Jul 16

Turning internal AI tools into a new product line

After overhauling its own operations with AI to handle claims and patient reviews, the company is launching these tools as a commercial product. This means other healthcare firms can now pay to use the same technology UnitedHealth uses to streamline its business.

This is a smart way to create a new source of revenue from work the company had to do anyway. If other insurers and doctors adopt these tools, it could turn UnitedHealth's technical expertise into a high-profit software business that is separate from its traditional insurance and clinic work.

UnitedHealth analyst price targets

Analysts recently issued a flurry of price target increases following the company's strong second-quarter earnings report. Most experts are bullish, with 43 of 52 rating the stock a buy and an average target price suggesting 17% potential upside.

Average target$473.89+17%vs $403.86 today
TodayAvg price
Low $373High $529
Strong Buy52 analysts
2Bearish
7Neutral
43Bullish
FirmRatingPrice TargetDate
BMO Capital
—
$512
7/21/2026
D.A. Davidson
—
$512
7/21/2026
Mizuho Securities
Outperform
$493
7/20/2026
Wells Fargo
Overweight
$485→$526
7/20/2026
Barclays
Overweight
$429→$441
7/20/2026
Truist Financial
Buy
$480→$500
7/17/2026
UBS
Buy
$460→$490
7/17/2026
Morgan Stanley
Overweight
$468→$529
7/17/2026
KeyBanc
Overweight
$475→$500
7/17/2026
Robert W. Baird
Neutral
$453
7/16/2026
Piper Sandler
Overweight
$477
7/16/2026
Piper Sandler
Overweight
$420→$475
7/15/2026

UnitedHealth earnings

Management has a long track record of setting a bar and clearing it, beating profit estimates in six of the last eight quarters.

Earnings history
EstimateBeatMiss
$1.97$4.70$7.42Oct '24Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26nextOct '26

UnitedHealth past earnings results

ExpectedActualSurprise
EPS$4.94$6.38+29.1%
Revenue$110.81B$112.03B+1.1%

Key highlights

  • Profit outlook raised: The company now expects to earn between $19.50 and $20.00 in adjusted profit per share for the full year, up from its previous floor of $17.75. This higher range signals that the business is managing medical costs more effectively than leadership had predicted at the start of the year.
  • Insurance profit margins doubling: The UnitedHealthcare division saw its operating margin, which is the percentage of revenue left after paying all claims and costs, jump to 4.6% from 2.4% a year ago. This improvement shows the company is successfully raising prices and changing plan designs to stay ahead of rising medical expenses.
  • Medical care ratio improving: The medical care ratio, which measures how much of every premium dollar is spent on actual healthcare, fell to 86.7% compared to 89.4% last year. A lower number is better for the company because it means they are keeping more of the money they collect from members.
  • Medicare membership still shrinking: The number of seniors served through Medicare Advantage has dropped by 965,000 since the end of 2025. This decline is a result of the company intentionally pulling back from less profitable plans to focus on making more money from the members it keeps.
  • Massive cash flow growth: Operating cash flow, the actual money the business brought in from its daily work, hit $11.1 billion for the quarter, which is nearly double the $5.7 billion in net income. While boosted by a large government payment, this cash allowed the company to buy back $4.0 billion of its own stock so far this year.

Our take: This was a very strong quarter that shows the company is back in control of its costs. By raising prices and walking away from less profitable Medicare plans, they have protected their margins even while serving fewer people. It proves the business can grow its earnings even when the total number of members shrinks.

UnitedHealth’s next earnings date

Q3 2026
OCT
27
Expectation
EPS$4.03
Revenue$111.31B

Metrics we are tracking

Metric
Expectations
Status
Medical Care Ratio
Staying below 84% on a full-year basis
86.7% in Q2 2026
Optum Health Margin
Adjusted operating margins remaining above 5%
5.1% in Q2 2026
Medicare Advantage Membership
Returning to growth after the 2026 repricing cycle
Declined by 965k since year-end 2025
Debt-to-Capital Ratio
Reaching and holding the 40% long-term target
41.2% as of June 2026

More UnitedHealth coverage from around the web

UnitedHealth Group Board Authorizes Payment of Quarterly Dividend

Business Wire · Press release · Aug 12

UnitedHealth's Medicare Recovery Is Accelerating And Has More Room To Run

Seeking Alpha · Opinion · Aug 11

The Big 3: ARM, RSI, UNH

Schwab Network · Video · Aug 3

UnitedHealth Group Partners with UT Health Sciences to Expand Health Hubs to More Communities Across Tennessee

Business Wire · Press release · Jul 29

UnitedHealth: Recovery Unlikely To Be Linear - Near-Term Consolidation Risks

Seeking Alpha · Opinion · Jul 22

Use These ETFs as Health Stocks LLY, UNH, MRK Thrive

ETF Trends · Jul 17

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