UnitedHealth Group Incorporated is a diversified health care insurance company and a component of the Dow Jones Industrial Average. The company reported earnings before the opening bell on Tuesday, Jan. 16, beating analysts’ estimates and raising its yearly outlook. UnitedHealth also reported that it has left most of the exchanges related to the Affordable Care Act.
The stock closed last Friday at $228.64, up 3.7% year to date and in bull market territory at 46.5% above its 52-week low of $156.09 set on Jan. 18, 2017. The stock set its all-time intraday high of $234.78 at noon on Jan. 16, 2018. (See also: How UnitedHealth Group Makes its Money.)
Healthcare insurer UnitedHealth is overvalued with a P/E ratio of 25.35 and a dividend yield of just 1.31%. …read more
Read more here: UnitedHealth Beats on Earnings; Stock Sets All-Time High