How to Trade UnitedHealth Following Earnings Beat

UnitedHealth Group  (UNH) – Get Report beat earnings-per-share estimates Wednesday and the stock gapped higher, opening at $276.44 which targets its quarterly risky level at $288.63.

The healthcare insurer maintained its 2020 earnings guidance and indicated it would seek financial help during the COVID-19 pandemic. Here’s the coverage of the earnings report from TheStreet.

At the open Wednesday, the stock was down 6% year to date and in bull market territory 47.2% above its March 23 low of $187.72. The stock is also 9.9% below its all-time intraday high of $306.71 set on Feb. 19.

The stock is consolidating a bear market decline of 38.7% from its Feb. 19 high to its March 23 low.

The stock is reasonably priced with a p/e multiple of 17.44 and a dividend yield of 1.64%, according to Macrotrends.

Consumers looking for health insurance from UnitedHealth should understand that individual coverage for patients under 65 years old will likely be written on three-month intervals. Premiums are thus revised based upon claims history.

Credits: Thestreet

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