UnitedHealth Group posted second-quarter results that beat analyst expectations, fueling speculation its stock could reach $500 for the first time since early last year. Revenue of $112 billion surpassed the $110.9 billion consensus, while adjusted earnings per share of $6.38 far exceeded the $4.90 estimate. The company’s medical benefits ratio improved to 86.7%, below the projected 88.5%, reflecting lower medical expenses relative to premiums. UnitedHealth also raised its full-year adjusted EPS guidance to a range of $19.50 to $20, up from $18.25. The stock would need to climb about 19% from its recent close of $421.55 to hit the $500 mark.
UnitedHealth Group IncorporatedQ2 earnings beat and raised full-year guidance
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