UnitedHealth Group reported second quarter earnings on Thursday, raising its full-year outlook alongside $112 billion in quarterly revenue, sending its stock higher. Mizuho Americas healthcare equity strategist Jared Holz called it the best quarter out of the company and possibly the entire managed care industry in three to four years, noting Medicare Advantage is in a really good spot. He added that even assuming 20% annual earnings growth, well above the historical low-to-mid teens, the stock is trading at 15 to 16 times a 2028 number. The read across for other companies, according to Holz, is that Medicare Advantage is where you want to be, while commercial insurance and Medicaid remain more challenged.
UnitedHealth Group IncorporatedReported strong Q2 earnings and raised full-year outlook, driving stock higher.
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