Despite the negative reaction to today's news, there is hope for a strong end to the year for UNH. Before today's reports, analysts at Thomas Reuters had a target price of $79.30. This is mainly due to the company's strong performance in two out of its three major businesses.
1. Its Medicare and Retirement business is up 13% year over year, reporting 11 billion in revenue for the quarter.
2. Their Toal Optum Benefits business was also very strong, reporting growth of 33% with $9.6B in revenue.
3. The sole weak spot was the Employer and Individual insurance business which dipped 2.9% year over year with revenue of $11.3B.
1. Its Medicare and Retirement business is up 13% year over year, reporting 11 billion in revenue for the quarter.
2. Their Toal Optum Benefits business was also very strong, reporting growth of 33% with $9.6B in revenue.
3. The sole weak spot was the Employer and Individual insurance business which dipped 2.9% year over year with revenue of $11.3B.