UnitedHealth Group (UNH)
Combines health insurance with care delivery, pharmacy benefits, and health technology.
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Combines UnitedHealthcare’s employer, individual, Medicare, and Medicaid health benefits with Optum’s care delivery, pharmacy benefits, data, and technology services. Revenue comes from insurance premiums and service fees, with a large share tied to CMS programs and an integrated model that also serves outside health-care organizations.
Pairs UnitedHealthcare health benefits with Optum’s care, pharmacy, and technology services, with operations centered on the United States. UnitedHealthcare serves employers and individuals, Medicare beneficiaries, and state Medicaid programs through Employer & Individual, Medicare & Retirement, and Community & State.
Optum Health delivers primary, specialty, surgical, behavioral, home, and virtual care, including value-based arrangements. Optum Rx manages pharmacy benefits and specialty, home-delivery, and infusion services; Optum Insight supplies data, analytics, technology, consulting, and managed services. These businesses serve both UnitedHealthcare and outside payers, providers, employers, governments, and life-sciences companies.
The integrated model links insurance networks and benefit design with clinical, pharmacy, and data capabilities. A large share of revenue comes from CMS premiums, while Medicare and Medicaid rates, medical utilization, state insurance rules, pharmacy-benefit regulation, and health-data security requirements shape results.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Wells Fargo | Downgrade | ||
| Sep 9, 2026 | UBS | Downgrade | ||
| Jul 21, 2026 | BMO Capital | Target | Target: $600 | Target: $512 |
| Jul 21, 2026 | D.A. Davidson | Target | Target: — | Target: $512 |
| Jul 20, 2026 | Mizuho Securities | Target | Target: $460 | Target: $493 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $31.47B · Total debt $73.33B · Total assets $309.73B · Shareholders' equity $98.45B
- Revenue
- $112.03B
- Operating income
- $7.99B
- Net income
- $5.48B
HistoryDividendAnnual yield
| Institutions | 88.69% | 805.43M shares | |
|---|---|---|---|
| 3,557 holders · as of Jun 30, 2026 | |||
| Insiders | 0.07% | 646.7K shares | |
| 21 holders · as of Sep 4, 2026 | |||
| Other | 11.24% | 102.07M shares | |
| remainder | |||
908.14M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.46% | 76.86M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 59.31M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.02% | 45.63M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 3.29% | 29.89M | as of Jun 30, 2026 |
FMR LLCInstitution | 3.08% | 27.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Patrick Hugh Conway | officer: Chief Executive Officer, Optum | −1,169 | $390.00 |
| Aug 5, 2026 | Patrick Hugh Conway | officer: Chief Executive Officer, Optum | −500 | $410.00 |
| Apr 23, 2026 | Patrick Hugh Conway | officer: Chief Executive Officer, Optum | −800 | $355.00 |
- CVS Health
Triple-axis rival: Aetna insurer, Caremark PBM, and Oak Street care delivery.
- Elevance Health
Second-largest US health insurer with PBM and health-services arms mirroring Optum.
- Cigna
Dual-engine insurer-PBM with Express Scripts leading US PBM market share.
- Humana
Medicare Advantage specialist with ~5.2M individual MA members and an integrated care platform.
- Centene
Largest US Medicaid MCO with 12.5M Medicaid members and growing Medicare and Marketplace books.
- Molina Healthcare
Government-focused MCO: ~75% Medicaid, with growing Medicare and Marketplace books.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UnitedHealth Group | $373.16 | +0.07% | $342.88B | 24.3 | 17.5 | 0.8 | +0.4% |
| CVS Health | $87.08 | −0.01% | $111.77B | 23.2 | 10.8 | 0.3 | +7.3% |
| Elevance Health | $402.43 | +0.03% | $88.77B | 18.2 | 14.8 | 0.4 | +0.8% |
| Cigna | $274.02 | +0.08% | $72.53B | 11.4 | 8.6 | 0.3 | +6.6% |
| Humana | $372.00 | −0.03% | $45.39B | 35.9 | 30.2 | 0.3 | +26.2% |
| Centene | $63.30 | +0.02% | $32.10B | — | 14.0 | 0.2 | +9.9% |
| Molina Healthcare | $191.15 | −0.03% | $10.33B | 1,041.1 | 27.1 | 0.2 | −4.8% |
| Median | 23.2 | 14.4 | 0.3 | +6.9% |