2024-05-01 11:36:50 ET
Summary
- UnitedHealth's stock jumped 7% after beating Q1 expectations with revenue growth of 8.6% YoY and adjusted EPS of $6.91.
- The company's managed care business holds a 36.4% market share and is rapidly growing with 2 million new domestic consumers in Q1.
- UnitedHealth's health services arm, Optum, is reshaping healthcare delivery and experiencing a 16% increase in revenue.
- I give UNH a strong buy rating for the reasons laid out in this article.
Editor's note: Seeking Alpha is proud to welcome MMMT Wealth as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more »
Investment Thesis
I've had my eye on UnitedHealth Group ( UNH ) for a long time, but I've never felt comfortable buying at a time where there was a solid margin of safety. As you can see the stock has been a steadily moving up and up with no significant drawbacks up until February/March 2024....
Read the full article on Seeking Alpha
For further details see:
UnitedHealth Group: A Quality Compounder With A Recent Pullback