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UnitedHealth Group Incorporated (UNH) rallied 5% after Democrats took control of the US House. But after topping around $277 on November 12, investors seeking exposure to the healthcare plan business should take another look at this stock. At a fairly valued multiple of 23 times earnings, a dividend of $0.90 payable to holders as of November 30, and a favorable political environment ahead, this stock should continue on its upward trajectory.
Strong Third Quarter Results
UnitedHealth reported good third quarter results, posted on Oct. 16. Revenue rose 12.4% from last year to $56.556