NYSE: UNH
UnitedHealth Group Incorporated
Healthcare · Medical - Healthcare Plans
Market Cap
$368.76B
52w High
$415.98
52w Low
$234.60
P/E
30.68
Volume
2.35M
Outstanding Shares
908.14M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 29.35% over the last year. Revenue grew 9.67% over the trailing twelve months. Operating margin moved from 8.16% to 4.19%. Free cash flow declined 20.9% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 60th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 4.19%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
UnitedHealth Group Incorporated (UNH) operates as a comprehensive healthcare enterprise across the United States, structuring its diverse services into four key divisions: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
43
Buy
5
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 16, 2026
Q3 FY26 · EPS est $4.84 · Revenue est $110.76B
View
Dividends
$8.95/shareQuarterlyDividend Achiever · 20yrAdequateUNH pays a dividend with a 2.2% dividend yield, 20 consecutive years of growth, growing at 11.47% annually, covered 2.0× by free cash flow.
Dividend Yield
2.2%
Annual Div / Share
$8.95
5yr CAGR
+11.47%
Doubles every ~6.4yr
Payout Ratio
66.5%
Adequate
Dividend Growth Rate
3yr CAGR
+9.43%
5yr CAGR
+11.47%
10yr CAGR
+15.46%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$22/yr $2/mo | $38/yr+72% $3/mo | $65/yr+196% $5/mo |
Yield-on-cost grows from 2.2% → 6.53% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
UNH has raised its dividend for 20 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.0× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 11.47% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.