Reading the tape
NYSE: UNH
UnitedHealth Group Incorporated
Healthcare · Medical - Healthcare Plans
Market Cap
$334.73B
52w High
$409.70
52w Low
$234.60
P/E
27.86
Volume
4.68M
Outstanding Shares
907.68M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -7.96%Revenue (TTM): 9.67%FCF (TTM): -20.9%P/FCF: 48th pct
What changed
The stock fell 7.96% 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 has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 4.19%. A decisive move in revenue — currently up 9.67% — would be the clearest signal to resolve the ambiguity.
Company profile
UnitedHealth Group Incorporated operates as a diversified health care company in the United States.
CEOStephen J. Hemsley
SectorHealthcare
IndustryMedical - Healthcare Plans
Employees400,000
IPO dateOct 17, 1984
Valuation
Forward P/E—
EV/EBITDA15.37
Enterprise value$354.42B
Price / Book3.56
Stock splits
May 31, 2005↑ Forward
Every 1 shares became 2
Jun 19, 2003↑ Forward
Every 1 shares became 2
Dec 26, 2000↑ Forward
Every 1 shares became 2
Mar 11, 1994↑ Forward
Every 1 shares became 2
Sep 16, 1992↑ Forward
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.
Revenue growth1.96%
Gross margin18.8%▼17.05%vs FY2024
Operating margin4.19%▼47.47%vs FY2024
ROE12.81%▼17.60%vs FY2024
Analyst consensus
RatingBuy
Target price$385.43▲4.51%
42
Buy
6
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
Aug 4, 2026
Q3 FY26 · EPS est $4.83 · Revenue est $110.73B
View
Dividends
$8.84/shareQuarterlyDividend Aristocrat · 26yrAdequateUNH pays a dividend with a 2.4% dividend yield, 26 consecutive years of growth, growing at 12.57% annually, covered 2.0× by free cash flow.
Dividend Yield
2.4%
Annual Div / Share
$8.84
5yr CAGR
+12.57%
Doubles every ~5.9yr
Payout Ratio
66.5%
Adequate
Dividend Growth Rate
3yr CAGR
+10.9%
5yr CAGR
+12.57%
10yr CAGR
+16.63%
Dividend Safety
7/10Adequate
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$8.73+6.7%
2024$8.18+12.2%
2023$7.29+13.9%
2022$6.40+14.3%
2021$5.60+15.9%
2020$4.83+16.7%
2019$4.14+20.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$24/yr
$2/mo
In 5 yrs
$42/yr+76%
$4/mo
In 10 yrs
$74/yr+211%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$24/yr $2/mo | $42/yr+76% $4/mo | $74/yr+211% $6/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 2.4% → 7.45% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
UNH has raised its dividend for 26 consecutive years — qualifying as a Dividend Aristocrat, 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 12.57% 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.
Congressional Activity
Congress Trades in UNH
STOCK Act disclosures from senators and representatives.
Ro Khanna
CAhouseDemocratPurchase2026-03-30$1,001 - $15,000+10d to disclose- RM
Richard Dean Dr McCormick
GAhousePurchase2026-03-19$1,001 - $15,000+19d to disclose 
Markwayne Mullin
OKsenatePurchaseJoint2026-02-25$50,001 - $100,000+13d to disclose
Charles J. "Chuck" Fleischmann
TNhouseRepublicanPurchaseJoint2026-02-20$15,001 - $50,000+31d to disclose
Josh Gottheimer
NJhouseDemocratPurchaseJoint2026-02-05$1,001 - $15,000+40d to disclose
Katie Britt
ALsenateRepublicanSale (Full)Spouse2025-04-30$1,001 - $15,000+270d to discloseKatie Britt
ALsenateRepublicanSaleSpouse2025-04-30$1,001 - $15,000+271d to discloseKatie Britt
ALsenateRepublicanPurchaseSpouse2025-04-14$1,001 - $15,000+286d to disclose