UnitedHealth Group Inc

UNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$319.00	Dyjztwc	Tgnkpgmry

UnitedHealth Earnings: Despite Higher Medical Utilization Trends, 2023 Outlook Mildly Increases

Julie Utterback

Jul 14, 2023

UnitedHealth turned in a strong second quarter, and management slightly increased its 2023 outlook on these trends, despite increasing medical utilization, especially among seniors. At first glance, we do not intend to change our $462 fair value estimate, and shares appear about fairly valued. Our narrow economic moat rating also continues to recognize the long-term regulatory risks faced by UnitedHealth and its managed care peers.

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