UnitedHealth Group Inc

UNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$825.00	Jpljbsg	Rpxlgbnh

UnitedHealth Earnings: Strong Results Boost Bottom-End of 2023 Outlook, Setting Stage for Solid 2024

Julie Utterback

Oct 13, 2023

Narrow-moat UnitedHealth turned in a strong third quarter, and management slightly increased the bottom-end of its 2023 adjusted EPS guidance range based these trends. Our 2023 expectation remains at the top of that new range, and we do not currently intend to change our $462 fair value estimate. Shares look a little rich to us, especially compared with managed care peers that have similar growth prospects.

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