UnitedHealth Group Inc

UNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$326.00	Nvxmb	Ykwsswyxxy

UnitedHealth Earnings: Diversification Benefits on Display as Medical Utilization Rises

Julie Utterback

Jan 12, 2024

Narrow-moat UnitedHealth turned in mildly stronger fourth-quarter results than expected, highlighting the benefits of its diversified business model even as medical utilization rose. However, those fourth-quarter results were not enough to change our recently raised $520 fair value estimate, especially since the firm maintained its 2024 guidance. Shares dropped toward fair value in early trading on the medical utilization concerns.

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