UnitedHealth Group Provides 2015 Earnings Update, Initial 2016 View
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UnitedHealth Group (UNH) Announces Substantial Losses; Mizuho Securities Cuts Price Target to $131
November 20, 2015 7:09 AM UTCMizuho Securities maintained a Buy rating on UnitedHealth Group (NYSE: UNH), and cut the price target to $131.00 (from $150.00), following the company's exchange losses and updated guidance. Management reported two sets of losses yesterday. Those affecting 4Q15, and those affecting 2016. Of the total of $700mm... More
UnitedHealth Group (UNH) Trims FY15 EPS Outlook; Offers Initial FY16 EPS Guidance
November 19, 2015 6:48 AM UTCUnitedHealth Group (NYSE: UNH) reported revised expectations for 2015, reflecting a continuing deterioration in individual exchange-compliant product performance, and provided an initial outlook for 2016.
In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated, so we are taking this proactive step, said Stephen J. Hemsley, chief executive officer of UnitedHealth Group. We... More
