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The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of UnitedHealth Group Inc.(UNH) Shareholders
prnewswire.com· 2024-05-21 09:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of UnitedHealth Group Inc. regarding a class action lawsuit alleging that the company failed to establish proper firewalls between its businesses, Optum and UnitedHealthcare, leading to the sharing of sensitive customer information [1][2]. Group 1: Allegations and Class Action Details - The class period for the allegations is from March 14, 2022, to February 27, 2024 [1]. - The complaint claims that UnitedHealth made false statements and concealed the lack of meaningful technological separation between Optum and UnitedHealthcare, contrary to its own policies and assurances given to the court and investors [1]. - Shareholders are encouraged to register for the class action by July 15, 2024, to potentially be appointed as lead plaintiffs [2]. Group 2: Next Steps for Shareholders - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates on the case [2]. - There is no cost or obligation for shareholders to participate in the class action [2]. Group 3: About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in UnitedHealth Group Inc. to Contact Law Firm
prnewswire.com· 2024-05-21 00:10
Core Viewpoint - The investigation by Moore Law, PLLC into UnitedHealth Group, Inc. centers on potential claims related to insider trading and antitrust violations stemming from the company's acquisition of Change Healthcare [2][3]. Group 1: Antitrust Investigation - The U.S. Department of Justice (DOJ) filed a lawsuit on February 24, 2022, challenging UnitedHealth's acquisition of Change Healthcare, alleging it would violate antitrust laws [2]. - On February 27, 2024, the Wall Street Journal reported that the DOJ re-opened its antitrust investigation into UnitedHealth, focusing on the relationships between the company's various segments, including Optum [2]. Group 2: Insider Trading Allegations - UnitedHealth was aware of the DOJ investigation since at least October 2023 but did not disclose this information to investors, leading to significant insider selling [3]. - Insiders sold over $120 million of their UnitedHealth shares, with Chairman Stephen Hemsley selling over $102 million and CEO Brian Thompson selling over $15 million [3]. Group 3: Whistleblower Program - The SEC Whistleblower program allows whistleblowers to receive rewards of up to 30 percent of any successful recovery made by the SEC for providing original information [3].
UnitedHealth Group (UNH) Stock Declines While Market Improves: Some Information for Investors
zacks.com· 2024-05-20 22:51
Company Performance - UnitedHealth Group (UNH) ended the latest trading session at $517.23, reflecting a -1.41% adjustment from the previous day's close [1] - The stock has gained 4.69% over the past month, underperforming the Medical sector's gain of 5.88% and the S&P 500's gain of 5.78% [1] - The upcoming earnings release is expected to show an EPS of $6.76, indicating a 10.1% growth year-over-year, with revenue projected at $98.88 billion, a 6.44% increase compared to the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $27.60 per share and revenue at $398.1 billion, representing changes of +9.87% and +7.13% from the prior year [2] - Recent adjustments to analyst estimates reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [2] Zacks Rank and Valuation - UnitedHealth Group currently holds a Zacks Rank of 3 (Hold), with a recent 0.42% decline in the Zacks Consensus EPS estimate [3] - The company is trading at a Forward P/E ratio of 19.01, which is a premium compared to the industry average of 16.19 [3] - The PEG ratio for UNH is 1.52, compared to the Medical - HMOs industry average PEG ratio of 1.18 [3] Industry Overview - The Medical - HMOs industry is part of the Medical sector and currently holds a Zacks Industry Rank of 71, placing it in the top 29% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]
Here's Why You Should Retain UnitedHealth Group (UNH) Stock
zacks.com· 2024-05-20 17:15
Core Viewpoint - UnitedHealth Group is benefiting from an expanding premium base, contract wins, strength in the Optum business, and a solid financial position, with an optimistic earnings outlook for 2024 reinforcing investor confidence in the stock [1] Financial Performance - UnitedHealth Group currently has a Zacks Rank of 3 (Hold) and has gained 9.2% over the past year, slightly outperforming the industry growth of 9.1% [2] - The Zacks Consensus Estimate for 2024 earnings is $27.60 per share, reflecting a 9.9% increase from the previous year, with revenues expected to reach $398.1 billion, indicating a 7.1% growth [4] - The consensus estimate for 2025 earnings is $30.98 per share, suggesting a 12.3% growth from 2024, with revenues projected at $426.5 billion, also a 7.1% increase [4] - UnitedHealth Group has a return on equity of 26.5%, surpassing the industry average of 23.8%, demonstrating efficient use of shareholders' funds [6] Business Growth Drivers - The company is experiencing revenue growth due to strong contributions from its UnitedHealthcare and Optum businesses, with effective Medicare and Medicaid plans expanding the membership base and increasing premiums [8] - The Optum unit is leveraging acquisitions and advanced technology, with plans to serve an additional 750,000 patients in value-based arrangements in 2024 [9] - UnitedHealth Group's solid financial position allows for strategic investments, including share buybacks and dividends, with a dividend yield of 1.4%, higher than the industry average of 1.3% [10] Earnings Surprise and Outlook - UnitedHealth Group has a strong earnings surprise history, exceeding estimates in the last four quarters with an average surprise of 3.65% [5] - Adjusted net earnings per share for 2024 are forecasted to be between $27.50 and $28.00, indicating a 10.5% improvement from 2023 [7]
UNITEDHEALTH SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against UnitedHealth Group Inc.- UNH
prnewswire.com· 2024-05-18 02:45
Group 1 - ClaimsFiler reminds investors that they have until July 15, 2024, to file lead plaintiff applications in a securities class action lawsuit against UnitedHealth Group Inc. for shares purchased between March 14, 2022, and February 27, 2024 [1] - The lawsuit alleges that UnitedHealth and certain executives failed to disclose material information during the Class Period, violating federal securities laws [1] - The case is identified as City of Hollywood Firefighters' Pension Fund v. UnitedHealth Group Inc., No. 24-cv-1743 [2] Group 2 - On February 27, 2024, the U.S. Department of Justice re-opened its antitrust investigation into UnitedHealth's various segment relationships, leading to a share price drop of $27, erasing nearly $25 billion in shareholder value [2] - ClaimsFiler serves as a resource for retail investors to recover funds from securities class action settlements, offering free registration for access to information and case evaluations [2]
SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against UnitedHealth Group Inc. - UNH
prnewswire.com· 2024-05-16 23:45
Group 1 - A class action lawsuit has been filed against UnitedHealth Group Inc. for alleged securities fraud and unlawful business practices [1] - The lawsuit allows shareholders who purchased UnitedHealth securities during the Class Period to seek appointment as Lead Plaintiff by July 15, 2024 [1] - The U.S. Department of Justice has initiated an antitrust investigation into UnitedHealth, focusing on its health services arm, Optum [2] Group 2 - Following the news of the antitrust investigation, UnitedHealth's stock price dropped by $27.04, or 5.15%, closing at $498.28 per share on February 28, 2024 [2] - Pomerantz LLP is recognized for its expertise in corporate, securities, and antitrust class litigation, having recovered billions in damages for class members [3]
UnitedHealth (UNH) Up 8.1% Since Last Earnings Report: Can It Continue?
zacks.com· 2024-05-16 16:36
A month has gone by since the last earnings report for UnitedHealth Group (UNH) . Shares have added about 8.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is UnitedHealth due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. UnitedHealth Group Tops on Q1 Earnings, Reaffi ...
UNH INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that UnitedHealth Group Incorporated Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
prnewswire.com· 2024-05-16 03:06
NEW YORK, May 15, 2024 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against UnitedHealth Group Incorporated ("UnitedHealth Group" or "the Company") (NYSE: UNH) and certain of its officers.Class Definition:This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acq ...
UnitedHealth(UNH) - 2024 Q1 - Quarterly Report
2024-05-08 22:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________ FORM 10-Q __________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission File Number: 1-10864 ...
UnitedHealth CEO estimates one-third of Americans could be impacted by Change Healthcare cyberattack
CNBC· 2024-05-01 20:46
UnitedHealth Group CEO Andrew Witty on Wednesday told lawmakers that data from an estimated one-third of Americans could have been compromised in the cyberattack on its subsidiary Change Healthcare, and that the company paid a $22 million ransom to hackers. Witty testified in front of the Subcommittee on Oversight and Investigations, which falls under the House of Representatives' Committee on Energy and Commerce. He said the investigation into the breach is still ongoing, so the exact number of people affe ...