UnitedHealth Group on Monday said it paid a ransom to cyber threat actors to try and protect patient data, following the February cyberattack on its subsidiary Change Healthcare. The company also confirmed that files containing personal information were compromised in the breach."This attack was conducted by malicious threat actors, and we continue to work with the law enforcement and multiple leading cyber security firms during our investigation," UnitedHealth told CNBC in a statement. "A ransom was paid a ...

UnitedHealth Group (UNH) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this largest U.S. health insurer have returned +2.3% over the past month versus the Zacks S&P 500 composite's -4% change. The Zacks Medical - HMOs industry, to which UnitedHealth belongs, has lost 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?While media ...

Change Healthcare’s troubles are apparently not over.The company, which is owned by UnitedHealth, said Thursday (April 18) it had fixed an issue that had hindered medical claims processing for some customers, per a report by Reuters.According to that report, a fix had been found and was being monitored to make sure it worked. A spokesperson told Reuters that the incident may have affected “a small subset and customers may have already been communicated,” and that the company will provide additional informat ...

The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million.Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such as medical expenses relating to the temporary suspension of certain care management activities.“For the full year… it’s important to note these direct costs are included in net earnings, but a ...

UnitedHealth Group Incorporated (UNH) reported first-quarter 2024 adjusted earnings per share (EPS) of $6.91 per share, which beat the Zacks Consensus Estimate by 4.2%. The bottom line rose 10.4% year over year.Revenues amounted to $99.8 billion, which improved 8.6% year over year in the quarter under review on the back of strong performance in its UnitedHealthcare and Optum business lines. The top line outpaced the consensus mark of $99.2 billion.The strong-quarterly performance was aided by growth in peop ...

UnitedHealth Group Incorporated (NYSE:UNH) Q1 2024 Earnings Conference Call April 16, 2024 8:45 AM ET Company Participants Andrew Witty - Chief Executive Officer John Rex - President and Chief Financial Officer Brian Thompson - Chief Executive Officer, UnitedHealthcare Roger Connor - Chief Executive Officer, Optum Insight and Executive Vice President, Enterprise Operations & Services, Optum Dan Kueter - Chief Executive Officer, UnitedHealthcare Employer & Individual Amar Desai - Chief Executive Officer, Opt ...

Investors are shrugging off the negative impact of a recent cyberattack.Shares of UnitedHealth Group (UNH 5.25%) were jumping 5.7% higher as of 11:17 a.m. ET on Tuesday after rising as much as 7.7% earlier in the day. The solid gain came after the giant healthcare company announced its 2024 first-quarter results before the market opened.What did investors like about UnitedHealth Group's Q1 update?UnitedHealth Group reported Q1 revenue of $99.8 billion, up 8.6% year over year. This result topped the consensu ...

Key PointsWith shares in rebound mode, UnitedHealth Group provided a double boost for the market.The impacts of the cyber attack were less than feared.The underlying business is solid and cash flow is substantial. 5 stocks we like better than UnitedHealth GroupUnitedHealth Group's NYSE: UNH Q1 results were better than expected for two reasons: First, the stock price is now rebounding from long-term lows and deep value territory with ample upside ahead. Second, UnitedHealth analysts see it advancing more tha ...

For the quarter ended March 2024, UnitedHealth Group (UNH) reported revenue of $99.8 billion, up 8.6% over the same period last year. EPS came in at $6.91, compared to $6.26 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $99.25 billion, representing a surprise of +0.55%. The company delivered an EPS surprise of +4.22%, with the consensus EPS estimate being $6.63.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Shares of UnitedHealth Group Inc (NYSE:UNH) are surging today, after the blue-chip healthcare name's first-quarter results beat estimates, despite a cyberattack that is projected to cost the company up to $1.6 billion this year. At last glance, UNH was up 6.3% at $473.75, earlier as high as $479.95 and sending sector peers higher. The stock has yet to completely recover its early-April bear gap, which occurred after the cyber event, though today's pop has helping remove it further from its April 12 two-year ...