Key Factors
UnitedHealth Group inventory has given up nearly all of its 12-month positive factors attributable to a cyber assault at its Change Healthcare subsidiary and the announcement of a DOJ probe. 
Whereas traders are promoting the information, just one occasion could convey long-term uncertainty.  
consumers could need to look forward to affirmation of assist earlier than venturing into UNH inventory.  
5 shares we like higher than UnitedHealth Group
UnitedHealth Group Inc. NYSE: UNH has given up nearly all of its 12-month positive factors within the final week after two unrelated incidents have rocked the corporate. On the shut of buying and selling on March 1, 2024, UNH inventory had misplaced greater than $25 billion in market worth.  
The medical insurance supplier continues to grapple with the fallout from the cyber assault initiated by the “Blackcat” ransomware gang on its Change Healthcare subsidiary. The assault created vital disruptions to digital prescription deliveries in addition to insurance coverage transactions, significantly amongst unbiased healthcare suppliers. Get UnitedHealth Group alerts:Signal Up
The unhealthy information saved approaching February 28 when the U.S. Division of Justice (DOJ) introduced that it had launched an investigation into UnitedHealth Groupo over issues about sure relationships between the corporate’s insurance coverage division and its Optum health-services unit. And particularly, how the corporate’s purchases of docs’ teams could have affected rivals.  
For all of the unhealthy information, traders can now purchase shares of UNH at six-month lows. Is that this a dip to purchase or a falling knife to keep away from? 
 UnitedHealth Group – Two Totally different Considerations 
Buyers do not like uncertainty. As unlucky and critical because the cyber assault is, UnitedHealth Group is just not the primary firm, nor will or not it’s the final, to fall prey to those assaults. There is a public coverage dialogue available, however so far as the inventory’s fortunes, this would not seem like a cause to promote.  
UnitedHealth Group insists that there isn’t any proof the cyber assault went past Change Healthcare. The corporate can also be working carefully with cybersecurity corporations resembling Palo Alto Networks Inc. NYSE: PANW to research this assault. The corporate can also be providing momentary funding help to affected suppliers. The Federal investigation is one other matter altogether. United HealthGroup is the nation’s largest Medicare Benefit insurer. Nonetheless, it has repeatedly drawn criticism for denying mandatory care and overcharging taxpayers. This falls according to anti-monopoly campaigners who’ve argued for years that the consolidation within the healthcare trade has harmed sufferers by means of increased prices for worse care.  
Curiously, UnitedHealth Group delivered an optimistic outlook in regards to the state of its Medicate Benefit enterprise regardless of the rising prices. The identical could not be mentioned of competing medical shares resembling Humana Inc. NYSE: HUM, and The Cigna Group NYSE: CI, each of which have been wrestling with elevated Medicare Benefit prices.  
 UnitedHealth Group Inventory, One Analyst Stays Bullish 
For the reason that cascade of unhealthy information started, at the least one analyst has reiterated its bullish opinion of UNH Inventory. The UnitedHealth Group analyst scores on MarketBeat present that on February 29, 2024, Royal Financial institution of Canada NYSE: RY reiterated its outperform score on the corporate. The financial institution additionally has a $596 worth goal for UNH inventory, which is 3% increased than the analysts’ consensus worth goal of $575.79.  
Is UnitedHealth Group Inventory a Purchase? 
Early March 4, 2024, technical motion suggests some consumers could also be coming in. Nonetheless, the inventory continues to be down over 1.3% in morning buying and selling and is at a key assist degree. If it fails to carry at round $480, it is not unthinkable that UNH inventory might drift near the $460 vary it hit in early summer time.  
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