Nov. 12, 2014, 10:22 AM
- UnitedHealth Group (UNH -0.9%) creates an Office of the Chief Executive comprised of CEO Stephen J. Hemsley, Vice-Chairman of UnitedHealth Group Larry C. Renfro, President, UnitedHealth Group David S. Wichmann, EVP, Chief Legal Officer Marianne Short and EVP, Human Capital Ellen Wilson.
- Mr. Renfro will remain CEO of Optum and will assume additional UnitedHealth Group oversight responsibilities for all enterprise strategic relationships, key client relationships and company-wide business growth efforts.
- Optum COO and Optum Rx CEO Dirk McMahon promoted to EVP, Enterprise Operations of UnitedHealth Group reporting to Mr. Wichmann.
- EVP, UnitedHealth Group and CEO, UnitedHealthcare Gail K. Boudreaux leaves her position.
Nov. 7, 2014, 7:17 AM
Oct. 22, 2014, 2:44 PM
- Crude inventories rose 7.1M barrels for the week ended October 17, according to the EIA, vs. expectations for a 2.7M jump. Helping boost inventories were fewer refinery runs - down 113K barrels per day with utilization rates dropping 140 basis points to 86.7%. In the Midwest, utilization rates are the lowest for this point in the year since 2010.
- WTI crude oil last week briefly dropped under $80 per barrel for the first time since the summer of 2012, and it's testing that level again today, -2.9% to $80.36. USO -2.4%
- Gasoline (UGA -2.2%) stockpiles fell 1.3M barrels vs. expectations for a 1M barrel drop, and distillates (UNH -0.8%) rose 1M barrels vs. expectations for a 1.3M barrel decline.
- ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DNO, DWTI, SZO, OLO, OLEM, TWTI
Oct. 16, 2014, 7:45 AM
- UnitedHealth Group (NYSE:UNH) Q3 results: Total Revenues: $32,759M (+7.0%); Employer & Individual: $10,610M (-5.5%); Medicare & Retirement: $11,477M (+3.9%); Community & State: $6,131M (+33.8%); International: $1,821M (+18.9%).
- Medical Costs: $23,092M (+4.8%); Operating Costs: $5,436M (+11.6%); COGS: $955M (+30.6%); Net Income: $1,602M (+2.0%); EPS: $1.63 (+6.5%); CF Ops: $3,200M (-46.0%).
- Gross Profit: $9,667M (+12.7%); COGS: 70.5% (-2.1%); Gross Margin: 29.5% (+5.3%); Operating Profit: $2,903M (+10.3%); Operating Earnings Yield: 8.9% (+3.1%); Net Earnings Yield: 4.9% (-4.6%).
- Optum: Total Revenues: $11,986M (+21.4%); OptumHealth: $2,849M (+14.2%); OptumInsight: $1,250M (+4.0%); OptumRx: $8,011M (+27.3%).
- 2014 Guidance unchanged.
Oct. 16, 2014, 6:05 AM
Oct. 15, 2014, 5:30 PM
Oct. 14, 2014, 3:31 PM
- Global growth, foreign-exchange, oil, and small caps are the subject of every client inquiry, says David Kostin. His team's recommendation: Buy "American exceptionalism."
- In Kostin's view, U.S. economy and corporate fundamentals are still strong, with economic growth expected by Goldman economists to be 3.2% next year, the fastest expansion since 2005. Europe is expected to grow just 1%.
- What his team likes are those stocks of companies which have a high proportion of domestic sales, plus sectors like Consumer Staples (XLP -0.1%) and Discretionary (XLY +0.7%) which stand to benefit from lower oil prices (plunging again today).
- As for small caps (IWM +0.9%), Kostin is wary, noting downward earnings revisions have boosted small cap P/E ratios even as prices have declined.
- The list of S&P 500 names capturing two or more of Kostin's themes: GT, GM, PCLN, AMZN, CMCSA, LOW, DG, TSN, ADM, CVS, AVP, WAG, PXD, HAL, JPM, BAC, SCHW, PNC, MS, C, GNW, LNC, MET, THC, AET, UNH, ESRX, HUM, WLP, BIIB, GILD, DAL, CMI, FLR, CRM, JBL, MA, FB, MU, FSLR, VMC, MON, T.
Sep. 30, 2014, 9:56 AM
Aug. 13, 2014, 9:39 AM
Jul. 29, 2014, 10:18 AM
Jul. 25, 2014, 11:05 AM
Jul. 17, 2014, 7:06 AM
- United Health Group (NYSE:UNH) Q2 results: Total Reveues: $32,574M (+7.1%); Employer & Individual: $10,729M (-3.6%); Medicare & Retirement: $11,785M (+6.6%); Community & State: $5,764M (+28.6%); International: $1,793M (+9.6%).
- Medical Costs: $23,523M (+6.1%); Operating Costs: $5,206M (+7.9%); COGS: $929M (+38.9%); Net Income: $1,408M (-1.9%); EPS: $1.42 (+1.4%); CF Ops: $2,422M (-4.2%); Quick Assets: $8,289 (-17.9%).
- Gross Profit: $9,051M (+9.9%); Gross Margin: 27.8% (+2.6%); Operating Profit: $2,552M (+6.3%); Operating Earnings Yield: 7.8% (-0.8%); Net Earnings Yield: 4.3% (-8.5%).
- Optum: $11,714M (+28.4%); OptumHealth: $2,411M (unch); OptumInsight: $1,243M (+5.2%); OptumRx: $8,000M (41.7%).
- 2014 Guidance: Revenues: ~$130B up from $128B - 129B; EPS: $5.50 - 5.60 up from $5.40 - 5.60
- Press release
Jul. 17, 2014, 6:01 AM
Jul. 16, 2014, 5:30 PM
Jul. 10, 2014, 5:54 PM
- A UnitedHealth Group (UNH) study found that paying cancer doctors a lump sum to treat patients saved 34% vs. paying the doctors for each drug or service.
- The three-year study tested the theory that percentage-based payments encouraged doctors to use treatments that were more expensive, but not necessarily most effective.
- "We expected savings but not this great," says SVP for oncology Lee Newcomer.
- UNH shares recouped much of today's losses, finishing -0.8% after a morning downgrade by Jefferies to Hold from Buy. Jefferies has a price target of $87 for the stock (closing price: $82.08).
Jul. 3, 2014, 11:07 AM
- Saying that most custom-mixed medicines are either ineffective or overpriced, pharmacy benefit manager Express Scripts (ESRX +0.6%) plans to drop coverage for 1,000 drug ingredients found in compounded meds. The company states that the move will reduce employers' spending on compounded prescriptions by 95%. Express Scripts SVP Glen Stettin says, "What we are eliminating is, pure and simple, wasteful spending. These drugs are being used when there are other things available that are already approved by the FDA and are less expensive." The cuts will take effect on September 15, 2014 unless customers specifically ask to continue paying for them. Firms who want to opt out of the cuts must notify ESRX by Thursday (not sure if this means today).
- Predictably, compounding pharmacists lack enthusiasm for the move saying that it will deprive patients of much-needed medications.
- Related tickers: (UNH +0.7%) (CTRX +0.4%) (BIOS -0.2%) (WLP -0.7%) (AET +0.3%) (CI +0.6%) (HUM +0.2%) (CNC) (WCG +0.3%) (MOH +1.4%) (MGLN +0.5%)
UNH vs. ETF Alternatives
UnitedHealth Group Inc designs products, provides services and applies technologies that improve access to health and well-being services, simplify the health care experience and make health care more affordable.
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