United States

UnitedHealth Group Inc (UNH)

UNH on New York Consolidated

22 Sep 2017
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$-3.92 (-2.01%)
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Latest Key Developments (Source: Significant Developments)

UnitedHealth Group reports Q2 adj EPS $1.96
Tuesday, 19 Jul 2016 05:55am EDT 

UnitedHealth Group Inc : Unitedhealth Group reports second quarter results . Q2 adjusted earnings per share $1.96 . Q2 earnings per share view $1.89 -- Thomson Reuters I/B/E/S . Sees FY 2016 GAAP earnings per share $7.25 to $7.40 . Q2 GAAP earnings per share $1.81 . Narrowed outlook for 2016 GAAP net earnings to a range of $7.25 to $7.40 per share . Consolidated medical care ratio increased 30 basis points to 82.0 percent in q2 . Says company's debt to total capital ratio was 47.8 percent at June 30, 2016, down from 48.7 percent at year end 2015 . Q2 operating margin decreased 90 basis points, primarily due to $200 million in aca-compliant individual product losses beyond projections . FY2016 earnings per share view $7.89 -- Thomson Reuters I/B/E/S . Q2 2016 revenues grew 28 percent or $10.2 billion year-over-year to $46.5 billion . Says consolidated medical care ratio increased 30 basis points to 82.0 percent in Q2 . Narrowed outlook for 2016 adjusted net earnings to a range of $7.80 to $7.95 per share . Unitedhealthcare's stand-alone medicare part d program served 4.9 million people at June 30, 2016, a decrease of 135,000 people year-over-year .Q2 revenue view $45.04 billion -- Thomson Reuters I/B/E/S.  Full Article

American Renal Associates receives complaint by UnitedHealth affiliates
Tuesday, 5 Jul 2016 06:59am EDT 

American Renal Associates: Says on July 1, 2016, received a complaint filed by three affiliates of UnitedHealth Group Inc in Florida - SEC filing . Complaint identifies about $1.9 million of payments made to 12 of co's facilities that united claims were "improper" . Says complaint seeks monetary damages and injunctive relief .Complaint relates to 27 patients who have received dialysis at 12 ARA facilities in Florida and Ohio.  Full Article

Unitedhealth Group says John Rex will receive a base salary of $800,000
Thursday, 9 Jun 2016 05:40pm EDT 

Unitedhealth Group Inc :John Rex will receive a base salary of $800,000.  Full Article

Unitedhealth Group appoints John Rex as chief financial officer
Thursday, 9 Jun 2016 04:52pm EDT 

Unitedhealth Group Inc : John Rex, formerly executive vice president, CFO, Optum, has been appointed chief financial officer of unitedhealth group . John Rex, succeeds David S. Wichmann who will now devote his full energy and attention to his duties as president of company . Rex has also been named a member of office of chief executive. .Tami reller, currently executive vice president and chief marketing officer of optum, has been named cfo, optum.  Full Article

Unitedhealth Group increases qtrly dividend by 25 pct
Wednesday, 8 Jun 2016 06:50am EDT 

Unitedhealth Group Inc : Increases quarterly dividend by 25 percent . Board of directors authorized payment of a cash dividend of $0.625 per share .Unitedhealth group board increases shareholder dividend 25%.  Full Article

UnitedHealth Group updates FY 2016 revenue outlook; raises FY 2016 EPS outlook
Tuesday, 19 Apr 2016 05:55am EDT 

UnitedHealth Group Inc:Says that based on Q1 results and business trends, the company now expects FY 2016 revenues of about $182 billion and adjusted net earnings in a range of $7.75 to $7.95 per share (EPS).Says increase in the outlook for adjusted net earnings of $0.15 per share is due to changes in the expected income tax rate and intangible amortization.  Full Article

UnitedHealth Group Inc declares quarterly dividend
Wednesday, 10 Feb 2016 06:50am EST 

UnitedHealth Group Inc:Board authorizes payment of quarterly dividend to shareholders.Sets quarterly dividend of $0.50 per share.  Full Article

UnitedHealth Group Inc affirms FY 2016 outlook
Tuesday, 19 Jan 2016 05:55am EST 

UnitedHealth Group Inc:Affirmed its FY 2016 outlook, including estimated revenues of more than $180 billion, rising net earnings growth to a range of $7.60 to $7.80 in adjusted earnings per share.  Full Article

UnitedHealth Group Inc - NY orders UnitedHealth to pay $100,000 to settle antitrust probe - Reuters
Wednesday, 6 Jan 2016 01:30pm EST 

UnitedHealth Group Inc:The New York Attorney General has ordered UnitedHealth Group to pay a $100,000 fine after an investigation found the insurance provider engaged in anti-competitive practices involving elder and long-term care products, according to a person familiar with the matter - RTRS.The settlement, which was signed late Wednesday, centers on efforts by UnitedHealth to force nursing homes to purchase other additional unwanted insurance services in order to participate in the insurance carrier's broader network, the person added - RTRS.The person spoke to Reuters anonymously, because the settlement has not yet been made public. - RTRS.In addition to paying a fine to settle the case, UnitedHealth also agreed to cease its practice of requiring nursing homes to purchase multiple insurance products. - RTRS.The investigation, which had not been previously reported, was sparked by complaints about the company's conduct - RTRS.  Full Article


Pfizer files suit against J&J over Remicade contracts

Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar.