UnitedHealth Group Inc

UNH: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$521.00	Jbykjy	Mhnlbszxny

UnitedHealth Earnings: Regulatory Concerns in Focus Despite Boost to 2023 Outlook

Julie Utterback

Apr 14, 2023

UnitedHealth turned in a strong start to the year, and management raised its guidance slightly for the full year on these strong trends. The new guidance range remains below our 2023 view, though, and we do not intend to change our $462 fair value estimate at first glance. Our economic moat rating also remains narrow and recognizes the long-term regulatory risks the company faces, primarily in medical insurance and pharmacy benefit management.

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