Forecast Of The Day: United HealthCare’s Employment and Individual Policyholders

+9.55%
Upside
502
Market
550
Trefis
UNH: UnitedHealth Group logo
UNH
UnitedHealth Group

What?

UnitedHealth Group’s (NYSE:UNH) United HealthCare Employment and Individual Policyholders declined from around 28 million in 2019 to 26.2 million in 2020. We expect the number to rise marginally to 26.7 million in 2021 and to 27.3 million in 2022.

The metric refers to the number of people enrolled for the company’s health care insurance plans, both corporate and individual.

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Why?

While the Covid-19 pandemic and the related slowdown hurt the number in 2020, the economy is expected to rebound strongly in 2021, helping enrollments.

So What?

We don’t think the projected growth is priced into UNH stock yet. We value UNH at $460 per share, a premium of around 11% over the current market price.

See Our Complete Analysis For UnitedHealth

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