In February, UnitedHealth Group Inc.’s Change Healthcare unit suffered a far-reaching cyberattack.Per remarks by UnitedHealth’s executives on Tuesday’s (July 16) second-quarter earnings call, the impact of the Change Healthcare attack is still ongoing, with its related costs continuing to snowball to over a billion dollars to date, with expectations of the attack’s fallout on UnitedHealth’s bottom line for the full fiscal year topping $2.3 billion.Change provides technology used to submit insurance claims, ...

UnitedHealth (NYSE:UNH) stock is trending this morning on news that the insurer expects a previous cyberattack to cost more than it had previously forecast. However, the firm’s quarterly profits did come in above analysts’ average estimate. UnitedHealth also reiterated its full-year adjusted EPS guidance.UNH stock is currently up more than 4% today as investors digest the news.UNH Stock and Higher Cyberattack CostsBack in February, UnitedHealth tech division Change Healthcare was hit by a cyberattack that t ...

Key TakeawaysUnitedHealth Group's earnings exceeded forecasts as its Optum division added more patients and pharmacy customers.Profit was negatively impacted by the continuing effects of a February cyberattack against its Change Healthcare division.The company said the effect of the hack on full-year earnings would be more than previously estimated. UnitedHealth Group (UNH) shares advanced Tuesday after the big health insurance provider posted better-than-expected profit on higher revenue from its Optum hea ...

UnitedHealth Group (UNH) came out with quarterly earnings of $6.80 per share, beating the Zacks Consensus Estimate of $6.65 per share. This compares to earnings of $6.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.26%. A quarter ago, it was expected that this largest U.S. health insurer would post earnings of $6.63 per share when it actually produced earnings of $6.91, delivering a surprise of 4.22%.Over the last four qu ...

For Immediate ReleasesChicago, IL – July 16, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Microsoft Corp. (MSFT) , Eli Lilly and Co. (LLY) , UnitedHealth Group Inc. (UNH) and Tile Shop Holdings, Inc. (TTSH) .Here are highlights from Tuesday’s Analyst Blog:Q2 Earnings Season Scorecard and Analyst Reports for Mi ...

UnitedHealth Group Reports Second Quarter 2024 Results • Revenues of $98.9 Billion Grew Nearly $6 Billion Year Over Year, Led by Optum • Consumers Served by UnitedHealthcare's Commercial Domestic Offerings Grew 2.3 Million Year to Date • Cash Flows from Operations were $6.7 Billion or 1.5x Net Income • Second Quarter Earnings of $4.54 Per Share Reflect Classification of Remaining South American Operations as Held for Sale and Cyberattack Impacts • Adjusted Earnings of $6.80 Per Share Include $0.28 in Busine ...

NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of UnitedHealth Group Inc. (NYSE: UNH). Shareholders who purchased shares of UNH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/unitedhealth-group-inc-loss-submission-form/?id=90496&from=3  CLASS PERIOD: Ma ...

UnitedHealth Group is a dividend grower with an impressive earnings track record.UnitedHealth Group (UNH 1.42%) stock hasn't performed well this year so far, but there's a consolation prize for long-term investors. Every three months, UnitedHealth Group distributes a cash payout to anyone who's a shareholder of record on the ex-dividend date.That's great news for income-oriented investors, but it shouldn't be your sole focus. It's essential to conduct your due diligence on the company itself, especially sin ...

Core Viewpoint - A class action lawsuit has been filed against UnitedHealth Group Inc. for allegedly misleading investors regarding its business operations, particularly concerning anti-competitive behavior and data security practices [1][2]. Group 1: Lawsuit Details - The lawsuit covers all purchasers of UnitedHealth securities from March 14, 2022, to February 27, 2024, with a deadline for potential lead plaintiffs to file motions by July 15, 2024 [1][3]. - Allegations include that UnitedHealth assured investors of robust measures to prevent anti-competitive behavior and protect customer sensitive information (CSI) after its merger with Change Healthcare [2][3]. - The company claimed to have invested significant resources into safeguarding CSI and maintaining strict firewalls between its UnitedHealthcare and Optum divisions [2]. Group 2: Impact on Investors - Due to the alleged misrepresentations, UnitedHealth's stock traded at artificially inflated prices during the class period, leading to investor damages when the true details became public [2]. - Shareholders can participate in the class action without needing to take any action to be eligible for recovery, as representation is on a contingency fee basis [3].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased UnitedHealth Group Inc. common stock between March 14, 2022, and February 27, 2024, of the July 15, 2024, deadline to become a lead plaintiff in a class action lawsuit related to alleged misrepresentations by the company [1][2]. Group 1: Class Action Details - Investors who bought UnitedHealth common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court by July 15, 2024, to serve as lead plaintiff, representing other class members [2]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [3]. - The firm has consistently ranked among the top firms for securities class action settlements, recovering hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. Group 3: Allegations Against UnitedHealth - The lawsuit claims that UnitedHealth misled investors by assuring them of robust measures to prevent anti-competitive behavior and protect customer sensitive information (CSI) following its acquisition of Change Healthcare [4]. - UnitedHealth allegedly stated that it invested significant resources to safeguard CSI and maintain strict firewalls between its subsidiaries, leading to artificially inflated stock prices during the class period [4].