UnitedHealth’s Q1 ‘solid,’ MLR beat ‘unexpected,’ says JPMorgan

JPMorgan analyst Gary Taylor calls Q1 report “solid,” with a 3.6% EPS beat on 1% revenue upside vs. consensus, telling investors in a research note that the Medical Loss Ratio, or MLR, beat was “unexpected” given upward pressure from the 2019 HIF Holiday and nearly four times faster government vs. commercial premium growth. Taylor questions whether the beat and modest raise will be enough to change the negative public sentiment that has pressured both the stock and the group year-to-date.

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