UnitedHealth stock price, today’s stock crash. Another big blow to the company after the murder of insurance unit head Brian Thompson

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UnitedHealth stock price, today’s stock crash. Another big blow to the company after the murder of insurance unit head Brian Thompson

The company’s shares fell Thursday after the company reported adjusted earnings per share of $7.20, below expectations of $7.29 per share. By noon, the stock price fell nearly 23%.

The CEO of UnitedHealth Group said it was an “unusual and unacceptable quarterly earnings loss”, which surprised investors and it lowered the outlook for a full year due to exceeding expectations of medical expenses, selling over 20% of the sell-offs in stocks reverberating across the industry.

The company’s first loss of earnings since 2008 and the accompanying miserable forecasts send investors to exports as they hope U.S. insurers will maintain expected profit outlooks with similar demand for healthcare services than they would in 2024.

Insufficient health insurance inventory

UnitedHealth Group now expects adjusted profit per share to be between $2025 and $26.50 per share, compared with a previous forecast of $29.50 to $30 per share. Analysts expect earnings per share in 2025 to be $29.73, according to LSEG data.

Insurers’ shares rose nearly 12% in the 10 days before Thursday’s results. Industry peers Elevated, CVS Health, Cigna, Centene and Humana fell 1% to 6%. The Elevated Report reported its quarterly results on April 22.
In the second half of last year, health insurance stocks were hurt by payments from lower governments, higher medical expenses and open opposition to the department.
Thompson’s fatal shooting also unleashed a storm of social media dissatisfaction with patients and anger at the practices of the health insurance industry, which exacerbates the company’s plight. But despite the escalation of tariffs on President Donald Trump, insurers’ stocks have performed better in the past few months.