Yesterday they had the annual meeting. The shareholders re-elected the board.
Today or tommorrow the re-affirmed board will hold it's first meeting and reorganize.
Than they will handle new business, that new business will include setting the new dividend.
I hope they pop it 30% (to $2.60) as they have several years running.
We should know, one way or the other, in 48 hours..
Unh bought Catamaran last year, catamaran's biggest customer is Cigna.
Does any delay in the Cigna merger increase the length of time UNH holds the CI PBM business and, possibly, grow the chances of UNH garnering the total post merger PBM business of Cigna+Anthem?
I wonder if, by pulling out of the ACA exchanges, UNH is offering an olive branch to Anthem, an inducement to look at Optum as it's future PBM provider?
At the very least, UNH is providing Anthem with a competitive stick with which it can beat down the profit margins of express scripts.
If UNH won the Anthem business they would become the largest PBM provider, a stunning coup for a PBM which esentially didn't exist 10 years ago.
The other thing on the agenda is the dividend level, due to be reset in 4 weeks...
If the pop it 30%, yet again, that will bring in more dividend investors..
And let's not forget the buyback... If they gin it back up to a million shares a week, the share price is certain to form up nicely..
I like UNH, I think it is a well positioned, well managed company..