U.S. Markets open in 7 hrs 56 mins

Jeff Auxier Comments on UnitedHealth Group

- By Holly LaFon

UnitedHealth Group (UNH)'s stock price has corrected mostly due to a push for Medicare-for-All by presidential candidate Bernie Sanders. The company has been successful with the use of data analytics and scale to serve clients at a lower cost than rivals. This has resulted in strong enrollment growth and industry leading returns on capital. They have been a leader in product innovation as well. UnitedHealthcare grew in the first quarter to now serve over 2 million people while Optum continues its strong performance with double-digit revenue and earnings growth. UnitedHealth had over $13 billion in free cash flow in 2018.

From Jeff Auxier (Trades, Portfolio)'s first-quarter 2019 Auxier Focus Fund shareholder letter.
This article first appeared on GuruFocus.