The chief executive of UnitedHealth Group‘s (UNH) insurance division was fatally shot Wednesday morning in New York City, according to news reports. UNH cut short its investor-day conference, citing a medical situation, as the news emerged.
The New York Post reported that Brian Thompson, CEO of the UnitedHealthcare division, was fatally shot outside of his hotel in midtown Manhattan at 6:46 a.m. by a masked man. The killing is being investigated as a possible targeted attack.
↑
X
Aggression At Regression Pays Off: SwingTrader Status Update
Despite the tragedy, UNH stock rose slightly. The company introduced its 2025 outlook late Tuesday and updated its 2024 earnings outlook ahead of the investor day.
Thompson has been CEO of UnitedHealthcare since April 2021, overseeing more than 100,000 employees. Previously, he led UNH’s government programs business.
UNH said 2024 adjusted earnings per share will range from $27.50 to $27.75, with the midpoint just above the $27.61 FactSet consensus. For 2025, adjusted EPS will range from $29.50 to $30, compared to an analyst consensus of $29.92. Next year’s revenue should range from $450 billion to $455 billion. Analysts were expecting about $432 billion.
UnitedHealth stock rose 0.8% to 610.20, though off early highs of 622.83 soon after the open.
YOU MAY ALSO LIKE:
Why This IBD Tool Simplifies The Search For Top Stocks
Catch The Next Big Winning Stock With MarketSurge
Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader
Best Growth Stocks To Buy And Watch
IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today
