UnitedHealth tops list of best healthcare stocks for 2021

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UnitedHealth Group topped the list of the best healthcare stocks for the rest of 2021, Kiplinger reported July 13.

In its 2020 sustainability report, published last month, the payer said it was committed to providing preventive care services to 85 percent of its 49.5 million members, an increase from 78 percent in 2019. These services include routine wellness visits, cancer screenings and vaccinations.

"By providing these services, UNH expects to lower the overall healthcare costs of its members, delivering better outcomes and profits as a result," the article said.

UnitedHealth Group's revenue grew to $70.2 billion in the three months ended March 31, compared to $64.4 billion in the same period last year. 

The company also had adjusted earnings per share of $5.31 during the first quarter, an increase of 42.7 percent from the year earlier, Kiplinger reported.

The payer hit an all-time high on May 10, when its shares closed at $420.89.

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