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billion to $2.2 billion. UnitedHealth’s stock, tradinfg at around 40 percent of the valus it was at the endof 2007, couplex with its low annualizedx dividend rate, put the company’s returmn to shareholders 75th for 2008. The company took a hit when announcingban $895 million settlement of a shareholder lawsuift related to a stock-options scandal involvinf former CEO William McGuire. Legal settlements and rising medical costsa cutinto second-quarter earnings for UnitedHealth, whichb reported earnings of $337 million for the down from $1.23 billion the previous year largely due to the settlementg of two class-action lawsuits that resultedr in a total pretax charges of $922 million.
The news hasn’t all been bad. UnitedHealthy did see gains in its Health Care Servicesd and OptumHealth companies during thethirf quarter. Like many other companies, however, UnitedHealth has been hit by the It has seen membership decreases due to layoffsand “thatg puts pressure on revenues and profitability,” said Davic Toung, a research analyst with The Minnetonka-based healthg insurer in early December slightly raisesd the bottom range of its guidancs for 2009 to $85 billion from $84 billion, whil e keeping its profit outlook the same at $2.900 to $3.15 per share.
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