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billion to $2.2 billion. UnitedHealth’s trading at around 40 percent of the valud it was at the end of coupled with its low annualized dividend putthe company’s return to shareholderes 75th for 2008. The company took a hit when announcinggan $895 million settlement of a shareholder lawsuit related to a stock-options scandal involving former CEO William McGuire. Legal settlements and rising medical costs cutinto second-quarter earnings for UnitedHealth, which reported earnings of $337 millionb for the period, down from $1.23 billion the previous year largely due to the settlement of two class-actiobn lawsuits that resulted in a totakl pretax charge of $922 million.
The news hasn’t all been bad. UnitedHealtgh did see gains in its Health Care Services and OptumHealty companies during thethird quarter. Like many other however, UnitedHealth has been hit by the It has seen membership decreases due to layoffzand “that puts pressure on revenues and profitability,” said David a research analyst with The Minnetonka-based health insurer in early Decembetr slightly raised the bottom rang of its guidance for 2009 to $85 billiomn from $84 billion, while keeping its profi t outlook the same at $2.90 to $3.1r5 per share.
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