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Feb. 12, 2020, 11:04 a.m. EST

UnitedHealth surges toward record as Bernie Sanders's New Hampshire win is seen as bolstering Trump's re-election chances

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By Tomi Kilgore

Shares of health insurers surged in morning trading Wednesday, as the New Hampshire primary victory by Bernie Sanders, who proposes Medicare for All, was seen as bolstering the chances that Donald Trump will win re-election. UnitedHealth Group Inc.'s stock /zigman2/quotes/210453738/composite UNH -5.07% shot up $12.13, or 4.2%, to pace the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA -4.06% gainers, putting it on track for a record close. The price gain was adding about 82 points to the Dow, which was up 191 points. Among other insurers, shares of Cigna Corp. /zigman2/quotes/208431372/composite CI -4.87% rallied 4.0%, Anthem Inc. /zigman2/quotes/203808743/composite ANTM -5.39% hiked up 4.6%, Humana Inc. /zigman2/quotes/203095337/composite HUM -2.43% climbed 4.0% and Centene Corp. /zigman2/quotes/208900023/composite CNC -5.49% advanced 4.4%. On Tuesday, Raymond James analysts wrote that a Sanders nomination or a contested Democratic convention "increases the likelihood of a Trump victory, and potentially even an all-Republican government," which they said would be good for the broader stock market.

Read the full story:
Health insurer stocks surge as Bernie Sanders’ primary win seen boosting Trump’s chances

/zigman2/quotes/210453738/composite
US : U.S.: NYSE
$ 242.45
-12.94 -5.07%
Volume: 4.88M
March 27, 2020 6:30p
P/E Ratio
16.92
Dividend Yield
1.78%
Market Cap
$229.98 billion
Rev. per Employee
$754,157
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
21,636.78
-915.39 -4.06%
Volume: 591.33M
March 27, 2020 5:12p
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/zigman2/quotes/208431372/composite
US : U.S.: NYSE
$ 161.29
-8.25 -4.87%
Volume: 3.56M
March 27, 2020 6:30p
P/E Ratio
12.01
Dividend Yield
0.02%
Market Cap
$59.99 billion
Rev. per Employee
$658,753
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/zigman2/quotes/203808743/composite
US : U.S.: NYSE
$ 222.96
-12.71 -5.39%
Volume: 2.59M
March 27, 2020 6:30p
P/E Ratio
12.09
Dividend Yield
1.70%
Market Cap
$56.26 billion
Rev. per Employee
$1.44M
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/zigman2/quotes/203095337/composite
US : U.S.: NYSE
$ 297.07
-7.41 -2.43%
Volume: 1.92M
March 27, 2020 6:30p
P/E Ratio
14.80
Dividend Yield
0.84%
Market Cap
$39.25 billion
Rev. per Employee
$1.31M
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/zigman2/quotes/208900023/composite
US : U.S.: NYSE
$ 55.10
-3.20 -5.49%
Volume: 4.71M
March 27, 2020 6:30p
P/E Ratio
17.52
Dividend Yield
N/A
Market Cap
$32.33 billion
Rev. per Employee
$1.27M
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