UnitedHealth Group stock trims gains on profit outlook increase

What happened: UnitedHealth Group ( UNH ) stock trimmed gains after jumping as much as 5% on Tuesday.

What's moving the stock: UnitedHealth Group raised its full-year profit forecast and posted third quarter earnings that beat Wall Street estimates.

The results signaled progress in the healthcare giant's turnaround plan following a challenging 2025.

The company raised its full-year adjusted earnings forecast for the third time this year, anticipating at least $20.50 a share, up from a range of $19.50 to $20, as lower-than-expected medical costs boost profits.

"Our third quarter results reflect the discipline and execution our teams are bringing to every part of our business," CEO Stephen Hemsley said in a company statement.

This price reflects trading activity during the overnight session on the Blue Ocean ATS, available 8 PM to 4 AM ET, Sunday through Thursday, when regular markets are closed.

What else you should know: UnitedHealth is undergoing a turnaround plan launched last year to combat falling profits, high medical costs, and regulatory headwinds.

Year to date, the stock is up 14%, recovering from a sharp sell-off in January , when the Trump administration proposed a lower-than-expected increase for 2027 Medicare Advantage plans.

Earlier this year, Berkshire Hathaway ( BRK-A , BRK-B ) disclosed that it no longer holds a position in the health insurer. Berkshire said it sold its entire stake of more than 5 million UnitedHealth shares.

Ines Ferre is a senior business reporter for Yahoo Finance.