UnitedHealth Group Incorporated (UNH)

US — Healthcare Sector
Peers: CI  HUM  ELV  CNC  MOH  CVS  ALHC 

Automate Your Wheel Strategy on UNH

With Tiblio's Option Bot, you can configure your own wheel strategy including UNH - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

  • symbol UNH
  • Rev/Share 462.8297
  • Book/Share 339.0912
  • PB 0.0
  • Debt/Equity 0.0
  • CurrentRatio 0.8458
  • ROIC 0.1313

 

  • MktCap 226385858400.0
  • FreeCF/Share 27.7703
  • PFCF 8.9583
  • PE 10.664
  • Debt/Assets 0.0185
  • DivYield 0.0341
  • ROE 0.3018

 

  • Rating B-
  • Score 3
  • Recommendation Neutral
  • P/E Score 3
  • DCF Score 5
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade UNH Robert W. Baird Neutral Underperform -- $198 July 31, 2025
Reiterated UNH Oppenheimer -- Outperform $400 $325 July 30, 2025
Downgrade UNH Robert W. Baird Outperform Neutral -- $312 June 11, 2025
Downgrade UNH HSBC Securities Hold Reduce -- $270 May 21, 2025
Downgrade UNH TD Cowen Buy Hold -- $308 May 19, 2025
Downgrade UNH Raymond James Strong Buy Market Perform -- -- May 14, 2025
Downgrade UNH BofA Securities Buy Neutral -- $350 May 14, 2025
Downgrade UNH HSBC Securities Buy Hold -- $490 April 22, 2025
Downgrade UNH Argus Buy Hold -- -- April 21, 2025
Upgrade UNH HSBC Securities Hold Buy -- $595 Jan. 10, 2025

News

How Does UnitedHealth Group Make Money?
UNH
Published: May 28, 2025 by: Forbes
Sentiment: Negative

UnitedHealth Group stock (NYSE: UNH) has recently faced significant scrutiny, with its stock experiencing a decline of over 50% since April. While the reasons for this drop are explored in more detail here – What Sparked UNH Stock Crash?

Read More
image for news How Does UnitedHealth Group Make Money?
UnitedHealth: A Phoenix Rises From The Ashes
UNH
Published: May 27, 2025 by: Seeking Alpha
Sentiment: Negative

UnitedHealth has faced chaos from poor earnings, leadership changes, and relentless negative headlines, taking shares down over 60% from highs. Despite the turmoil, significant insider buying—including a $25 million purchase by Stephen Hemsley—signals strong internal confidence in the company's future. The stock now trades at a historically low valuation, with a nearly 3% dividend yield and potential for EPS recovery to $25-$27 in 2026.

Read More
image for news UnitedHealth: A Phoenix Rises From The Ashes
Class Action Filed Against UnitedHealth Group Incorporated (UNH) Over Securities Violations - Contact Levi & Korsinsky Today
UNH
Published: May 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 27, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150408&wire=1&utm_campaign=29 or contact Joseph E. Levi, Esq.

Read More
image for news Class Action Filed Against UnitedHealth Group Incorporated (UNH) Over Securities Violations - Contact Levi & Korsinsky Today
UnitedHealth Group (UNH) Shares Crater Again on WSJ Report of DOJ Criminal Investigation; Securities Class Action Pending – Hagens Berman
UNH
Published: May 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

SAN FRANCISCO, May 27, 2025 (GLOBE NEWSWIRE) -- On May 15, 2025, investors in UnitedHealth Group (NYSE: UNH) saw the price of their shares crater as much as $59.13 (-19%) after The Wall Street Journal reported that the company is under criminal investigation for possible Medicare fraud. This latest development comes on the heels of the filing of a securities class action suit against UnitedHealth, and just one day after its CEO Andrew Witty stepped down and the company pulled its 2025 guidance which the company issued less than one month ago.

Read More
image for news UnitedHealth Group (UNH) Shares Crater Again on WSJ Report of DOJ Criminal Investigation; Securities Class Action Pending – Hagens Berman
Lost Money on UnitedHealth Group Incorporated (UNH)? Contact Levi & Korsinsky Before July 7, 2025 to Join Class Action
UNH
Published: May 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 27, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150394&wire=1&utm_campaign=12 or contact Joseph E. Levi, Esq.

Read More
image for news Lost Money on UnitedHealth Group Incorporated (UNH)? Contact Levi & Korsinsky Before July 7, 2025 to Join Class Action
Securities Lawsuit Alert: UnitedHealth Group Incorporated (UNH) Investors - Contact Levi & Korsinsky Before July 7, 2025
UNH
Published: May 27, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 27, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150367&wire=1&utm_campaign=2 or contact Joseph E. Levi, Esq.

Read More
image for news Securities Lawsuit Alert: UnitedHealth Group Incorporated (UNH) Investors - Contact Levi & Korsinsky Before July 7, 2025
UnitedHealth Group Incorporated (UNH) Class Action Lawsuit: Levi & Korsinsky Reminds Investors of July 7, 2025 Deadline
UNH
Published: May 26, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 26, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150227&wire=1&utm_campaign=1 or contact Joseph E. Levi, Esq.

Read More
image for news UnitedHealth Group Incorporated (UNH) Class Action Lawsuit: Levi & Korsinsky Reminds Investors of July 7, 2025 Deadline
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in UnitedHealth Group Incorporated of Class Action Lawsuit and Upcoming Deadlines - UNH
UNH
Published: May 26, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , May 26, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against UnitedHealth Group Incorporated ("UnitedHealth" or the "Company") (NYSE: UNH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in UnitedHealth Group Incorporated of Class Action Lawsuit and Upcoming Deadlines - UNH
UnitedHealth: No News Is Good News
UNH
Published: May 26, 2025 by: Seeking Alpha
Sentiment: Neutral

UnitedHealth Group stock's selloff can be explained by three factors: higher medical costs, uncertainty around the CFO resignation, and most importantly, higher risk premium for UNH's specific risk. The UnitedHealthcare segment's margin is expected to decline to a new low in 2Q FY2025 and remain under pressure for the rest of the year. The DOJ's silence in recent weeks may suggest that no major red flags have been confirmed, which could help ease overly bearish sentiment on the stock.

Read More
image for news UnitedHealth: No News Is Good News
Shareholders of UnitedHealth Group Incorporated (UNH): Protect Your Rights Before July 7, 2025 - Contact Levi & Korsinsky
UNH
Published: May 26, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 26, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150188&wire=1&utm_campaign=21 or contact Joseph E. Levi, Esq.

Read More
image for news Shareholders of UnitedHealth Group Incorporated (UNH): Protect Your Rights Before July 7, 2025 - Contact Levi & Korsinsky
Will UNH Stock Rebound?
UNH
Published: May 26, 2025 by: Forbes
Sentiment: Negative

Since April 11, 2025, UnitedHealth Group (NYSE: UNH) has undergone a prolonged and concerning decrease, culminating in a sharp 5.71% drop on May 21, finishing at $302.98. This represents one of the steepest daily selloffs in the stock's history and brings UNH to levels not seen in five years.

Read More
image for news Will UNH Stock Rebound?
UNH SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that UnitedHealth Group Incorporated Shareholders Have Opportunity to Lead Class Action Lawsuit!
UNH
Published: May 26, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK CITY, NY / ACCESS Newswire / May 26, 2025 / Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against UnitedHealth Group Incorporated ("UnitedHealth" or "the Company") (NYSE:UNH) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired UnitedHealth securities between September 22, 2021 and April 16, 2025, both dates inclusive (the "Class Period").

Read More
image for news UNH SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that UnitedHealth Group Incorporated Shareholders Have Opportunity to Lead Class Action Lawsuit!
S&P 500 Earnings: Q2, Q3 '25 EPS Revisions, And A Look At Apple And UnitedHealth's Revisions
AAPL, IVV, SPLG, SPXL, SPY, SSO, UNH, UPRO, VOO
Published: May 26, 2025 by: Seeking Alpha
Sentiment: Neutral

Jamie Dimon said this week he is expecting a 0% S&P 500 expected EPS growth rate for Q2 '25 by the time reporting starts in July '25. He may not be wrong, but the way the “tariff” discussion has evolved, for the expected +10% S&P 500 EPS growth rate for Q2 '25 to fall all the way to 0% by early July '25 would be pretty extreme indeed. The second quarter has seen more severe revisions than the third quarter, but some of that “severity” is partially due to the Q2 '25 quarter being next to report, and historically, the …

Read More
image for news S&P 500 Earnings: Q2, Q3 '25 EPS Revisions, And A Look At Apple And UnitedHealth's Revisions
Securities Fraud Class Action Filed Against UnitedHealth Group Incorporated (UNH) - Levi & Korsinsky Reminds Investors of July 7, 2025
UNH
Published: May 23, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 23, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=150011&wire=1&utm_campaign=27 or contact Joseph E. Levi, Esq.

Read More
image for news Securities Fraud Class Action Filed Against UnitedHealth Group Incorporated (UNH) - Levi & Korsinsky Reminds Investors of July 7, 2025
UnitedHealth Group (UNH) Shares Crater Again on WSJ Report of DOJ Criminal Investigation; Securities Class Action Pending – Hagens Berman
UNH
Published: May 23, 2025 by: GlobeNewsWire
Sentiment: Neutral

UNH Investors with Substantial Losses Encouraged to Contact Hagens Berman UNH Investors with Substantial Losses Encouraged to Contact Hagens Berman

Read More
image for news UnitedHealth Group (UNH) Shares Crater Again on WSJ Report of DOJ Criminal Investigation; Securities Class Action Pending – Hagens Berman
UnitedHealth vs. Elevance: Which Healthcare Stock Has More Upside?
ELV, UNH
Published: May 23, 2025 by: Zacks Investment Research
Sentiment: Positive

ELV outpaces UNH with stronger earnings, leaner costs and clearer guidance, making it the healthcare stock with more upside right now.

Read More
image for news UnitedHealth vs. Elevance: Which Healthcare Stock Has More Upside?
UNH ALERT: Levi & Korsinsky Files Securities Fraud Class Action Against UnitedHealth Group Incorporated - July 7, 2025 Deadline
UNH
Published: May 23, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 23, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=149995&wire=1&utm_campaign=26 or contact Joseph E. Levi, Esq.

Read More
image for news UNH ALERT: Levi & Korsinsky Files Securities Fraud Class Action Against UnitedHealth Group Incorporated - July 7, 2025 Deadline
UNH Investors Have the Opportunity to Lead the UnitedHealth Group Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
UNH
Published: May 23, 2025 by: Accesswire
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In UnitedHealth To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in UnitedHealth between December 3, 2024 and May 12, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). NEW YORK CITY, NY / ACCESS Newswire / May 23, 2025 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against UnitedHealth Group Incorporated ("UnitedHealth" or the "Company") (NYSE:UNH) …

Read More
image for news UNH Investors Have the Opportunity to Lead the UnitedHealth Group Securities Fraud Lawsuit with Faruqi & Faruqi, LLP
Wall Street Analysts Think UnitedHealth (UNH) Is a Good Investment: Is It?
UNH
Published: May 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Read More
image for news Wall Street Analysts Think UnitedHealth (UNH) Is a Good Investment: Is It?
UnitedHealth's rocky 2025: NYU Langone's Art Caplan on the challenges facing the company
UNH
Published: May 23, 2025 by: CNBC Television
Sentiment: Negative

Arthur Caplan, NYU Langone Medical Center head of the medical ethics division, joins 'Squawk Box' to discuss the troubles facing UnitedHealthcare, what's next for the company, and more.

Read More
image for news UnitedHealth's rocky 2025: NYU Langone's Art Caplan on the challenges facing the company
These 3 Dividend Stocks Could Double - And Pay You Every Step Of The Way
ARIS, BCC, UNH
Published: May 23, 2025 by: Seeking Alpha
Sentiment: Positive

Long-term stock investing works. Historically, holding for 20+ years has never led to losses. I want more than just average returns, so I aim higher. I avoid ETFs and prefer concentrated bets in sectors I know well. My focus is on high-conviction picks I believe can double far faster than the market. In this article, I'm sharing three dividend stocks that are higher-risk, higher-reward. Even if I'm wrong, I believe they're still solid long-term investments.

Read More
image for news These 3 Dividend Stocks Could Double - And Pay You Every Step Of The Way
Class Action Lawsuit Filed: UnitedHealth Group Incorporated (UNH) - Join by July 7, 2025 - Contact Levi & Korsinsky
UNH
Published: May 23, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 23, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=149886&wire=1&utm_campaign=8 or contact Joseph E. Levi, Esq.

Read More
image for news Class Action Lawsuit Filed: UnitedHealth Group Incorporated (UNH) - Join by July 7, 2025 - Contact Levi & Korsinsky
Levi & Korsinsky Urges UnitedHealth Group Incorporated (UNH) Shareholders to Act Before Lead Plaintiff Deadline July 7, 2025
UNH
Published: May 22, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 22, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=149863&wire=1&utm_campaign=19 or contact Joseph E. Levi, Esq.

Read More
image for news Levi & Korsinsky Urges UnitedHealth Group Incorporated (UNH) Shareholders to Act Before Lead Plaintiff Deadline July 7, 2025
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages UnitedHealth Group Incorporated Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm– UNH
UNH
Published: May 22, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of UnitedHealth Group Incorporated (NYSE: UNH) between December 3, 2024 and May 12, 2025, both dates inclusive (the “Class Period”), of the important July 7, 2025 lead plaintiff deadline in the securities class action commenced by the firm.

Read More
image for news ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages UnitedHealth Group Incorporated Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm– UNH
UNH LAWSUIT ALERT: Levi & Korsinsky Notifies UnitedHealth Group Incorporated Investors - Lead Plaintiff Deadline July 7, 2025
UNH
Published: May 22, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 22, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=149833&wire=1&utm_campaign=7 or contact Joseph E. Levi, Esq.

Read More
image for news UNH LAWSUIT ALERT: Levi & Korsinsky Notifies UnitedHealth Group Incorporated Investors - Lead Plaintiff Deadline July 7, 2025
Investor Alert: Deadline Approaching to Join UnitedHealth Group Incorporated (UNH) Class Action - Contact Levi & Korsinsky
UNH
Published: May 22, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 22, 2025 / If you suffered a loss on your UnitedHealth Group Incorporated (NYSE:UNH) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/unitedhealth-group-incorporated-lawsuit-submission-form?prid=149795&wire=1&utm_campaign=25 or contact Joseph E. Levi, Esq.

Read More
image for news Investor Alert: Deadline Approaching to Join UnitedHealth Group Incorporated (UNH) Class Action - Contact Levi & Korsinsky
UnitedHealth takes another gut punch from government, as CMS boosts audit team
UNH
Published: May 22, 2025 by: Market Watch
Sentiment: Negative

UnitedHealth investors have another bitter pill to swallow, as the CMS said it was aggressively growing its audit team to suss out “fraud, waste and abuse.”

Read More
image for news UnitedHealth takes another gut punch from government, as CMS boosts audit team
UnitedHealth Group Incorporated (UNH) is Attracting Investor Attention: Here is What You Should Know
UNH
Published: May 22, 2025 by: Zacks Investment Research
Sentiment: Positive

UnitedHealth (UNH) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Read More
image for news UnitedHealth Group Incorporated (UNH) is Attracting Investor Attention: Here is What You Should Know
How UnitedHealthcare became the face of America's health insurance frustrations
UNH
Published: May 22, 2025 by: CNBC
Sentiment: Negative

UnitedHealthcare has become the poster child for problems with the U.S. insurance industry and the nation's sprawling health-care system. Some health insurance and policy experts say it's no surprise that the company often ends up in the crosshairs of public and political scrutiny, as it's the nation's largest insurer.

Read More
image for news How UnitedHealthcare became the face of America's health insurance frustrations
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in UnitedHealth Group Incorporated of Class Action Lawsuit and Upcoming Deadlines - UNH
UNH
Published: May 22, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, May 22, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against UnitedHealth Group Incorporated (“UnitedHealth” or the “Company”) (NYSE: UNH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.

Read More
image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in UnitedHealth Group Incorporated of Class Action Lawsuit and Upcoming Deadlines - UNH

About UnitedHealth Group Incorporated (UNH)

  • IPO Date 1984-10-17
  • Website https://www.unitedhealthgroup.com
  • Industry Medical - Healthcare Plans
  • CEO Stephen J. Hemsley
  • Employees 400000

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services. The OptumHealth segment provides access to networks of care provider specialists, health management services, care delivery, consumer engagement, and financial services. This segment serves individuals directly through care delivery systems, employers, payers, and government entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and compounding pharmacy, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.