Hemsley, 72, had led the company for more than a decade until 2017 and is re-taking the reins following a series of setbacks.

Stephen Hemsley ran UnitedHealth Group for more than a decade. It's a different company after four years with Andrew Witty in charge.

UnitedHealth Group is giving its returning CEO Stephen Hemsley $60 million in equity, in addition to a $1 million annual salary. Why it matters: Hemsley stepped down from his role as CEO in 2017 after more than a decade,

UnitedHealth Group's stock has plunged nearly 50% due to the CEO resignation, withdrawal of guidance, and ongoing legal issues, creating a potential buying opportunity. The stock is deeply oversold with an RSI of 15, trading below both the 200-day and 50-day moving averages, indicating capitulation.

Former CEO and current chairman Stephen Hemsley is stepping back into the top job following the abrupt resignation of Andrew Witty, UnitedHealth said.

UnitedHealth's stock has plunged nearly 40% year-to-date as the company has battled a series of crises. Can the healthcare giant turn it around? Seeking Alpha analysts weigh in.