Campbell Newman Asset Management Inc buys $19,155,016 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Campbell Newman Asset Management Inc scooped up 6,399 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 150,436 shares of UnitedHealth Group Inc which is valued at $19,155,016.UnitedHealth Group Inc makes up approximately 3.93% of Campbell Newman Asset Management Inc’s portfolio.

UnitedHealth Group Inc opened for trading at $126.88 and hit $128.03 on the upside on Monday, eventually ending the session at $127.81, with a gain of 0.38% or 0.48 points. The heightened volatility saw the trading volume jump to 27,17,440 shares. Company has a market cap of $121,506 M.

Other Hedge Funds, Including , Cedar Hill Associates boosted its stake in UNH in the latest quarter, The investment management firm added 752 additional shares and now holds a total of 119,063 shares of UnitedHealth Group Inc which is valued at $15,160,292. UnitedHealth Group Inc makes up approx 2.61% of Cedar Hill Associates’s portfolio.Churchill Management Corp reduced its stake in UNH by selling 3,617 shares or 9.9% in the most recent quarter. The Hedge Fund company now holds 32,905 shares of UNH which is valued at $4,189,794. UnitedHealth Group Inc makes up approx 0.29% of Churchill Management Corp’s portfolio.Independent Portfolio Consultants reduced its stake in UNH by selling 255 shares or 56.04% in the most recent quarter. The Hedge Fund company now holds 200 shares of UNH which is valued at $25,466. UnitedHealth Group Inc makes up approx 0.01% of Independent Portfolio Consultants’s portfolio.E&g Advisors Lp reduced its stake in UNH by selling 25 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 22,850 shares of UNH which is valued at $2,909,491. UnitedHealth Group Inc makes up approx 1.89% of E&g Advisors Lp’s portfolio.Catawba Capital Management Va boosted its stake in UNH in the latest quarter, The investment management firm added 1,170 additional shares and now holds a total of 3,175 shares of UnitedHealth Group Inc which is valued at $401,098. UnitedHealth Group Inc makes up approx 0.10% of Catawba Capital Management Va’s portfolio.

On the company’s financial health, UnitedHealth Group Inc reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $1.72. The company had revenue of $44527.00 million for the quarter, compared to analysts expectations of $44278.96 million. The company’s revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. Company shares were Reiterated by FBR Capital on Apr 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 145 from a previous price target of $130 .Company shares were Reiterated by Mizuho on Mar 15, 2016 to “Buy”, Firm has raised the Price Target to $ 150 from a previous price target of $131 .

UnitedHealth Group Incorporated is a health and well-being company. The Company’s business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace including payers care providers employers Governments life sciences companies and consumers. The Company’s business platforms have four segments: UnitedHealthcare OptumHealth OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual UnitedHealthcare Medicare & Retirement UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical emotional and financial needs of individuals. OptumInsight provides technology operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

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