Park Avenue Securities buys $293,525 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Park Avenue Securities scooped up 161 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 2,223 shares of UnitedHealth Group Inc which is valued at $293,525.UnitedHealth Group Inc makes up approximately 0.06% of Park Avenue Securities’s portfolio.

UnitedHealth Group Inc closed down -0.27 points or -0.20% at $132.04 with 26,18,614 shares getting traded on Friday. Post opening the session at $132.09, the shares hit an intraday low of $130.6 and an intraday high of $132.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Parkwood reduced its stake in UNH by selling 2,793 shares or 52.61% in the most recent quarter. The Hedge Fund company now holds 2,516 shares of UNH which is valued at $332,213. UnitedHealth Group Inc makes up approx 0.06% of Parkwood’s portfolio. Kames Capital Plc added UNH to its portfolio by purchasing 14,623 company shares during the most recent quarter which is valued at $1,925,557. UnitedHealth Group Inc makes up approx 0.06% of Kames Capital Plc’s portfolio.Boys Arnold Co Inc reduced its stake in UNH by selling 11,990 shares or 65.79% in the most recent quarter. The Hedge Fund company now holds 6,236 shares of UNH which is valued at $821,156. UnitedHealth Group Inc makes up approx 0.32% of Boys Arnold Co Inc’s portfolio.Redwood Investments boosted its stake in UNH in the latest quarter, The investment management firm added 1,373 additional shares and now holds a total of 172,699 shares of UnitedHealth Group Inc which is valued at $23,164,117. UnitedHealth Group Inc makes up approx 2.27% of Redwood Investments’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 Mizuho on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 156 from a previous price target of $150 .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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