Ubs Asset Management Americas Inc buys $570.8 Million stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Ubs Asset Management Americas Inc scooped up 508,995 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 12, 2016. The investment management firm now holds a total of 4,424,657 shares of UnitedHealth Group Inc which is valued at $570.8 Million.UnitedHealth Group Inc makes up approximately 0.68% of Ubs Asset Management Americas Inc’s portfolio.

Other Hedge Funds, Including , Guardian Capital Lp boosted its stake in UNH in the latest quarter, The investment management firm added 19,113 additional shares and now holds a total of 49,635 shares of UnitedHealth Group Inc which is valued at $6.4 Million. UnitedHealth Group Inc makes up approx 0.11% of Guardian Capital Lp’s portfolio.Jefferies Group reduced its stake in UNH by selling 67,717 shares or 94.65% in the most recent quarter. The Hedge Fund company now holds 3,826 shares of UNH which is valued at $493,554. UnitedHealth Group Inc makes up approx 0.02% of Jefferies Group’s portfolio.Norges Bank boosted its stake in UNH in the latest quarter, The investment management firm added 691,687 additional shares and now holds a total of 9,129,005 shares of UnitedHealth Group Inc which is valued at $1,177.6 Million. UnitedHealth Group Inc makes up approx 0.59% of Norges Bank’s portfolio.Winton Capital Group Ltd reduced its stake in UNH by selling 112,452 shares or 29.83% in the most recent quarter. The Hedge Fund company now holds 264,543 shares of UNH which is valued at $34.9 Million. UnitedHealth Group Inc makes up approx 0.39% of Winton Capital Group Ltd’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in UNH in the latest quarter, The investment management firm added 13,899 additional shares and now holds a total of 152,059 shares of UnitedHealth Group Inc which is valued at $20.1 Million. UnitedHealth Group Inc makes up approx 0.54% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

UnitedHealth Group Inc opened for trading at $130.63 and hit $131.79 on the upside on Friday, eventually ending the session at $130.94, with a gain of 0.72% or 0.94 points. The heightened volatility saw the trading volume jump to 25,38,163 shares. Company has a market cap of $124,498 M.

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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