Meiji Yasuda Life Insurance Co buys $5.2 Million stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Meiji Yasuda Life Insurance Co scooped up 1,700 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 40,031 shares of UnitedHealth Group Inc which is valued at $5.2 Million.UnitedHealth Group Inc makes up approximately 0.82% of Meiji Yasuda Life Insurance Co’s portfolio.

Other Hedge Funds, Including , Standard Life Investments Ltd reduced its stake in UNH by selling 81,938 shares or 8.17% in the most recent quarter. The Hedge Fund company now holds 920,521 shares of UNH which is valued at $118.7 Million. UnitedHealth Group Inc makes up approx 0.54% of Standard Life Investments Ltd’s portfolio.Ballentine Partners boosted its stake in UNH in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 5,414 shares of UnitedHealth Group Inc which is valued at $698,406. UnitedHealth Group Inc makes up approx 0.06% of Ballentine Partners’s portfolio.California Public Employees Retirement System reduced its stake in UNH by selling 1,300 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 2,740,314 shares of UNH which is valued at $361.8 Million. UnitedHealth Group Inc makes up approx 0.57% of California Public Employees Retirement System’s portfolio.Russell Frank Co boosted its stake in UNH in the latest quarter, The investment management firm added 5,445 additional shares and now holds a total of 1,869,962 shares of UnitedHealth Group Inc which is valued at $246.2 Million. UnitedHealth Group Inc makes up approx 0.43% of Russell Frank Co’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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