Forester Capital Management Ltd Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Forester Capital Management Ltd reduced its stake in UnitedHealth Group Inc by 13.16% during the most recent quarter end. The investment management company now holds a total of 34,748 shares of UnitedHealth Group Inc which is valued at $4.5 Million after selling 5,265 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.UnitedHealth Group Inc makes up approximately 4.16% of Forester Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Vantage Investment Advisors boosted its stake in UNH in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 4,018 shares of UnitedHealth Group Inc which is valued at $518,322. UnitedHealth Group Inc makes up approx 0.23% of Vantage Investment Advisors’s portfolio.Meiji Yasuda Asset Management Co Ltd. boosted its stake in UNH in the latest quarter, The investment management firm added 2,748 additional shares and now holds a total of 43,712 shares of UnitedHealth Group Inc which is valued at $5.6 Million. UnitedHealth Group Inc makes up approx 1.28% of Meiji Yasuda Asset Management Co Ltd.’s portfolio. Aspiriant added UNH to its portfolio by purchasing 2,735 company shares during the most recent quarter which is valued at $352,815. UnitedHealth Group Inc makes up approx 0.03% of Aspiriant’s portfolio. Archford Capital Strategies sold out all of its stake in UNH during the most recent quarter. The investment firm sold 800 shares of UNH which is valued $103,200.Jennison Associates reduced its stake in UNH by selling 8,016 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 777,518 shares of UNH which is valued at $102.7 Million. UnitedHealth Group Inc makes up approx 0.11% of Jennison Associates’s portfolio.

UnitedHealth Group Inc opened for trading at $133.21 and hit $134.3 on the upside on Wednesday, eventually ending the session at $133.42, with a gain of 0.63% or 0.83 points. The heightened volatility saw the trading volume jump to 22,11,337 shares. Company has a market cap of $126,856 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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