Meiji Yasuda Asset Management Co Ltd. buys $5.6 Million stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Meiji Yasuda Asset Management Co Ltd. scooped up 2,748 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 43,712 shares of UnitedHealth Group Inc which is valued at $5.6 Million.UnitedHealth Group Inc makes up approximately 1.28% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.

Other Hedge Funds, Including , Bradley Foster Sargent Incct boosted its stake in UNH in the latest quarter, The investment management firm added 2,100 additional shares and now holds a total of 11,152 shares of UnitedHealth Group Inc which is valued at $1.4 Million. UnitedHealth Group Inc makes up approx 0.07% of Bradley Foster Sargent Incct’s portfolio.Cg Asset Management boosted its stake in UNH in the latest quarter, The investment management firm added 6,230 additional shares and now holds a total of 18,355 shares of UnitedHealth Group Inc which is valued at $2.4 Million. UnitedHealth Group Inc makes up approx 0.95% of Cg Asset Management’s portfolio.Folger Nolan Fleming Douglas Capital Management Inc reduced its stake in UNH by selling 78 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 24,697 shares of UNH which is valued at $3.2 Million. UnitedHealth Group Inc makes up approx 0.57% of Folger Nolan Fleming Douglas Capital Management Inc’s portfolio.Manufacturers Life Insurance Company The reduced its stake in UNH by selling 111,169 shares or 8.49% in the most recent quarter. The Hedge Fund company now holds 1,198,204 shares of UNH which is valued at $154.6 Million. UnitedHealth Group Inc makes up approx 0.24% of Manufacturers Life Insurance Company The’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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