UnitedHealth Group Inc (UNH) : Provident Trust Co reduced its stake in UnitedHealth Group Inc by 2.63% during the most recent quarter end. The investment management company now holds a total of 991,139 shares of UnitedHealth Group Inc which is valued at $130,513,184 after selling 26,811 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.UnitedHealth Group Inc makes up approximately 7.15% of Provident Trust Co’s portfolio.
UnitedHealth Group Inc opened for trading at $132.61 and hit $132.93 on the upside on Monday, eventually ending the session at $132.1, with a gain of 0.32% or 0.42 points. The heightened volatility saw the trading volume jump to 28,87,782 shares. Company has a market cap of $125,584 M.
Other Hedge Funds, Including , Sigma Investment Counselors Inc reduced its stake in UNH by selling 1,164 shares or 3.41% in the most recent quarter. The Hedge Fund company now holds 32,954 shares of UNH which is valued at $4,339,383. UnitedHealth Group Inc makes up approx 0.76% of Sigma Investment Counselors Inc’s portfolio. Northside Capital Management added UNH to its portfolio by purchasing 5,298 company shares during the most recent quarter which is valued at $710,621. UnitedHealth Group Inc makes up approx 0.44% of Northside Capital Management’s portfolio.Bennicas Associates reduced its stake in UNH by selling 1,000 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 19,775 shares of UNH which is valued at $2,652,421. UnitedHealth Group Inc makes up approx 2.46% of Bennicas Associates’s portfolio. Naples Global Advisors added UNH to its portfolio by purchasing 2,617 company shares during the most recent quarter which is valued at $333,223. UnitedHealth Group Inc makes up approx 0.14% of Naples Global Advisors’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.