Rail-splitter Capital Management buys $17,589,709 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Rail-splitter Capital Management scooped up 83,915 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 2, 2016. The investment management firm now holds a total of 133,215 shares of UnitedHealth Group Inc which is valued at $17,589,709.UnitedHealth Group Inc makes up approximately 4.44% of Rail-splitter Capital Management’s portfolio.

UnitedHealth Group Inc closed down -0.27 points or -0.20% at $132.04 with 26,18,614 shares getting traded on Friday. Post opening the session at $132.09, the shares hit an intraday low of $130.6 and an intraday high of $132.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Cape Cod Five Cents Savings Bank reduced its stake in UNH by selling 564 shares or 19.23% in the most recent quarter. The Hedge Fund company now holds 2,369 shares of UNH which is valued at $311,950. UnitedHealth Group Inc makes up approx 0.06% of Cape Cod Five Cents Savings Bank’s portfolio. Punch Associates Investment Management sold out all of its stake in UNH during the most recent quarter. The investment firm sold 20 shares of UNH which is valued $2,634.Asymmetry Capital Management reduced its stake in UNH by selling 17,786 shares or 49.84% in the most recent quarter. The Hedge Fund company now holds 17,900 shares of UNH which is valued at $2,400,927. UnitedHealth Group Inc makes up approx 5.67% of Asymmetry Capital Management’s portfolio. Fisher Asset Management added UNH to its portfolio by purchasing 2,835 company shares during the most recent quarter which is valued at $380,259.

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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