Veritas Investment Management Llp Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Veritas Investment Management Llp reduced its stake in UnitedHealth Group Inc by 0.74% during the most recent quarter end. The investment management company now holds a total of 446,865 shares of UnitedHealth Group Inc which is valued at $59,004,055 after selling 3,345 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on May 3, 2016.UnitedHealth Group Inc makes up approximately 11.65% of Veritas Investment Management Llp’s portfolio.

Other Hedge Funds, Including , British Airways Pensions Investment Management Ltd boosted its stake in UNH in the latest quarter, The investment management firm added 177,038 additional shares and now holds a total of 339,528 shares of UnitedHealth Group Inc which is valued at $44,831,277. UnitedHealth Group Inc makes up approx 1.39% of British Airways Pensions Investment Management Ltd’s portfolio.Nippon Life Insurance Co boosted its stake in UNH in the latest quarter, The investment management firm added 361 additional shares and now holds a total of 42,988 shares of UnitedHealth Group Inc which is valued at $5,676,136. UnitedHealth Group Inc makes up approx 0.14% of Nippon Life Insurance Co’s portfolio.Oppenheimer Co Inc reduced its stake in UNH by selling 17,892 shares or 23.33% in the most recent quarter. The Hedge Fund company now holds 58,814 shares of UNH which is valued at $7,744,628. UnitedHealth Group Inc makes up approx 0.23% of Oppenheimer Co Inc’s portfolio. Jfs Wealth Advisors added UNH to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $3,160.Eagle Ridge Investment Management boosted its stake in UNH in the latest quarter, The investment management firm added 553 additional shares and now holds a total of 76,849 shares of UnitedHealth Group Inc which is valued at $10,307,756. UnitedHealth Group Inc makes up approx 2.37% of Eagle Ridge Investment Management’s portfolio.

UnitedHealth Group Inc opened for trading at $132.92 and hit $133.6 on the upside on Tuesday, eventually ending the session at $133.57, with a gain of 0.68% or 0.9 points. The heightened volatility saw the trading volume jump to 22,23,552 shares. Company has a market cap of $126,999 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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