Washington Trust Bank buys $3,846,373 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Washington Trust Bank scooped up 1,337 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 29,210 shares of UnitedHealth Group Inc which is valued at $3,846,373.UnitedHealth Group Inc makes up approximately 0.97% of Washington Trust Bank’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 , Provident Trust Co reduced its stake in UNH by selling 26,811 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 991,139 shares of UNH which is valued at $130,513,184. UnitedHealth Group Inc makes up approx 7.15% of Provident Trust Co’s portfolio.Private Capital Management Inc boosted its stake in UNH in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 8,200 shares of UnitedHealth Group Inc which is valued at $1,099,866. UnitedHealth Group Inc makes up approx 0.98% of Private Capital Management Inc’s portfolio.Gw Henssler Associates Ltd boosted its stake in UNH in the latest quarter, The investment management firm added 3,584 additional shares and now holds a total of 82,958 shares of UnitedHealth Group Inc which is valued at $11,127,157. UnitedHealth Group Inc makes up approx 1.29% of Gw Henssler Associates Ltd’s portfolio.Advisory Services Network boosted its stake in UNH in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 870 shares of UnitedHealth Group Inc which is valued at $116,693. UnitedHealth Group Inc makes up approx 0.03% of Advisory Services Network’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.

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