Iab Financial Bank buys $3,544,751 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Iab Financial Bank scooped up 367 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 24,785 shares of UnitedHealth Group Inc which is valued at $3,544,751.UnitedHealth Group Inc makes up approximately 2.18% of Iab Financial Bank’s portfolio.

Other Hedge Funds, Including , Anderson Hoagland Co added UNH to its portfolio by purchasing 14,023 company shares during the most recent quarter which is valued at $2,005,569. UnitedHealth Group Inc makes up approx 1.23% of Anderson Hoagland Co’s portfolio.Murphy Pohlad Asset Management reduced its stake in UNH by selling 200 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 13,714 shares of UNH which is valued at $1,940,257. UnitedHealth Group Inc makes up approx 1.40% of Murphy Pohlad Asset Management’s portfolio.Cue Financial Group reduced its stake in UNH by selling 1,047 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 10,744 shares of UNH which is valued at $1,520,061. UnitedHealth Group Inc makes up approx 1.27% of Cue Financial Group’s portfolio.

UnitedHealth Group Inc opened for trading at $143.47 and hit $144.48 on the upside on Wednesday, eventually ending the session at $143.02, with a gain of 0.30% or 0.43 points. The heightened volatility saw the trading volume jump to 54,89,808 shares. Company has a market cap of $135,984 M.

On the company’s financial health, UnitedHealth Group Inc reported $1.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $1.89. The company had revenue of $46485.00 million for the quarter, compared to analysts expectations of $45039.08 million. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS.

Many Wall Street Analysts have commented on UnitedHealth Group Inc. Company shares were Reiterated by RBC Capital Mkts on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 165 from a previous price target of $157 .Company shares were Reiterated by Mizuho on Jul 19, 2016 to “Buy”, Firm has raised the Price Target to $ 160 from a previous price target of $156 .UnitedHealth Group Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

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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