Sumitomo Life Insurance Co Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Sumitomo Life Insurance Co reduced its stake in UnitedHealth Group Inc by 13.45% during the most recent quarter end. The investment management company now holds a total of 45,051 shares of UnitedHealth Group Inc which is valued at $6,340,928 after selling 7,003 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.UnitedHealth Group Inc makes up approximately 0.84% of Sumitomo Life Insurance Co’s portfolio.

Other Hedge Funds, Including , Regent Investment Management reduced its stake in UNH by selling 100 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 11,614 shares of UNH which is valued at $1,634,671. UnitedHealth Group Inc makes up approx 0.85% of Regent Investment Management’s portfolio.Douglass Winthrop Advisors reduced its stake in UNH by selling 1,278 shares or 22.06% in the most recent quarter. The Hedge Fund company now holds 4,516 shares of UNH which is valued at $638,924. UnitedHealth Group Inc makes up approx 0.05% of Douglass Winthrop Advisors’s portfolio.Davenport Co boosted its stake in UNH in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 11,268 shares of UnitedHealth Group Inc which is valued at $1,594,197. UnitedHealth Group Inc makes up approx 0.02% of Davenport Co’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in UNH in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 7,847 shares of UnitedHealth Group Inc which is valued at $1,110,821. UnitedHealth Group Inc makes up approx 0.22% of First Financial Bank N.a. – Trust Division’s portfolio.

UnitedHealth Group Inc closed down -0.58 points or -0.41% at $140.75 with 41,66,290 shares getting traded on Monday. Post opening the session at $141.76, the shares hit an intraday low of $139.62 and an intraday high of $141.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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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