Vontobel Asset Management Inc Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Vontobel Asset Management Inc reduced its stake in UnitedHealth Group Inc by 4.45% during the most recent quarter end. The investment management company now holds a total of 1,942,242 shares of UnitedHealth Group Inc which is valued at $274,788,398 after selling 90,521 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.UnitedHealth Group Inc makes up approximately 2.25% of Vontobel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Atria Investments boosted its stake in UNH in the latest quarter, The investment management firm added 678 additional shares and now holds a total of 9,947 shares of UnitedHealth Group Inc which is valued at $1,407,302. UnitedHealth Group Inc makes up approx 0.15% of Atria Investments’s portfolio.Community Trust Investment Co boosted its stake in UNH in the latest quarter, The investment management firm added 233 additional shares and now holds a total of 134,742 shares of UnitedHealth Group Inc which is valued at $19,063,298. UnitedHealth Group Inc makes up approx 2.37% of Community Trust Investment Co’s portfolio.Triangle Securities Wealth Management reduced its stake in UNH by selling 2,950 shares or 25.6% in the most recent quarter. The Hedge Fund company now holds 8,575 shares of UNH which is valued at $1,211,390. UnitedHealth Group Inc makes up approx 0.89% of Triangle Securities Wealth Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in UNH by selling 170,080 shares or 53.75% in the most recent quarter. The Hedge Fund company now holds 146,326 shares of UNH which is valued at $20,671,474. UnitedHealth Group Inc makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.

UnitedHealth Group Inc opened for trading at $141.65 and hit $142.78 on the upside on Friday, eventually ending the session at $141.33, with a gain of 0.35% or 0.49 points. The heightened volatility saw the trading volume jump to 37,48,675 shares. Company has a market cap of $134,377 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. UnitedHealth Group Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016. 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 .

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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