California Public Employees Retirement System Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : California Public Employees Retirement System reduced its stake in UnitedHealth Group Inc by 2.64% during the most recent quarter end. The investment management company now holds a total of 2,628,214 shares of UnitedHealth Group Inc which is valued at $375,519,216 after selling 71,200 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.UnitedHealth Group Inc makes up approximately 0.59% of California Public Employees Retirement System’s portfolio.

Other Hedge Funds, Including , Rfg Advisory Group added UNH to its portfolio by purchasing 4,690 company shares during the most recent quarter which is valued at $670,107. UnitedHealth Group Inc makes up approx 0.57% of Rfg Advisory Group’s portfolio.Chesley Taft Associates reduced its stake in UNH by selling 1,610 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 29,601 shares of UNH which is valued at $4,253,368. UnitedHealth Group Inc makes up approx 0.42% of Chesley Taft Associates’s portfolio.Telemus Capital reduced its stake in UNH by selling 2,044 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 38,257 shares of UNH which is valued at $5,471,516. UnitedHealth Group Inc makes up approx 0.63% of Telemus Capital’s portfolio.Pennsylvania Trust Co boosted its stake in UNH in the latest quarter, The investment management firm added 6,289 additional shares and now holds a total of 58,743 shares of UnitedHealth Group Inc which is valued at $8,401,424. UnitedHealth Group Inc makes up approx 0.66% of Pennsylvania Trust Co’s portfolio.Private Trust Co Na reduced its stake in UNH by selling 1,281 shares or 18.66% in the most recent quarter. The Hedge Fund company now holds 5,583 shares of UNH which is valued at $798,481. UnitedHealth Group Inc makes up approx 0.20% of Private Trust Co Na’s portfolio.

UnitedHealth Group Inc closed down -0.86 points or -0.60% at $142.13 with 18,46,428 shares getting traded on Monday. Post opening the session at $142.61, the shares hit an intraday low of $141.86 and an intraday high of $143.07 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. UnitedHealth Group Inc was Upgraded by Argus to ” Buy” on Jul 22, 2016. 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 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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