Delta Capital Management Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Delta Capital Management reduced its stake in UnitedHealth Group Inc by 6.29% during the most recent quarter end. The investment management company now holds a total of 35,031 shares of UnitedHealth Group Inc which is valued at $5,005,229 after selling 2,353 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.UnitedHealth Group Inc makes up approximately 3.75% of Delta Capital Management’s portfolio.

Other Hedge Funds, Including , Badgley Phelps Bell Inc added UNH to its portfolio by purchasing 1,456 company shares during the most recent quarter which is valued at $208,033. UnitedHealth Group Inc makes up approx 0.02% of Badgley Phelps Bell Inc’s portfolio.Dorchester Wealth Management Co reduced its stake in UNH by selling 400 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 26,750 shares of UNH which is valued at $3,843,708. UnitedHealth Group Inc makes up approx 1.39% of Dorchester Wealth Management Co’s portfolio. Mizuho Securities Usa added UNH to its portfolio by purchasing 5,985 company shares during the most recent quarter which is valued at $859,985. UnitedHealth Group Inc makes up approx 0.16% of Mizuho Securities Usa’s portfolio. Evanson Asset Management added UNH to its portfolio by purchasing 1,421 company shares during the most recent quarter which is valued at $203,231. UnitedHealth Group Inc makes up approx 0.06% of Evanson Asset Management’s portfolio.Neville Rodie Shaw Inc reduced its stake in UNH by selling 263 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 15,237 shares of UNH which is valued at $2,155,731. UnitedHealth Group Inc makes up approx 0.25% of Neville Rodie Shaw Inc’s portfolio.

UnitedHealth Group Inc closed down -0.17 points or -0.12% at $142.71 with 18,90,880 shares getting traded on Thursday. Post opening the session at $143.1, the shares hit an intraday low of $142.26 and an intraday high of $143.476 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

Leave a Reply

UnitedHealth Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on UnitedHealth Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.