Mondrian Investment Partners Ltd Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Mondrian Investment Partners Ltd reduced its stake in UnitedHealth Group Inc by 8.11% during the most recent quarter end. The investment management company now holds a total of 515,317 shares of UnitedHealth Group Inc which is valued at $73,628,493 after selling 45,481 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 1.74% of Mondrian Investment Partners Ltd’s portfolio.

Other Hedge Funds, Including , Agf Investments boosted its stake in UNH in the latest quarter, The investment management firm added 334,776 additional shares and now holds a total of 423,387 shares of UnitedHealth Group Inc which is valued at $60,493,535. UnitedHealth Group Inc makes up approx 0.66% of Agf Investments’s portfolio.Sanders Morris Harris reduced its stake in UNH by selling 674 shares or 19.43% in the most recent quarter. The Hedge Fund company now holds 2,795 shares of UNH which is valued at $395,996. UnitedHealth Group Inc makes up approx 0.10% of Sanders Morris Harris’s portfolio.Bremer Trust National Association boosted its stake in UNH in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 14,889 shares of UnitedHealth Group Inc which is valued at $2,139,400. UnitedHealth Group Inc makes up approx 0.57% of Bremer Trust National Association’s portfolio.Nordea Investment Management Ab boosted its stake in UNH in the latest quarter, The investment management firm added 186,653 additional shares and now holds a total of 6,614,509 shares of UnitedHealth Group Inc which is valued at $946,007,077. UnitedHealth Group Inc makes up approx 2.69% of Nordea Investment Management Ab’s portfolio.Private Bank Trust Co boosted its stake in UNH in the latest quarter, The investment management firm added 479 additional shares and now holds a total of 12,863 shares of UnitedHealth Group Inc which is valued at $1,810,467. UnitedHealth Group Inc makes up approx 0.27% of Private Bank Trust Co’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.

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