Santa Barbara Asset Management buys $187,745,749 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Santa Barbara Asset Management scooped up 6,646 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,314,010 shares of UnitedHealth Group Inc which is valued at $187,745,749.UnitedHealth Group Inc makes up approximately 3.42% of Santa Barbara Asset Management’s portfolio.

Other Hedge Funds, Including , Thompson Siegel Walmsley reduced its stake in UNH by selling 75 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 3,500 shares of UNH which is valued at $500,465. UnitedHealth Group Inc makes up approx 0.01% of Thompson Siegel Walmsley’s portfolio.Qci Asset Management Incny reduced its stake in UNH by selling 25 shares or 4.83% in the most recent quarter. The Hedge Fund company now holds 493 shares of UNH which is valued at $70,494. UnitedHealth Group Inc makes up approx 0.01% of Qci Asset Management Incny’s portfolio.

UnitedHealth Group Inc closed down -0.13 points or -0.09% at $142.04 with 19,50,174 shares getting traded on Friday. Post opening the session at $141.65, the shares hit an intraday low of $141.22 and an intraday high of $142.25 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

Investors should note that on Aug 3, 2016, UnitedHealth Group Inc announced a cash dividend of $0.6250. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 20, 2016.

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.