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

UnitedHealth Group Inc (UNH) : Aqr Capital Management reduced its stake in UnitedHealth Group Inc by 20.02% during the most recent quarter end. The investment management company now holds a total of 3,210,959 shares of UnitedHealth Group Inc which is valued at $458,781,822 after selling 803,697 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.UnitedHealth Group Inc makes up approximately 0.78% of Aqr Capital Management’s portfolio.

Other Hedge Funds, Including , Piedmont Investment Advisors boosted its stake in UNH in the latest quarter, The investment management firm added 2,702 additional shares and now holds a total of 244,591 shares of UnitedHealth Group Inc which is valued at $34,947,162. UnitedHealth Group Inc makes up approx 0.70% of Piedmont Investment Advisors’s portfolio.Symphony Asset Management boosted its stake in UNH in the latest quarter, The investment management firm added 1,796 additional shares and now holds a total of 15,545 shares of UnitedHealth Group Inc which is valued at $2,221,070. UnitedHealth Group Inc makes up approx 0.40% of Symphony Asset Management’s portfolio.Mark Sheptoff Financial Planning reduced its stake in UNH by selling 197 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 34,585 shares of UNH which is valued at $4,932,859. UnitedHealth Group Inc makes up approx 3.66% of Mark Sheptoff Financial Planning’s portfolio.Ls Investment Advisors boosted its stake in UNH in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 28,952 shares of UnitedHealth Group Inc which is valued at $4,160,113. UnitedHealth Group Inc makes up approx 0.28% of Ls Investment Advisors’s portfolio.Highland Capital Management reduced its stake in UNH by selling 10 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 17,717 shares of UNH which is valued at $2,533,885. UnitedHealth Group Inc makes up approx 0.21% of Highland Capital Management’s portfolio.

UnitedHealth Group Inc closed down -0.31 points or -0.23% at $135.74 with 27,65,361 shares getting traded on Thursday. Post opening the session at $136.82, the shares hit an intraday low of $135.35 and an intraday high of $136.98 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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