Advisory Services Network Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Advisory Services Network reduced its stake in UnitedHealth Group Inc by 76.3% during the most recent quarter end. The investment management company now holds a total of 1,098 shares of UnitedHealth Group Inc which is valued at $150,053 after selling 3,535 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.UnitedHealth Group Inc makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co reduced its stake in UNH by selling 326 shares or 12.99% in the most recent quarter. The Hedge Fund company now holds 2,184 shares of UNH which is valued at $298,465. UnitedHealth Group Inc makes up approx 0.08% of Central Bank Trust Co’s portfolio.Acropolis Investment Management reduced its stake in UNH by selling 1,012 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 23,033 shares of UNH which is valued at $3,169,341. UnitedHealth Group Inc makes up approx 0.59% of Acropolis Investment Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in UNH by selling 19,854 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 1,076,090 shares of UNH which is valued at $148,069,984. UnitedHealth Group Inc makes up approx 0.81% of Chevy Chase Trust Holdings’s portfolio.First American Trust Fsb reduced its stake in UNH by selling 8,163 shares or 31.51% in the most recent quarter. The Hedge Fund company now holds 17,747 shares of UNH which is valued at $2,441,987. UnitedHealth Group Inc makes up approx 0.77% of First American Trust Fsb’s portfolio.

UnitedHealth Group Inc opened for trading at $137.21 and hit $137.55 on the upside on Friday, eventually ending the session at $136.66, with a gain of 0.14% or 0.19 points. The heightened volatility saw the trading volume jump to 25,68,703 shares. Company has a market cap of $130,154 M.

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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