Premier Asset Managment Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Premier Asset Managment reduced its stake in UnitedHealth Group Inc by 1.72% during the most recent quarter end. The investment management company now holds a total of 59,970 shares of UnitedHealth Group Inc which is valued at $8,047,374 after selling 1,050 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.UnitedHealth Group Inc makes up approximately 2.05% of Premier Asset Managment’s portfolio.

Other Hedge Funds, Including , Harbour Capital Advisors reduced its stake in UNH by selling 200 shares or 1.63% in the most recent quarter. The Hedge Fund company now holds 12,038 shares of UNH which is valued at $1,615,379. UnitedHealth Group Inc makes up approx 0.88% of Harbour Capital Advisors’s portfolio.Dorsey Wright Associates boosted its stake in UNH in the latest quarter, The investment management firm added 172 additional shares and now holds a total of 9,641 shares of UnitedHealth Group Inc which is valued at $1,331,229. UnitedHealth Group Inc makes up approx 0.67% of Dorsey Wright Associates’s portfolio.Bristol John W Co Inc Ny reduced its stake in UNH by selling 15,969 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 487,459 shares of UNH which is valued at $67,308,339. UnitedHealth Group Inc makes up approx 1.85% of Bristol John W Co Inc Ny’s portfolio.Washington Trust Bank reduced its stake in UNH by selling 413 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 28,906 shares of UNH which is valued at $3,977,466. UnitedHealth Group Inc makes up approx 0.95% of Washington Trust Bank’s portfolio.

UnitedHealth Group Inc closed down -3.33 points or -2.41% at $134.75 with 33,53,588 shares getting traded on Tuesday. Post opening the session at $137.32, the shares hit an intraday low of $134.37 and an intraday high of $137.69 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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