Eagle Ridge Investment Management Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Eagle Ridge Investment Management reduced its stake in UnitedHealth Group Inc by 0.57% during the most recent quarter end. The investment management company now holds a total of 76,409 shares of UnitedHealth Group Inc which is valued at $10,979,209 after selling 440 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.UnitedHealth Group Inc makes up approximately 2.43% of Eagle Ridge Investment Management’s portfolio.

Other Hedge Funds, Including , Chesley Taft Associates reduced its stake in UNH by selling 1,610 shares or 5.16% in the most recent quarter. The Hedge Fund company now holds 29,601 shares of UNH which is valued at $4,253,368. UnitedHealth Group Inc makes up approx 0.42% of Chesley Taft Associates’s portfolio.Murphy Capital Management Inc boosted its stake in UNH in the latest quarter, The investment management firm added 2,744 additional shares and now holds a total of 9,299 shares of UnitedHealth Group Inc which is valued at $1,329,943. UnitedHealth Group Inc makes up approx 0.20% of Murphy Capital Management Inc’s portfolio.Berkshire Asset Managementpa boosted its stake in UNH in the latest quarter, The investment management firm added 4,338 additional shares and now holds a total of 10,701 shares of UnitedHealth Group Inc which is valued at $1,530,457. UnitedHealth Group Inc makes up approx 0.23% of Berkshire Asset Managementpa’s portfolio.Leavell Investment Management reduced its stake in UNH by selling 111 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 27,604 shares of UNH which is valued at $3,947,924. UnitedHealth Group Inc makes up approx 0.57% of Leavell Investment Management’s portfolio.Regent Investment Management reduced its stake in UNH by selling 100 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 11,614 shares of UNH which is valued at $1,634,671. UnitedHealth Group Inc makes up approx 0.85% of Regent Investment Management’s portfolio.

UnitedHealth Group Inc opened for trading at $141.36 and hit $143.03 on the upside on Thursday, eventually ending the session at $142.76, with a gain of 0.76% or 1.08 points. The heightened volatility saw the trading volume jump to 25,16,970 shares. Company has a market cap of $135,737 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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