American National Bank buys $4,552,878 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : American National Bank scooped up 26,702 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 33,997 shares of UnitedHealth Group Inc which is valued at $4,552,878.UnitedHealth Group Inc makes up approximately 1.54% of American National Bank’s portfolio.

Other Hedge Funds, Including , Cwm reduced its stake in UNH by selling 19,292 shares or 23.46% in the most recent quarter. The Hedge Fund company now holds 62,948 shares of UNH which is valued at $8,429,996. UnitedHealth Group Inc makes up approx 0.60% of Cwm’s portfolio. Morgens Waterfall Vintiadis Co Inc sold out all of its stake in UNH during the most recent quarter. The investment firm sold 45,000 shares of UNH which is valued $6,063,750.Cupps Capital Management reduced its stake in UNH by selling 3,586 shares or 99.34% in the most recent quarter. The Hedge Fund company now holds 24 shares of UNH which is valued at $3,314.E&g Advisors Lp reduced its stake in UNH by selling 10,425 shares or 45.23% in the most recent quarter. The Hedge Fund company now holds 12,625 shares of UNH which is valued at $1,743,260. UnitedHealth Group Inc makes up approx 1.03% of E&g Advisors Lp’s portfolio.

UnitedHealth Group Inc closed down -0.27 points or -0.20% at $133.92 with 34,52,918 shares getting traded on Friday. Post opening the session at $134.78, the shares hit an intraday low of $133.89 and an intraday high of $135.51 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 $2.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $2.08. The company had revenue of $46293.00 million for the quarter, compared to analysts expectations of $46061.01 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 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 .

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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