Aviance Capital Management buys $3,441,691 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Aviance Capital Management scooped up 6,831 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 24,292 shares of UnitedHealth Group Inc which is valued at $3,441,691.UnitedHealth Group Inc makes up approximately 0.10% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in UNH in the latest quarter, The investment management firm added 93,633 additional shares and now holds a total of 2,624,148 shares of UnitedHealth Group Inc which is valued at $371,789,289. UnitedHealth Group Inc makes up approx 0.41% of American Century Companies Inc’s portfolio.Rehmann Capital Advisory Group reduced its stake in UNH by selling 4 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 9,246 shares of UNH which is valued at $1,309,973. UnitedHealth Group Inc makes up approx 0.24% of Rehmann Capital Advisory Group’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in UNH by selling 10,339 shares or 7.54% in the most recent quarter. The Hedge Fund company now holds 126,866 shares of UNH which is valued at $18,229,376. UnitedHealth Group Inc makes up approx 0.16% of Tiaa Cref Trust Co Fsbmo’s portfolio. Evanson Asset Management added UNH to its portfolio by purchasing 1,421 company shares during the most recent quarter which is valued at $203,231. UnitedHealth Group Inc makes up approx 0.06% of Evanson Asset Management’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in UNH in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 8,984 shares of UnitedHealth Group Inc which is valued at $1,269,170. UnitedHealth Group Inc makes up approx 0.24% of Osborn Rohs Williams Donohoe Ltd’s portfolio.

UnitedHealth Group Inc opened for trading at $141.85 and hit $143.895 on the upside on Friday, eventually ending the session at $143.2, with a gain of 0.31% or 0.44 points. The heightened volatility saw the trading volume jump to 32,69,716 shares. Company has a market cap of $136,155 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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