Calamos Wealth Management adds UnitedHealth Group Inc (UNH) to its portfolio

UnitedHealth Group Inc (UNH) : Calamos Wealth Management added new position in UnitedHealth Group Inc during the most recent quarter end. The investment management firm now holds 42,342 shares of UnitedHealth Group Inc which is valued at $5,999,015 , the company said in a statement filed on Jul 26, 2016 with the SEC.UnitedHealth Group Inc makes up approximately 1.15% of Calamos Wealth Management’s portfolio.

Other Hedge Funds, Including , Sanders Morris Harris reduced its stake in UNH by selling 674 shares or 19.43% in the most recent quarter. The Hedge Fund company now holds 2,795 shares of UNH which is valued at $395,996. UnitedHealth Group Inc makes up approx 0.10% of Sanders Morris Harris’s portfolio.Callahan Advisors reduced its stake in UNH by selling 1,376 shares or 2.18% in the most recent quarter. The Hedge Fund company now holds 61,678 shares of UNH which is valued at $8,738,539. UnitedHealth Group Inc makes up approx 2.25% of Callahan Advisors’s portfolio.Nisa Investment Advisors boosted its stake in UNH in the latest quarter, The investment management firm added 15,913 additional shares and now holds a total of 390,505 shares of UnitedHealth Group Inc which is valued at $54,963,579. UnitedHealth Group Inc makes up approx 0.72% of Nisa Investment Advisors’s portfolio.Cutler Group Lp reduced its stake in UNH by selling 7,519 shares or 62.93% in the most recent quarter. The Hedge Fund company now holds 4,429 shares of UNH which is valued at $626,615. UnitedHealth Group Inc makes up approx 0.04% of Cutler Group Lp’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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