Coastline Trust Co Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Coastline Trust Co reduced its stake in UnitedHealth Group Inc by 0.33% during the most recent quarter end. The investment management company now holds a total of 28,730 shares of UnitedHealth Group Inc which is valued at $4,108,965 after selling 95 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.UnitedHealth Group Inc makes up approximately 0.81% of Coastline Trust Co’s portfolio.

Other Hedge Funds, Including , Trust Co Of Virginia Va boosted its stake in UNH in the latest quarter, The investment management firm added 814 additional shares and now holds a total of 73,428 shares of UnitedHealth Group Inc which is valued at $10,334,991. UnitedHealth Group Inc makes up approx 1.75% of Trust Co Of Virginia Va’s portfolio.Ct Financial Advisors reduced its stake in UNH by selling 1,199 shares or 22.27% in the most recent quarter. The Hedge Fund company now holds 4,186 shares of UNH which is valued at $591,356. UnitedHealth Group Inc makes up approx 0.37% of Ct Financial Advisors’s portfolio.Stock Yards Bank Trust Co reduced its stake in UNH by selling 571 shares or 18.43% in the most recent quarter. The Hedge Fund company now holds 2,528 shares of UNH which is valued at $357,864. UnitedHealth Group Inc makes up approx 0.05% of Stock Yards Bank Trust Co’s portfolio.

UnitedHealth Group Inc opened for trading at $143.47 and hit $144.48 on the upside on Wednesday, eventually ending the session at $143.02, with a gain of 0.30% or 0.43 points. The heightened volatility saw the trading volume jump to 54,89,808 shares. Company has a market cap of $135,984 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. 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 Inc was Initiated by Bernstein to “Outperform” on Jun 16, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *