Eagle Capital Management Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Eagle Capital Management reduced its stake in UnitedHealth Group Inc by 7.16% during the most recent quarter end. The investment management company now holds a total of 7,036,136 shares of UnitedHealth Group Inc which is valued at $1,071,462,790 after selling 542,312 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.UnitedHealth Group Inc makes up approximately 4.51% of Eagle Capital Management’s portfolio.

Other Hedge Funds, Including , Jackson Grant Investment Advisers boosted its stake in UNH in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 2,050 shares of UnitedHealth Group Inc which is valued at $300,161. UnitedHealth Group Inc makes up approx 0.27% of Jackson Grant Investment Advisers’s portfolio. Sectoral Asset Management Inc sold out all of its stake in UNH during the most recent quarter. The investment firm sold 145,095 shares of UNH which is valued $21,202,732.Chase Investment Counsel Corp reduced its stake in UNH by selling 1,215 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 27,490 shares of UNH which is valued at $3,901,656. UnitedHealth Group Inc makes up approx 1.78% of Chase Investment Counsel Corp’s portfolio.Scott Selber boosted its stake in UNH in the latest quarter, The investment management firm added 128 additional shares and now holds a total of 25,274 shares of UnitedHealth Group Inc which is valued at $3,571,974. UnitedHealth Group Inc makes up approx 2.33% of Scott Selber’s portfolio.

UnitedHealth Group Inc closed down -1.32 points or -0.88% at $149.45 with 56,64,818 shares getting traded on Monday. Post opening the session at $151.05, the shares hit an intraday low of $149.4 and an intraday high of $151.66 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Downgraded by Mizuho to ” Neutral” on Nov 9, 2016. Company shares were Reiterated by Mizuho on Oct 19, 2016 to “Buy”, Firm has raised the Price Target to $ 169 from a previous price target of $160 .

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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