Forester Capital Management Ltd buys $4,999,514 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Forester Capital Management Ltd scooped up 243 additional shares in UnitedHealth Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 34,991 shares of UnitedHealth Group Inc which is valued at $4,999,514.UnitedHealth Group Inc makes up approximately 4.55% of Forester Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd reduced its stake in UNH by selling 24,381 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 248,596 shares of UNH which is valued at $35,598,947. UnitedHealth Group Inc makes up approx 1.04% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio. Jfs Wealth Advisors sold out all of its stake in UNH during the most recent quarter. The investment firm sold 24 shares of UNH which is valued $3,400.Oakbrook Investments reduced its stake in UNH by selling 6,700 shares or 23.97% in the most recent quarter. The Hedge Fund company now holds 21,250 shares of UNH which is valued at $3,053,413. UnitedHealth Group Inc makes up approx 0.16% of Oakbrook Investments’s portfolio.Legacy Private Trust reduced its stake in UNH by selling 356 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 3,652 shares of UNH which is valued at $514,019. UnitedHealth Group Inc makes up approx 0.07% of Legacy Private Trust’s portfolio.

UnitedHealth Group Inc opened for trading at $137.2 and hit $138.04 on the upside on Monday, eventually ending the session at $137.27, with a gain of 0.48% or 0.65 points. The heightened volatility saw the trading volume jump to 23,15,890 shares. Company has a market cap of $130,735 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.

Investors should note that on Aug 3, 2016, UnitedHealth Group Inc announced a cash dividend of $0.6250. The company’s management has announced Sep 7, 2016 as the ex-dividend date and fixed the record date on Sep 9, 2016. The payable date has been fixed on Sep 20, 2016.

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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