Nordea Investment Management Ab buys $946,007,077 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Nordea Investment Management Ab scooped up 186,653 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 19, 2016. The investment management firm now holds a total of 6,614,509 shares of UnitedHealth Group Inc which is valued at $946,007,077.UnitedHealth Group Inc makes up approximately 2.69% of Nordea Investment Management Ab’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co boosted its stake in UNH in the latest quarter, The investment management firm added 6,289 additional shares and now holds a total of 58,743 shares of UnitedHealth Group Inc which is valued at $8,401,424. UnitedHealth Group Inc makes up approx 0.66% of Pennsylvania Trust Co’s portfolio.Iab Financial Bank boosted its stake in UNH in the latest quarter, The investment management firm added 367 additional shares and now holds a total of 24,785 shares of UnitedHealth Group Inc which is valued at $3,544,751. UnitedHealth Group Inc makes up approx 2.18% of Iab Financial Bank’s portfolio.Crestpoint Capital Management reduced its stake in UNH by selling 200 shares or 8.0% in the most recent quarter. The Hedge Fund company now holds 2,300 shares of UNH which is valued at $323,725. UnitedHealth Group Inc makes up approx 0.17% of Crestpoint Capital Management’s portfolio. Quotient Investors sold out all of its stake in UNH during the most recent quarter. The investment firm sold 5,431 shares of UNH which is valued $768,378.Lau Associates reduced its stake in UNH by selling 400 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 9,500 shares of UNH which is valued at $1,342,065. UnitedHealth Group Inc makes up approx 1.39% of Lau Associates’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.

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