Picton Mahoney Asset Management Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Picton Mahoney Asset Management reduced its stake in UnitedHealth Group Inc by 3.93% during the most recent quarter end. The investment management company now holds a total of 156,460 shares of UnitedHealth Group Inc which is valued at $22,355,005 after selling 6,392 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.UnitedHealth Group Inc makes up approximately 1.50% of Picton Mahoney Asset Management’s portfolio.

Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in UNH by selling 17,688 shares or 92.68% in the most recent quarter. The Hedge Fund company now holds 1,396 shares of UNH which is valued at $199,460. UnitedHealth Group Inc makes up approx 0.04% of Baldwin Brothers Incma’s portfolio.Norinchukin Bank The boosted its stake in UNH in the latest quarter, The investment management firm added 11,956 additional shares and now holds a total of 126,352 shares of UnitedHealth Group Inc which is valued at $18,021,586. UnitedHealth Group Inc makes up approx 0.42% of Norinchukin Bank The’s portfolio.White Pine Investment Co reduced its stake in UNH by selling 170 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 6,565 shares of UNH which is valued at $938,729. UnitedHealth Group Inc makes up approx 0.54% of White Pine Investment Co’s portfolio.California State Teachers Retirement System reduced its stake in UNH by selling 35,819 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 1,989,492 shares of UNH which is valued at $284,258,617. UnitedHealth Group Inc makes up approx 0.59% of California State Teachers Retirement System’s portfolio.Canandaigua National Bank Trust Co reduced its stake in UNH by selling 357 shares or 14.67% in the most recent quarter. The Hedge Fund company now holds 2,076 shares of UNH which is valued at $294,128. UnitedHealth Group Inc makes up approx 0.08% of Canandaigua National Bank Trust Co’s portfolio.

UnitedHealth Group Inc closed down -0.08 points or -0.06% at $142.01 with 22,95,478 shares getting traded on Tuesday. Post opening the session at $142.73, the shares hit an intraday low of $141.75 and an intraday high of $142.87 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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