Pioneer Trust Bank N Aor buys $5,614,518 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Pioneer Trust Bank N Aor scooped up 1,835 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 15, 2016. The investment management firm now holds a total of 39,890 shares of UnitedHealth Group Inc which is valued at $5,614,518.UnitedHealth Group Inc makes up approximately 3.31% of Pioneer Trust Bank N Aor’s portfolio.

Other Hedge Funds, Including , Livforsakringsbolaget Skandia Omsesidigt boosted its stake in UNH in the latest quarter, The investment management firm added 6,600 additional shares and now holds a total of 123,558 shares of UnitedHealth Group Inc which is valued at $17,390,789. UnitedHealth Group Inc makes up approx 0.74% of Livforsakringsbolaget Skandia Omsesidigt’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.Cue Financial Group reduced its stake in UNH by selling 1,047 shares or 8.88% in the most recent quarter. The Hedge Fund company now holds 10,744 shares of UNH which is valued at $1,520,061. UnitedHealth Group Inc makes up approx 1.27% of Cue Financial Group’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in UNH in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 7,847 shares of UnitedHealth Group Inc which is valued at $1,110,821. UnitedHealth Group Inc makes up approx 0.22% of First Financial Bank N.a. – Trust Division’s portfolio.

UnitedHealth Group Inc closed down -0.58 points or -0.41% at $140.75 with 41,66,290 shares getting traded on Monday. Post opening the session at $141.76, the shares hit an intraday low of $139.62 and an intraday high of $141.9 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 $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 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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