South Dakota Investment Council Lowers stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : South Dakota Investment Council reduced its stake in UnitedHealth Group Inc by 8.7% during the most recent quarter end. The investment management company now holds a total of 694,354 shares of UnitedHealth Group Inc which is valued at $99,209,300 after selling 66,140 shares in UnitedHealth Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.UnitedHealth Group Inc makes up approximately 2.08% of South Dakota Investment Council’s portfolio.

Other Hedge Funds, Including , Koshinski Asset Management reduced its stake in UNH by selling 41 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 5,816 shares of UNH which is valued at $830,990. UnitedHealth Group Inc makes up approx 0.42% of Koshinski Asset Management’s portfolio.First Trust Advisors Lp reduced its stake in UNH by selling 66,470 shares or 20.64% in the most recent quarter. The Hedge Fund company now holds 255,628 shares of UNH which is valued at $36,552,248. UnitedHealth Group Inc makes up approx 0.11% of First Trust Advisors Lp’s portfolio.Plante Moran Financial Advisors boosted its stake in UNH in the latest quarter, The investment management firm added 99 additional shares and now holds a total of 1,443 shares of UnitedHealth Group Inc which is valued at $206,176. UnitedHealth Group Inc makes up approx 0.15% of Plante Moran Financial Advisors’s portfolio.Cibc Asset Management Inc boosted its stake in UNH in the latest quarter, The investment management firm added 1,682 additional shares and now holds a total of 93,000 shares of UnitedHealth Group Inc which is valued at $13,287,840. UnitedHealth Group Inc makes up approx 0.10% of Cibc Asset Management Inc’s portfolio.Douglass Winthrop Advisors reduced its stake in UNH by selling 1,278 shares or 22.06% in the most recent quarter. The Hedge Fund company now holds 4,516 shares of UNH which is valued at $638,924. UnitedHealth Group Inc makes up approx 0.05% of Douglass Winthrop Advisors’s portfolio.

UnitedHealth Group Inc closed down -0.13 points or -0.09% at $142.04 with 19,50,174 shares getting traded on Friday. Post opening the session at $141.65, the shares hit an intraday low of $141.22 and an intraday high of $142.25 and the price fluctuated in this range throughout the day.Shares ended Friday 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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