Wright Investors Service Inc buys $3,326,961 stake in UnitedHealth Group Inc (UNH)

UnitedHealth Group Inc (UNH) : Wright Investors Service Inc scooped up 1,805 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 1, 2016. The investment management firm now holds a total of 23,285 shares of UnitedHealth Group Inc which is valued at $3,326,961.UnitedHealth Group Inc makes up approximately 1.33% of Wright Investors Service Inc’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in UNH by selling 8,906 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 550,647 shares of UNH which is valued at $78,676,443. UnitedHealth Group Inc makes up approx 0.28% of Aberdeen Asset Management Plcuk’s portfolio.Beck Mack Oliver reduced its stake in UNH by selling 22 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of UNH which is valued at $386,640. UnitedHealth Group Inc makes up approx 0.01% of Beck Mack Oliver’s portfolio.Newsquare Capital reduced its stake in UNH by selling 84 shares or 9.09% in the most recent quarter. The Hedge Fund company now holds 840 shares of UNH which is valued at $119,011. UnitedHealth Group Inc makes up approx 0.03% of Newsquare Capital’s portfolio. Parametrica Management Ltd added UNH to its portfolio by purchasing 1,421 company shares during the most recent quarter which is valued at $204,183. UnitedHealth Group Inc makes up approx 0.29% of Parametrica Management Ltd’s portfolio.Morgens Waterfall Vintiadis Co Inc boosted its stake in UNH in the latest quarter, The investment management firm added 21,000 additional shares and now holds a total of 45,000 shares of UnitedHealth Group Inc which is valued at $6,466,050. UnitedHealth Group Inc makes up approx 6.33% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

UnitedHealth Group Inc closed down -0.17 points or -0.12% at $142.71 with 18,90,880 shares getting traded on Thursday. Post opening the session at $143.1, the shares hit an intraday low of $142.26 and an intraday high of $143.476 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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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