13F: Investec Asset Management LTD Raised Unitedhealth Group INC (UNH) Holding as Stock Value Declined

13F: Investec Asset Management LTD Raised Unitedhealth Group INC (UNH) Holding as Stock Value Declined

Investec Asset Management Ltd increased its stake in Unitedhealth Group Inc (UNH) by 3.84% based on its latest 2016Q3 regulatory filing with the SEC. Investec Asset Management Ltd bought 109,673 shares as the company’s stock declined 0.61% while stock markets rallied. The institutional investor held 2.96 million shares of the medical specialities company at the end of 2016Q3, valued at $414.90 million, up from 2.85 million at the end of the previous reported quarter. Investec Asset Management Ltd who had been investing in Unitedhealth Group Inc for a number of months, seems to be bullish on the $153.74 billion market cap company. The stock is up 0.12% or $0.2 after the positive news, hitting $161.89 per share. About 2.14 million shares traded hands. UnitedHealth Group Inc (NYSE:UNH) has risen 17.99% since June 7, 2016 and is uptrending. It has outperformed by 10.57% the S&P500.

Investec Asset Management Ltd, which manages about $20.53B US Long portfolio, decreased its stake in Tahoe Resources Inc (NYSE:TAHO) by 799,866 shares to 848,417 shares, valued at $10.86M in 2016Q3, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 546,780 shares in the quarter, leaving it with 9,233 shares, and cut its stake in Hewlett Packard Enterprise Co.

Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q3. Its up 0.10, from 0.92 in 2016Q2. The ratio improved, as 58 funds sold all UNH shares owned while 441 reduced positions. 101 funds bought stakes while 406 increased positions. They now own 795.86 million shares or 1.24% less from 805.88 million shares in 2016Q2. Trustmark Bancorporation Trust Department holds 0.35% or 20,214 shares in its portfolio. Palisade Asset Lc holds 1.28% or 49,071 shares in its portfolio. The Connecticut-based Essex Finance Svcs Inc has invested 0.3% in UnitedHealth Group Inc (NYSE:UNH). American Com last reported 175 shares in the company. The North Carolina-based First Personal Financial Serv has invested 0.03% in UnitedHealth Group Inc (NYSE:UNH). Greenleaf Tru reported 3,429 shares or 0.01% of all its holdings. Wealth Architects Lc has 3,182 shares for 0.21% of their US portfolio. Panagora Asset accumulated 805,707 shares or 0.54% of the stock. Legg Mason Asset (Japan) Limited owns 9,600 shares or 1.36% of their US portfolio. Douglass Winthrop Limited Liability holds 0.06% of its portfolio in UnitedHealth Group Inc (NYSE:UNH) for 6,078 shares. Kcm Invest Ltd Llc has invested 0.11% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Ig Management Ltd has 0.13% invested in the company for 232,506 shares. Globeflex Capital LP has invested 0.14% of its portfolio in UnitedHealth Group Inc (NYSE:UNH). Argent Tru Commerce last reported 13,267 shares in the company. Thompson Siegel Walmsley Limited Company accumulated 0.01% or 3,175 shares.

Insider Transactions: Since September 7, 2016, the stock had 0 insider buys, and 8 sales for $18.66 million net activity. On Tuesday, December 6 the insider ROOS THOMAS E sold $315,203. Another trade for 15,000 shares valued at $2.40 million was sold by BURKE RICHARD T. 14,365 shares were sold by WILSON D ELLEN, worth $2.07 million. $47,121 worth of UnitedHealth Group Inc (NYSE:UNH) was sold by Shine Kenneth Irwin. Shares for $822,000 were sold by WILENSKY GAIL R on Thursday, November 17. On Monday, November 14 the insider BALLARD WILLIAM C JR sold $453,615.

More notable recent UnitedHealth Group Inc (NYSE:UNH) news were published by: Forbes.com which released: “UnitedHealth’s Optum To Buy Surgery Center Business For $2.3 Billion” on January 09, 2017, also Businesswire.com with their article: “Robbins Arroyo LLP: Acquisition of Surgical Care Affiliates, Inc. (SCAI) by …” published on January 10, 2017, Finance.Yahoo.com published: “Arotech, Cooper Companies, UnitedHealth Group, Aetna and Humana highlighted as …” on January 04, 2017. More interesting news about UnitedHealth Group Inc (NYSE:UNH) were released by: Prnewswire.com and their article: “Faruqi & Faruqi, LLP is Investigating UnitedHealth Group Incorporated (UNH) on …” published on January 03, 2017 as well as Finance.Yahoo.com‘s news article titled: “UnitedHealth buying Surgical Care for $2.3 billion” with publication date: January 09, 2017.

According to Zacks Investment Research, “UnitedHealth Group Inc. offers health care coverage and related services to help people achieve improved health and well-being through all stages of life. The company’s products and services reflect a number of core capabilities, including medical information management, health benefit administration, care coordination, risk assessment and pricing, health benefit design and provider contracting. With these capabilities, it is able to provide comprehensive health care management services through organized health systems and insurance products.”

UnitedHealth Group Inc (NYSE:UNH) Ratings Coverage

Out of 18 analysts covering UnitedHealth Group (NYSE:UNH), 18 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. UnitedHealth Group has been the topic of 25 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was maintained by FBR Capital with “Outperform” on Thursday, November 19. The stock has “Buy” rating given by Argus Research on Friday, July 22. The company was initiated on Friday, October 2 by Citigroup. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Outperform” rating by Bernstein on Thursday, June 16. The rating was upgraded by Mizuho to “Buy” on Wednesday, November 30. Mizuho maintained UnitedHealth Group Inc (NYSE:UNH) rating on Wednesday, October 19. Mizuho has “Buy” rating and $169 price target. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Buy” rating by Cleveland on Friday, April 8. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr. The stock of UnitedHealth Group Inc (NYSE:UNH) has “Overweight” rating given on Wednesday, January 4 by Piper Jaffray. The stock of UnitedHealth Group Inc (NYSE:UNH) earned “Outperform” rating by Credit Suisse on Wednesday, December 16.

UNH Company Profile

UnitedHealth Group Incorporated, incorporated on July 1, 2015, is a diversified healthcare company. The Firm operates through four divisions: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. The Firm conducts its activities through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum. UnitedHealthcare provides healthcare benefits to a range of clients and markets through its UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State, and UnitedHealthcare Global businesses. Optum is a health services business serving the healthcare marketplace, including payers, care providers, employers, governments, life sciences companies and consumers, through its OptumHealth, OptumInsight and OptumRx businesses.

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