Centre Asset Management LLC Has Trimmed Stake in Unitedhealth Group INC (UNH) as Market Valuation Rose

September 8, 2018 - By Palma Niemeyer

UnitedHealth Group Incorporated (NYSE:UNH) LogoInvestors sentiment is 0.96 in Q1 2018. Its the same as in 2017Q4. It is the same, as 55 investors sold UNH shares while 532 reduced holdings. only 125 funds opened positions while 440 raised stakes. 789.19 million shares or 2.09% less from 806.07 million shares in 2017Q4 were reported. Culbertson A N invested in 0.17% or 2,645 shares. Palisade Asset Management Ltd holds 2.25% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 69,444 shares. Hilltop holds 0.2% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH) for 5,446 shares. Clifford Swan Counsel Limited Liability Corp invested 0.1% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). The Massachusetts-based Moors Cabot has invested 0.08% in UnitedHealth Group Incorporated (NYSE:UNH). Tompkins Financial reported 5,680 shares or 0.27% of all its holdings. Torray Ltd holds 39,402 shares or 0.87% of its portfolio. The Missouri-based Monetary Mngmt Gp Inc has invested 1.69% in UnitedHealth Group Incorporated (NYSE:UNH). Trexquant Ltd Partnership accumulated 25,477 shares. Argent Communications holds 0.85% or 13,884 shares. Bb&T Lc owns 0.54% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 222,504 shares. Sumitomo Mitsui Trust owns 3.28 million shares for 0.9% of their portfolio. Morgan Stanley reported 5.23 million shares. Boston Family Office Lc reported 1,550 shares stake. Busey Trust invested in 12,669 shares.

Since March 15, 2018, it had 0 insider purchases, and 10 selling transactions for $27.79 million activity. WILENSKY GAIL R also sold $779,001 worth of UnitedHealth Group Incorporated (NYSE:UNH) on Wednesday, July 18. RENFRO LARRY C sold 19,652 shares worth $5.00M. Shares for $47,959 were sold by Shine Kenneth Irwin. 15,393 UnitedHealth Group Incorporated (NYSE:UNH) shares with value of $4.07 million were sold by WILSON D ELLEN. $3.28 million worth of UnitedHealth Group Incorporated (NYSE:UNH) was sold by Nelson Steven H on Thursday, March 15.

Centre Asset Management Llc decreased its stake in Unitedhealth Group Inc (UNH) by 20.68% based on its latest 2018Q1 regulatory filing with the SEC. Centre Asset Management Llc sold 15,320 shares as the company’s stock rose 4.65% while stock markets declined. The institutional investor held 58,760 shares of the medical specialities company at the end of 2018Q1, valued at $12.58 million, down from 74,080 at the end of the previous reported quarter. Centre Asset Management Llc who had been investing in Unitedhealth Group Inc for a number of months, seems to be less bullish one the $258.21 billion market cap company. The stock decreased 0.51% or $1.37 during the last trading session, reaching $268.28. About 2.96M shares traded or 25.33% up from the average. UnitedHealth Group Incorporated (NYSE:UNH) has risen 37.57% since September 8, 2017 and is uptrending. It has outperformed by 25.00% the S&P500.

Centre Asset Management Llc, which manages about $811.26M and $432.81M US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 2,760 shares to 15,020 shares, valued at $21.74M in 2018Q1, according to the filing.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on October, 16. They expect $3.30 EPS, up 24.06 % or $0.64 from last year’s $2.66 per share. UNH’s profit will be $3.18B for 20.32 P/E if the $3.30 EPS becomes a reality. After $3.14 actual EPS reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts 5.10 % EPS growth.

More important recent UnitedHealth Group Incorporated (NYSE:UNH) news were published by: Fool.com which released: “UnitedHealth Group Stock Just Hit an All-Time High: Buy, Sell, or Hold?” on August 28, 2018, also Streetinsider.com published article titled: “UPDATE: Cerner (CERN) and UnitedHealth Group (UNH) said to pass on Athenahealth (ATHN) bid – NYP”, Seekingalpha.com published: “It May Be Better To Avoid Sanofi” on September 06, 2018. More interesting news about UnitedHealth Group Incorporated (NYSE:UNH) was released by: Seekingalpha.com and their article: “UnitedHealth’s Share Price Will Continue Its Rapid Uptrend” with publication date: September 07, 2018.

UnitedHealth Group Incorporated (NYSE:UNH) Ratings Coverage

Among 9 analysts covering UnitedHealth (NYSE:UNH), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. UnitedHealth had 14 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Tuesday, April 17 with “Buy”. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, April 18 report. The firm earned “Buy” rating on Wednesday, July 18 by Citigroup. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, April 18. The stock of UnitedHealth Group Incorporated (NYSE:UNH) has “Outperform” rating given on Wednesday, July 18 by RBC Capital Markets. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, April 17 report. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, April 18. Bernstein maintained it with “Buy” rating and $27500 target in Wednesday, April 18 report. On Monday, June 11 the stock rating was downgraded by Credit Suisse to “Hold”. The rating was maintained by Morgan Stanley on Wednesday, September 5 with “Overweight”.

UnitedHealth Group Incorporated (NYSE:UNH) Institutional Positions Chart

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