Associated Banc-Corp Has Decreased Its Unitedhealth Group INC (UNH) Position by $3.72 Million

March 23, 2018 - By Vivian Currie

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.11, from 1.02 in 2017Q2. It turned negative, as 46 investors sold UNH shares while 524 reduced holdings. 112 funds opened positions while 408 raised stakes. 810.94 million shares or 0.66% less from 816.36 million shares in 2017Q2 were reported. Pictet Asset Ltd reported 0.52% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). Moreover, Alpha Windward Ltd Liability Corp has 0.19% invested in UnitedHealth Group Incorporated (NYSE:UNH). Crestpoint Ltd stated it has 2,100 shares. Beach Invest Counsel Pa invested in 0.06% or 3,000 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Corporation, a Texas-based fund reported 1.35M shares. Appleton Partners Ma invested 1% of its portfolio in UnitedHealth Group Incorporated (NYSE:UNH). 2,700 are owned by Cypress Asset Mngmt Tx. Acadian Asset Mgmt Limited Com invested in 0.37% or 423,235 shares. Ledyard Bancorp holds 0.03% or 1,241 shares in its portfolio. Westend Advisors Ltd Co has 261,786 shares. Loomis Sayles Com Limited Partnership has invested 0.32% in UnitedHealth Group Incorporated (NYSE:UNH). 1,287 are owned by Lourd Capital Lc. Cornerstone Advsrs owns 1.38% invested in UnitedHealth Group Incorporated (NYSE:UNH) for 61,000 shares. Essex Inv Mngmt Ltd Com has invested 0.09% in UnitedHealth Group Incorporated (NYSE:UNH). Boston Private Wealth Lc, a Massachusetts-based fund reported 55,712 shares.

Since October 19, 2017, it had 0 buys, and 11 sales for $29.28 million activity. On Thursday, October 19 the insider ROOS THOMAS E sold $200,333. On Tuesday, March 20 the insider BURKE RICHARD T sold $2.24 million. HOOPER MICHELE J sold $2.38M worth of UnitedHealth Group Incorporated (NYSE:UNH) on Wednesday, January 31. Nelson Steven H sold $3.28 million worth of stock or 14,233 shares. BALLARD WILLIAM C JR sold $2.46 million worth of stock. Shine Kenneth Irwin sold 198 shares worth $48,025.

Associated Banc-Corp decreased its stake in Unitedhealth Group Inc (UNH) by 14.81% based on its latest 2017Q3 regulatory filing with the SEC. Associated Banc-Corp sold 19,092 shares as the company’s stock rose 9.50% with the market. The institutional investor held 109,847 shares of the medical specialities company at the end of 2017Q3, valued at $21.51 million, down from 128,939 at the end of the previous reported quarter. Associated Banc-Corp who had been investing in Unitedhealth Group Inc for a number of months, seems to be less bullish one the $210.23 billion market cap company. The stock increased 0.95% or $2.05 during the last trading session, reaching $217.26. About 463,360 shares traded. UnitedHealth Group Incorporated (NYSE:UNH) has risen 32.76% since March 23, 2017 and is uptrending. It has outperformed by 16.06% the S&P500.

Associated Banc-Corp, which manages about $1.81 billion US Long portfolio, upped its stake in Analog Devices Inc (NASDAQ:ADI) by 65,709 shares to 213,818 shares, valued at $18.43M in 2017Q3, according to the filing.

Analysts await UnitedHealth Group Incorporated (NYSE:UNH) to report earnings on April, 17. They expect $2.92 EPS, up 23.21 % or $0.55 from last year’s $2.37 per share. UNH’s profit will be $2.83B for 18.60 P/E if the $2.92 EPS becomes a reality. After $2.59 actual EPS reported by UnitedHealth Group Incorporated for the previous quarter, Wall Street now forecasts 12.74 % EPS growth.

UnitedHealth Group Incorporated (NYSE:UNH) Ratings Coverage

Among 26 analysts covering UnitedHealth Group (NYSE:UNH), 26 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. UnitedHealth Group has $280.0 highest and $124 lowest target. $218.91’s average target is 0.76% above currents $217.26 stock price. UnitedHealth Group had 81 analyst reports since September 2, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, July 20. Argus Research maintained UnitedHealth Group Incorporated (NYSE:UNH) on Thursday, October 19 with “Buy” rating. The rating was initiated by Piper Jaffray on Wednesday, January 4 with “Overweight”. Cantor Fitzgerald maintained it with “Buy” rating and $235.0 target in Wednesday, December 6 report. The firm has “Buy” rating given on Thursday, July 13 by Cowen & Co. The stock of UnitedHealth Group Incorporated (NYSE:UNH) earned “Buy” rating by Cantor Fitzgerald on Thursday, November 16. The firm has “Buy” rating by Credit Suisse given on Wednesday, January 17. Jefferies maintained UnitedHealth Group Incorporated (NYSE:UNH) rating on Wednesday, September 20. Jefferies has “Buy” rating and $215.0 target. On Friday, October 2 the stock rating was initiated by Citigroup with “Buy”. On Wednesday, November 9 the stock rating was downgraded by Mizuho to “Neutral”.

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