Stocks
$12.3M Cornerstone Advisors Invests in UnitedHealth Group
Cornerstone Advisors LLC has invested $12.30 million in UnitedHealth Group Incorporated (NYSE:UNH). According to its most recent 13F filing with the SEC, Cornerstone purchased 29,599 shares of UNH stock in the second quarter.
The institutional investor's purchase valued at approximately $12,302,000 is a new position for Cornerstone Advisors LLC. Other large investors have also recently modified their holdings of UnitedHealth Group, including Vanguard Group Inc., BlackRock Inc., and State Street Corp.
UnitedHealth Group reported quarterly earnings results on Thursday, July 16th, topping analysts' consensus estimates of $4.94 with a $6.38 earnings per share (EPS) for the quarter. The company's revenue was up 0.4% on a year-over-year basis.