Significant Insider Selling Continues at UnitedHealth Group (UNH)

Monday, September 18, 2017 10:15 PM ET

Significant Insider Selling Continues at UnitedHealth Group (UNH)

There was a substantial sale of shares of UnitedHealth Group by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Larry C Renfro, Officer — disposed of 50,574 shares in the company having a market value of approximately $10,019,428. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 15,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 65,574 shares and have averaged 32,787 shares per transaction over this time period.

The level of buy-sell trading at UnitedHealth Group is near the 10 member peer company average. The Managed Healthcare peer group saw 16 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by UnitedHealth Group insiders is higher. Within the peer group there were 0 shares purchased and 70,965 shares sold with company insiders selling 4,435 shares on average.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in composing and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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