Significant Insider Sales in Shares of UnitedHealth Group (UNH) Extends the Selling Trend of Last Quarter

Monday, January 22, 2018 10:15 PM ET

Significant Insider Sales in Shares of UnitedHealth Group (UNH) Extends the Selling Trend of Last Quarter

There was substantial level of selling of UnitedHealth Group shares by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Dr Kenneth Irwin Shine, Director, and Richard T Burke, Director — sold 20,198 shares in the company having a market value of approximately $4,839,411. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 23,629 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 43,827 shares and have averaged 10,957 shares per transaction over this time period.

This number of buy-sell trades at UnitedHealth Group is near average for the 11 member peer company. The Managed Healthcare peer group saw 39 buy/sell trades during this period for an average of 3.5 transactions per company. However, trading at UnitedHealth Group represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 1,186,836 shares sold with company insiders having sold 30,432 shares on average over this time period.

The data sourced in composing and writing in this story eliminates 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.

Today’s Insider Activity
* Dr Kenneth Irwin Shine, Director, sold 198 shares
* Richard T Burke, Director, sold 20,000 shares

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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