Insider Selling at UnitedHealth Group (UNH) Continues with Significant Sale

Monday, March 05, 2018 10:15 PM ET

Insider Selling at UnitedHealth Group (UNH) Continues with Significant Sale

There was a substantial sale of shares of UnitedHealth Group by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Richard T Burke, Director — disposed of 10,400 shares in the company having a market value of approximately $2,390,616. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 43,370 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 53,770 shares and have averaged 13,443 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at UnitedHealth Group is greater than its 11-company peer group average. The Managed Healthcare peer group saw 34 buy/sell trades during this period for an average of 3.1 transactions per company. However, the number of shares traded per transaction by UnitedHealth Group insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,152,509 shares sold with company insiders having sold 33,897 shares on average over this time period.

Insider buying and selling activity that is significant 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 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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