Ahad Tariq
Sun, May 18, 2025, 9:54 AM 2 min read
In This Article:
The Form 4 filing by UnitedHealth Group (NYSE:UNH) shows that the new CEO, Stephen Hemsley, acquired $25 million worth of company shares at an average of $288.57 a piece on Friday, 16th May 2025. Mr. Hemsley took the helm of his new office on Tuesday of the same week. UnitedHealth Group (NYSE:UNH) CFO John Rex also purchased 17.2k of the company’s shares on Friday, for $291.12/share for a total value of $5 million.
A senior healthcare professional giving advice to a patient in a clinic.
The move follows three other Directors of UnitedHealth Group (NYSE:UNH), who collectively acquired $1.6 million worth of UNH shares, as reported on the Form 4 filing. Tim Flynn, Kristen Gil, and John Noseworthy bought about 5.5K shares across three transactions worth approximately $491.8K, $1.0M, and $93.6K, respectively.
UNH’s stock price shed from $307.95 on Wednesday to $274.11 on Thursday, following news of a withdrawal of its full-year outlook. The company has also been associated with a criminal investigation by the Department of Justice (DOJ). The DOJ is conducting a criminal probe into UnitedHealth Group’s (NYSE:UNH) Medicare billing practices, which led to the company's former CEO, Andrew Witty, abruptly resigning on Tuesday and raising investor concerns. The stock is down by over 42% since the start of 2025.
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