undamentalytics Newsletter

UnitedHealth Group insider trading

Every open-market purchase and sale by UnitedHealth Group's officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
UnitedHealth Group insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following UnitedHealth Group’s insiders pay?

From March 11, 2010 to August 25, 2026, 36 insiders reported 18 open-market purchases and 261 sales not made under a pre-set plan in UnitedHealth Group. Twelve months after each purchase was reported, the shares were +5.7% against the S&P 500 on average (median +2.5%), over 18 purchases with a full year of prices; 56% beat the index. After sales, the shares moved +9.7% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on July 22, 2011 into $41,382 by November 2, 2026, +9.8% a year. It held shares 55% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $32,081 (+8.0% a year), and held throughout $73,368 (+14.0%).

$0$25.0k$50.0k$75.0k 20112013201520172019202120232025 $73.4k$41.4k$32.1k
Copying UnitedHealth Group's insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by UnitedHealth Group's insiders from July 22, 2011, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 55% of the time.
UnitedHealth Group: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Burke Richard T Director 0 — — 72 +13.2% (72) May 23, 2022
Ballard William C Jr Director 0 — — 33 +15.8% (33) July 24, 2019
Wilensky Gail R Director 0 — — 25 +11.4% (25) April 26, 2019
Sweere Lori EVP, Human Capital 0 — — 15 +9.4% (15) May 13, 2013
Hemsley Stephen J CEO, UHG 1 −1.3% (1) 0% 13 +8.9% (13) May 16, 2025
Shine Kenneth Irwin Director 0 — — 12 +10.2% (12) November 13, 2018
Leatherdale Douglas W Director 0 — — 8 +16.1% (8) November 20, 2014
Mcsweeney Erin EVP & Chief People Officer 0 — — 8 −30.0% (8) November 13, 2024
Renfro Larry C Vice Chmn, UHG and CEO, Optum 0 — — 8 +14.7% (8) June 19, 2018
Roos Thomas E Chief Accounting Officer 0 — — 7 −7.4% (7) July 19, 2024
Rangen Eric S Sr VP & Chief Acctg Officer 0 — — 6 +13.2% (6) February 26, 2015
Welters Anthony EVP, UnitedHealth Group 0 — — 6 −2.9% (6) April 24, 2012
Wilson D Ellen Executive Vice President 0 — — 6 +13.1% (6) November 19, 2019
Lawson Rodger A Director 5 +10.6% (5) 80% 0 — April 25, 2014
Wichmann David S Chief Executive Officer 1 +22.7% (1) 100% 4 +9.5% (4) May 6, 2019
Boudreaux Gail EVP & CEO, UnitedHealthcare 0 — — 4 +15.8% (4) March 3, 2014
Conway Patrick Hugh Chief Executive Officer, Optum 0 — — 4 +7.3% (1) August 25, 2026
Flynn Timothy Patrick Director 4 −0.4% (4) 50% 0 — May 16, 2025
Hooper Michele J Director 0 — — 4 +9.4% (4) September 17, 2018
Rex John F President & CFO 1 −1.3% (1) 0% 3 +7.5% (3) May 16, 2025
Witty Andrew CEO, UHG 0 — — 4 −3.1% (4) July 21, 2023
Nelson Steven H EVP & CEO, UnitedHealthcare 0 — — 3 −9.1% (3) September 17, 2018
Walsh Christopher James EVP and General Counsel 0 — — 3 +18.2% (3) May 2, 2011
Zamoff Mitchell Eliot EVP and General Counsel 0 — — 3 +22.8% (3) March 11, 2011
Mcnabb Frederick William III Director 2 +10.4% (2) 50% 0 — May 31, 2022
Mikan George Lawrence III EVP UHG & CEO, Optum 0 — — 2 +25.2% (2) May 3, 2011
Munsell William A EVP, UnitedHealth Group 0 — — 2 −7.1% (2) February 28, 2012
Tuckson Reed Vaughn EVP & Chief of Medical Affairs 0 — — 2 +4.6% (2) February 10, 2012
Bueno Edson De Godoy Director 1 +2.7% (1) 100% 0 — November 6, 2012
Garcia Paul R Director 1 +9.3% (1) 100% 0 — February 24, 2022
Gil Kristen Director 1 −1.3% (1) 0% 0 — May 16, 2025
Lewis Patricia L EVP and Chief HR Officer 0 — — 1 +28.0% (1) April 19, 2021
Mcmahon Dirk C Pres. & COO, UHG & CEO, UHC 0 — — 1 −17.8% (1) August 19, 2022
Noseworthy John H Director 1 −1.3% (1) 0% 0 — May 16, 2025
Short Marianne D EVP & Chief Legal Officer 0 — — 1 −5.0% (1) August 12, 2020
Thompson Brian R CEO, UnitedHealthcare 0 — — 1 −31.9% (1) February 20, 2024

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded UnitedHealth Group

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of UnitedHealth Group in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 1 buying crowd with six months of prices, it averaged −5.9% against the index. After 15 selling crowds, +4.8%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
May 30, 20255 buying−6.4%−5.9%−1.6%
February 29, 20243 selling−5.2%+10.2%−17.3%
July 29, 20224 selling+7.6%−7.9%−18.2%
July 30, 20213 selling+6.0%+12.4%+36.6%
July 31, 20203 selling−0.8%−5.0%+3.3%
November 29, 20193 selling−2.2%+11.3%+4.8%
May 31, 20193 selling−11.0%+1.4%+15.5%
March 29, 20193 selling−5.1%−17.7%+8.9%
October 31, 20163 selling+7.9%+9.7%+27.7%
February 29, 20164 selling+3.8%+2.3%+16.5%
September 30, 20143 selling+13.7%+31.7%+37.4%
February 28, 20145 selling−0.5%+4.2%+34.5%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 16. Total returns from the month end; past patterns are not a forecast.

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