FMR LLC & Abigail Johnson Trim UnitedHealth Stake to 4.529%
Ticker: UNH · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 731766
| Field | Detail |
|---|---|
| Company | Unitedhealth Group Inc (UNH) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, healthcare, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 4.529% of UnitedHealth, a slight change but still a big vote of confidence.**
AI Summary
FMR LLC, a major investment firm, and its Chair and CEO, Abigail P. Johnson, have updated their ownership stake in UnitedHealth Group Inc. As of February 9, 2024, they collectively beneficially own 41,897,912 shares of common stock, representing 4.529% of the company. This filing indicates a slight adjustment in their reported holdings, which is important for investors as it shows a significant institutional holder's continued, albeit slightly reduced, confidence in UnitedHealth Group.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a substantial stake in UnitedHealth Group, signaling their continued belief in the company's long-term prospects, even with a minor adjustment to their reported percentage.
Risk Assessment
Risk Level: low — This is an amendment to a passive ownership filing, indicating a minor adjustment by a large institutional investor, which typically carries low risk for existing shareholders.
Analyst Insight
Investors should note that a major institutional holder, FMR LLC, continues to hold a substantial stake in UnitedHealth Group, suggesting ongoing confidence, but the slight adjustment in percentage ownership warrants monitoring for future changes in institutional sentiment.
Key Numbers
- 41,897,912 — Shares Beneficially Owned (Total common stock shares of UnitedHealth Group Inc. held by FMR LLC and Abigail P. Johnson.)
- 4.529% — Percentage of Class (The percentage of UnitedHealth Group Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — Reporting Person and parent holding company
- Abigail P. Johnson (person) — Reporting Person, likely Chair and CEO of FMR LLC
- UNITEDHEALTH GROUP INC (company) — Issuer of the common stock
- 41,897,912 (dollar_amount) — Shares beneficially owned by FMR LLC and Abigail P. Johnson
- 4.529% (dollar_amount) — Percentage of UnitedHealth Group Inc. common stock beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, albeit potentially fluctuating, stake in UnitedHealth Group Inc. over the next year. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the CUSIP number for UNITEDHEALTH GROUP INC common stock?
The CUSIP number for UNITEDHEALTH GROUP INC common stock is 91324P102, as specified in the filing under 'Cusip #91324P102' and Item 2(e).
What percentage of UNITEDHEALTH GROUP INC common stock is beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 4.529% of UNITEDHEALTH GROUP INC common stock, as indicated in Item 11 for each reporting person.
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 41,897,912 shares of UNITEDHEALTH GROUP INC common stock, as stated in Item 7 and Item 9 for both reporting persons.
What rule is this Schedule 13G filed under?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box under 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed:'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding UNITEDHEALTH GROUP INC (UNH).