BlackRock Amends UnitedHealth Stake, Signals Continued Confidence

Ticker: UNH · Form: SC 13G/A · Filed: 2024-02-06T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

Related Tickers: UNH

TL;DR

**BlackRock still holds a big chunk of UnitedHealth, signaling long-term confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of UNITEDHEALTH GROUP INCORPORATED's Common Stock as of December 31, 2023. This filing, Amendment No. 14, updates previous disclosures, showing BlackRock's continued significant, passive stake in UnitedHealth Group. This matters to investors because BlackRock is a major institutional investor, and its sustained large holding signals confidence in UnitedHealth Group's long-term prospects, potentially influencing other investors' perceptions and decisions.

Why It Matters

This filing confirms BlackRock, a major institutional investor, maintains a significant passive stake in UnitedHealth Group, which can be seen as a vote of confidence in the company's stability and future performance.

Risk Assessment

Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or positive risks to the company.

Analyst Insight

Investors should note BlackRock's continued passive stake in UnitedHealth Group, which suggests a stable, long-term institutional interest. While not a direct buy signal, it indicates a major player sees value in holding the stock.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment (indicated by 'A') to a Schedule 13G. It's typically filed by institutional investors like BlackRock Inc. to report passive ownership of 5% or more of a company's stock, as per Rule 13d-1(b) checked in the filing.

Who is the reporting entity in this filing?

The reporting entity is BlackRock Inc., identified by CIK 0001364742, with its business address at 50 Hudson Yards, New York, NY 10001.

Which company's securities are being reported on?

The securities being reported on are the Common Stock of UNITEDHEALTH GROUP INCORPORATED, identified by CIK 0000731766 and CUSIP Number 91324P102.

What is the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.

What is the amendment number for this specific filing?

This specific filing is Amendment No. 14, as indicated in the 'Amendment No: 14' section of the Schedule 13G.

From the Filing

0001086364-24-006709.txt : 20240206 0001086364-24-006709.hdr.sgml : 20240206 20240206102716 ACCESSION NUMBER: 0001086364-24-006709 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: UNITEDHEALTH GROUP INC CENTRAL INDEX KEY: 0000731766 STANDARD INDUSTRIAL CLASSIFICATION: HOSPITAL & MEDICAL SERVICE PLANS [6324] ORGANIZATION NAME: 02 Finance IRS NUMBER: 411321939 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36526 FILM NUMBER: 24598662 BUSINESS ADDRESS: STREET 1: UNITEDHEALTH GROUP CENTER STREET 2: 9900 BREN ROAD EAST CITY: MINNEAPOLIS STATE: MN ZIP: 55343 BUSINESS PHONE: 9529361300 MAIL ADDRESS: STREET 1: 9900 BREN ROAD EAST CITY: MINNETONKA STATE: MN ZIP: 55343 FORMER COMPANY: FORMER CONFORMED NAME: UNITED HEALTHCARE CORP/ DATE OF NAME CHANGE: 20000309 FORMER COMPANY: FORMER CONFORMED NAME: UNITED HEALTHCARE CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us91324p1021_020524.txt us91324p1021_020524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 14) UNITEDHEALTH GROUP INCORPORATED -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 91324P102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 91324P102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 66008588 (6) Shared voting power 0 (7) Sole dispositive power 72595811 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 72595811 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- UNITEDHEALTH GROUP INCORPORATED Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 9900 BREN ROAD EAS

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