FMR LLC & Abigail Johnson Trim UnitedHealth Stake to 4.529%

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

From the Filing

0000315066-24-001530.txt : 20240209 0000315066-24-001530.hdr.sgml : 20240209 20240209100520 ACCESSION NUMBER: 0000315066-24-001530 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24612627 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.10 UNITEDHEALTH GROUP INC COMMON STOCK Cusip #91324P102 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) Cusip #91324P102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 38,225,479 Item 6: 0 Item 7: 41,897,912 Item 8: 0 Item 9: 41,897,912 Item 11: 4.529% Item 12: HC Cusip #91324P102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 41,897,912 Item 8: 0 Item 9: 41,897,912 Item 11: 4.529% Item 12: IN Item 1(a). Name of Issuer: UNITEDHEALTH GROUP INC Item 1(b). Address of Issuer's Principal Executive Offices: UnitedHealth Group Center, 9900 Bren Road East Minneapolis, MN 55343 Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 91324P102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 41,897,912 (b) Percent of Class: 4.529% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 41,897,912 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of UNITEDHEALTH GROUP INC. No one other person's interest in the COMMON STOCK of UNITEDHEALTH GROUP INC is more than five perce