Vanguard Amends 13G for UnitedHealth, Maintains Significant Stake

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

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, healthcare

TL;DR

**Vanguard still a major holder in UnitedHealth, good sign for stability.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its Schedule 13G on February 13, 2024, indicating its ownership of UnitedHealth Group Inc. common stock as of December 29, 2023. This filing, an amendment number 9, shows Vanguard continues to be a significant passive investor in UnitedHealth Group, holding a substantial stake that could influence the company's long-term stability. For investors, this means a large, stable institutional holder remains committed to UnitedHealth, potentially signaling confidence in the stock's future performance.

Why It Matters

This filing confirms Vanguard's continued substantial, passive ownership in UnitedHealth Group, signaling institutional confidence and potentially reducing volatility for shareholders.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces risk for the stock.

Analyst Insight

A smart investor would note Vanguard's continued passive ownership as a sign of long-term institutional confidence, which could contribute to stock stability, but this filing alone doesn't suggest immediate buying or selling action.

Key Players & Entities

Forward-Looking Statements

FAQ

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

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that The Vanguard Group is a passive institutional investor holding a significant stake in UnitedHealth Group Inc. and is updating its previous disclosure.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified with IRS Identification No. 23-1945930.

What is the subject company and its CUSIP number?

The subject company is UnitedHealth Group Inc., and the CUSIP number for its Common Stock is 91324P102.

When was the event that required this filing?

The date of the event which required the filing of this statement was December 29, 2023.

Which rule under the Securities Exchange Act of 1934 is this Schedule filed under?

This Schedule is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box.

From the Filing

0001104659-24-022182.txt : 20240213 0001104659-24-022182.hdr.sgml : 20240213 20240213171609 ACCESSION NUMBER: 0001104659-24-022182 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629814 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv02160-unitedhealthgroupinc.htm SCHEDULE 13G/A unitedhealthgroupinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  UnitedHealth Group Inc Title of Class of Securities:  Common Stock CUSIP Number:  91324P102 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  91324P102 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,222,040 7.  SOLE DISPOSITIVE POWER 79,872,598 8.  SHARED DISPOSITIVE POWER 3,973,552 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,846,150 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.07% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: UnitedHealth Group Inc Item 1(b) - Address of Issuer's Principal Executive Offices: United Health Group Center, 9900 Bren Road East Minnetonka, MN 55343 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Ad

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