• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

by July 18, 2024
written by July 18, 2024

Kevin Hern, the Republican Representative from Oklahoma, made a notable transaction in UnitedHealth Group (UNH) stock last month. He purchased between $1,000 and $15,000 worth of UNH stock, which has since appreciated by 16%.

UNH earnings report triggers stock gains

A robust UNH earnings report was the primary driver behind these gains. Although the stock initially dipped following the earnings announcement, it quickly rebounded during regular trading and has continued to rise.

Despite a cybersecurity breach earlier this year, which is expected to cost the company $2.05 per share, UNH showed a 6.5% year-over-year improvement in revenue, highlighting its strong performance.

Additionally, the company raised its dividend by 12% last month, marking the 15th consecutive year of dividend increases.

Kevin Hern’s timely trade raises questions

Politicians frequently trade US stocks, and such activities are regulated by the Stock Act, which requires them to disclose transactions within 45 days.

Previously, disclosures were only required annually. However, the Stock Act does not prevent politicians from trading stocks of companies over which they may have influence.

Kevin Hern sits on the Ways and Means Committee and is a member of the Health Subcommittee.

Through his roles, he directly influences policies related to Medicare, which is a significant source of revenue for UnitedHealth Group.

UnitedHealth Group’s Medicare and Retirement segment is its largest revenue source, accounting for 26% of the company’s total revenue, with inflows expected to reach $139 billion this year. This raises concerns about Hern’s stock transactions, given his involvement in Medicare policy.

Long-term interests in UNH stock

While this recent trade is notable, Hern appears to have a long-term interest in UNH stock.

He has been accumulating shares since the Biden administration took office.

His first purchase in September 2021 was substantial, ranging from $250,000 to $500,000. Since then, the stock has appreciated by 42%, providing him with a solid 13.24% compound annual growth rate (CAGR). Hern has continued to add to his holdings every three months.

Finally, the question remains whether politicians who influence policies like Medicare should be allowed to trade in companies significantly impacted by those policies. This is a matter for the American public to consider, though it is unlikely that regulators will promptly address the issue.

The post Republican Kevin Hern profits from UNH stock while overseeing Medicare policy appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
ApeCoin and Akita Inu: ApeCoin continues its bullish trend
next post
Solana and Cardano: Solana is waiting for a new impulse

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Trump nominates Kash Patel to serve as FBI director: ‘Advocate for truth’

    December 1, 2024
  • Netanyahu goes against doctor’s orders, appears in Israeli parliament after surgery

    December 31, 2024
  • Vienna tops Global Livability Index 2024; Damascus, Tripoli, Caracas among worst-performing cities

    July 12, 2024
  • Kamala Harris still unclear on whether she would stop weapons shipments to Israel

    September 3, 2024
  • CRO price jumps 14% as Crypto.com seals crypto ETF deal with Trump Media

    April 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,005)
  • Investing (634)
  • Stock (809)

Latest Posts

  • Trump targets massive investments in first Middle East trip

    May 13, 2025
  • Oil and natural gas: Oil finds new support this morning

    August 21, 2024
  • Russell Vought confirmed to head government’s leading budget office after Dems hold 30-hour protest

    February 7, 2025

Recent Posts

  • Senators leapfrog House Republicans on anticipated Trump budget bill

    February 5, 2025
  • Celsius (CELH) gets oversold ahead of earnings: buy or sell?

    August 5, 2024
  • Ripple and Tron: Tron under pressure is going to a new low

    July 23, 2024

Editor’s Pick

  • Federal Reserve fines Walmart-linked Green Dot Corp $44 million after customers lost access to funds

    July 22, 2024
  • David Marcus: Meet the RFK Jr voters who could cause an earthquake in the 2024 election

    August 22, 2024
  • Supreme Court rules DOGE can access Social Security information

    June 6, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock