• 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
GOP lawmaker rips Biden’s ‘weak’ foreign policy record in preview of RNC speeches: ‘Global laughingstock’
next post
Republican Kevin Hern profits from UNH stock while overseeing Medicare policy

related articles

Asian markets close: Nikkei, Kospi down; Sensex closes...

May 19, 2025

Qualcomm unveils AI chips for data centres with...

May 19, 2025

Best crypto to buy now: Bitcoin Pepe leads...

May 19, 2025

JPMorgan cuts Netflix rating, citing balanced risk-reward post-rally;...

May 19, 2025

Bitcoin ETF open interest dips 5% to $29.47B...

May 19, 2025

US stocks slip in the red on Monday:...

May 19, 2025

Should Klarna IPO remain on watch list after...

May 19, 2025

Why this brokerage downgraded UnitedHealth’s rating to ‘hold’

May 19, 2025

Nvidia opens NVLink Fusion ecosystem, expands Taiwan footprint...

May 19, 2025

Cathie Wood says Trump’s tariffs could unlock tech...

May 19, 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

  • Understanding Forex Trading: A Comprehensive Overview

    September 13, 2024
  • Trump promises ‘hell to pay’ in Middle East if hostages are not released before he takes office

    December 2, 2024
  • The S&P 500 and Nasdaq are driving the recovery

    July 30, 2024
  • Will your job survive Trump’s Gen AI revolution?

    January 3, 2025
  • Biden’s EPA pushed to ‘de-gender’ agency bathrooms, hire more LGBTQ staff, unearthed memo reveals

    March 12, 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 (4,721)
  • Investing (624)
  • Stock (773)

Latest Posts

  • Tension builds around Tulsi Gabbard’s confirmation with key GOP Senators undecided

    January 30, 2025
  • Ripple and Tron: Ripple is moving to the bearish side again

    July 18, 2024
  • House GOP leaders demand accountability on Trump assassination attempt: ‘So many questions’

    July 18, 2024

Recent Posts

  • U.S. Steel sues Biden admin, union boss after president blocks acquisition deal

    January 7, 2025
  • Tracking Kamala Harris’ policy reversals: A comprehensive list of key issue flip-flops

    August 15, 2024
  • Federal judge delays Labor Department’s request to block DOGE access

    February 14, 2025

Editor’s Pick

  • Elon Musk’s politics are hurting Tesla, 85% say in investor survey

    March 13, 2025
  • Iran’s foreign minister responds to Trump ‘maximum pressure’ campaign amid regime panic

    February 5, 2025
  • JD Vance, others say Biden should resign presidency if he drops out of the race

    July 20, 2024
  • 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