• 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
Republican Kevin Hern profits from UNH stock while overseeing Medicare policy
next post
Schumer ‘forcefully’ told Biden he should drop his re-election bid: Report

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

  • Trump orders US withdrawal from World Health Organization

    January 21, 2025
  • Biden issues sweeping offshore oil, gas drilling ban in 625M acres of federal waters ahead of Trump transition

    January 6, 2025
  • Poll reveals most popular – and least-liked – parts of Trump’s agenda

    January 20, 2025
  • Pelosi addresses whether there’s ‘way back’ to Biden friendship after Dem pressure campaign to drop out

    August 11, 2024
  • KuCoin Fined $300M for Unlicensed U.S. Operations

    January 28, 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

  • Chuck Schumer will vote to keep government open: ‘For Donald Trump, a shutdown would be a gift’

    March 14, 2025
  • DAs may try to charge Jan. 6 participants granted clemency by Trump with new crimes on state, local levels

    January 27, 2025
  • Hegseth says US to boost ties with Philippines as deterrence against China: ‘Peace through strength’

    March 28, 2025

Recent Posts

  • Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

    January 29, 2025
  • Russia remains ‘active threat’ in influencing 2024 election, likely to focus on swing states: U.S. officials

    November 5, 2024
  • Regime-dominated Venezuelan Supreme Court rules Maduro election winner despite allegations of fraud

    August 23, 2024

Editor’s Pick

  • Morgan Stanley cuts ON Semiconductor to Underweight: Should you sell?

    July 11, 2024
  • Long SNV: Synovus Financial Finds Major Support at $39, Ready for Short-Term Slingshot Move

    August 6, 2024
  • Alina Habba accuses Kamala Harris of ‘committing a crime,’ covering up Biden’s health

    August 1, 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