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UnitedHealth Group’s (UNH) awful spring has scared off many investors, but given its size and inclusion in benchmark indexes like the S&P 500 Index ($SPX), it is widely owned by institutions. Plus, corporate insiders have been buying up shares on the dip.
UnitedHealth reported its Q1 numbers on April 17, which is before the March 31 cutoff for Q1 13F reports and prior to the nasty 25% drop in the stock in just the last month. UnitedHealth missed earnings expectations, slashed guidance, the CEO left, and the company was hit with a Justice Department probe.