Top Buys by Directors: Garcia's $997.8K Bet on UNH

By Dividend Channel Staff, Friday, February 25, 1:37 PM ET

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Top Insider Buys By Company Directors »

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by company directors over the trailing six month period, one of which was a total of $997.8K by Paul R. Garcia, Director at UnitedHealth Group Inc (NYSE:UNH).

Garcia bets big on UNH:

Purchased	Insider	Title	Shares	Price/Share	Value
02/22/2022	Paul R. Garcia	Director	2,146	$464.97	$997,817.25

Garcia's average cost works out to $464.97/share. In trading on Friday, bargain hunters could buy shares of UnitedHealth Group Inc (NYSE:UNH) and achieve a cost basis lower than Garcia, with shares changing hands as low as $456.23 per share. Shares of UnitedHealth Group Inc were changing hands at $473.43 at last check, trading up about 3.9% on Friday. The chart below shows the one year performance of UNH shares, versus its 200 day moving average:

UnitedHealth Group Inc Chart

Looking at the chart above, UNH's low point in its 52 week range is $329.85 per share, with $509.23 as the 52 week high point — that compares with a last trade of $473.43.

The current annualized dividend paid by UnitedHealth Group Inc is $5.8/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/11/2022. Below is a long-term dividend history chart for UNH, which can be of good help in judging whether the most recent dividend with approx. 1.3% annualized yield is likely to continue.

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Top Buys by Directors: Garcia's $997.8K Bet on UNH

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