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Shares of UnitedHealth Group (NYSE:UNH) soared on Friday with news that several prominent investors had purchased shares of the health insurance company.
A well-known member of Congress is also buying up shares and adding to her position.
Rep. Marjorie Taylor Greene (R-Ga.) bought more UnitedHealth stock, according to new filings reported on the Benzinga Government Trades page.
In a new filing, Greene revealed four new investments made on Aug. 4, which are listed below:
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Bought $1,000 to $15,000 in AbbVie Inc (NYSE:ABBV) stock
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Bought $1,000 to $15,000 in United Parcel Service (NYSE:UPS) stock
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Bought $1,000 to $15,000 in UnitedHealth stock
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Bought $50,000 to $100,000 in US Treasury Bills
The latest purchase follows several other investments in UnitedHealth stock by Greene in 2025. The Congresswoman also disclosed buying shares in May. On May 14, Greene purchased $15,000 to $50,000 worth of shares. On May 16, Greene purchased shares worth between $1,000 and $15,000.
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With a current share price of $307.83 at the time of writing and a share range of $236.95 to $242.25 on Aug. 4, the Congresswoman is up at least 27.1% from that trade made less than two weeks ago.
The other two trades this year have not performed as well. Here are the price ranges from the two May dates and return for Greene based on the highest price of the stock that day:
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May 14: $307.11 to $322.94, -4.&%
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May 16: $269.14 to $294.49, +4.5%
The Congresswoman could have had better returns depending on the price paid. UnitedHealth stock fell sharply around the time of the May 16 purchase, with the company announcing CEO Andrew Witty was stepping down and that they were withdrawing guidance.
The latest disclosure from Greene follows filings from prominent investors, such as Warren Buffett and Michael Burry, which revealed long positions in the health insurance company.
Buffett revealed a stake of more than five million shares in filings from Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK).
Big Short investor Burry, who leads Scion Asset Management, revealed a long position in UnitedHealth via shares and call options.
Citron Research also revealed Friday that Andrew Left was long UnitedHealth stock.
Burry and Left are best known for short positions against stocks, making their long stakes in the future success of UnitedHealth particularly interesting to investors.
