Former Vanguard CEO picks up 6,430 UnitedHealth shares

The former chairman and CEO of investment company Vanguard Group purchased 6,430 UnitedHealth Group shares May 1, according to a filing with the Securities and Exchange Commission.

William McNabb III, who joined UnitedHealth's board in February 2018 after stepping down as Vanguard's CEO a month prior, now owns 7,879 UnitedHealth shares, according to Barron's. Mr. McNabb paid $1.5 million for his latest purchase.

Mr. McNabb's purchase of stock on the open market was the first by any of UnitedHealth's insiders in five years, according to Barron's. So far this year, UnitedHealth stock is in the red, down 6.9 percent year-to-date.

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