UnitedHealth CEO buys record 20,000 shares

UnitedHealth Group CEO David Wichmann purchased a record 20,000 UnitedHealth shares May 3, according to a filing with the Securities and Exchange Commission.

Mr. Wichmann now owns 904,367 shares in the company, plus another 237 through a 401(k) plan. At an average price of $231.79 per share, his latest purchase totaled $4.6 million, according to Barron's.

Mr. Wichmann's purchase is the largest open-market stock buy made by a UnitedHealth insider since at least 2007, according to S&P Capital IQ data cited by Barron's. The transaction comes two days after the former chairman and CEO of investment company Vanguard Group purchased 6,430 UnitedHealth shares.

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