20 Most Expensive Stocks Insiders Are Dumping In March

18. The Cigna Group (NYSE:CI)

Market Capitalization: $86.62 billion

Cigna is a global health services company offering insurance and healthcare solutions for individuals, employers, and government organizations. It ranks 19^th among the 20 priciest stocks insiders have been selling in March. The Bloomfield, Connecticut-based company provides services in areas like medical, dental, life, disability, and pharmacy benefits, with a focus on managed care. Through its Evernorth subsidiary, the company is expanding into health services, pharmacy benefit management, and digital health solutions. Cigna is also one of the 10 best undervalued stocks to buy according to billionaires.

In recent developments, Cigna confirmed the successful completion of the sale of its Medicare Advantage, Cigna Supplemental Benefits, Medicare Part D, and CareAllies businesses to Health Care Service Corporation (HCSC). The divestment of these assets should streamline the company’s portfolio and enable it to drive further innovation to support customers.

This month, four insiders, including the CEO, sold around $3.18 million worth of Cigna shares at an average price of $320.00 per share. Year-to-date, the stock is up 15.66%, trading at $319.39 per share. However, over the past 12 months, Cigna shares lost 10.72%.

TipRanks reports that 19 analysts rate Cigna stock as a “Strong Buy” with a price target of $366.22. The average price target suggests a potential upside of 14.62% from the latest price.