5 Dividend Stocks Insiders Are Selling

2. CME Group Inc (NASDAQ:CME)

Number of Hedge Fund Investors: 55

Illinois-based CME Group Inc (NASDAQ:CME) is one of the dividend stocks that recently saw insider selling activity. On March 15,  Timothy Francis McCourt, Senior Managing Director and Global Head, Financial and OTC Products at CME Group Inc (NASDAQ:CME), sold 556 shares of CME Group Inc (NASDAQ:CME) at $217.50 per share. Since then the stock is down 0.87%.

L1 Capital International Fund stated the following regarding CME Group Inc. (NASDAQ:CME) in its fourth quarter 2023 investor letter:

“Other changes were relatively small, but targeted. For example, we reduced our investment in CME Group Inc. (NASDAQ:CME) and increased our investment in Intercontinental Exchange, two over-lapping but meaningfully differentiated derivatives exchanges. CME has benefitted from U.S. interest rate volatility and overall is a more defensive business compared to Intercontinental Exchange. We expect Intercontinental Exchange’s mortgage technology business to benefit from lower residential mortgage rates over time.”