Insiders Are Dumping These 5 Financial Stocks

2. CME Group Inc (NASDAQ:CME)

Number of Hedge Fund Investors: 55

Financial services company CME Group Inc (NASDAQ:CME) ranks second in our list of the financial stocks insiders are selling. Timothy Francis McCourt, Senior Managing Director and Global Head of Equity and FX, on March 15 sold 556 shares of CME Group Inc (NASDAQ:CME) at $217.50 per share. Over the past one month the stock is down 2.3%.

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.”