We recently published a list of 20 Most Expensive Stocks Insiders Are Dumping In March. In this article, we are going to take a look at where The Cigna Group (NYSE:CI) stands against other most expensive stocks insiders are dumping in March.
After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more “lenient than reciprocal,” suggesting a more relaxed approach, reports CNBC.
As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company’s future. However, insider selling doesn’t necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company’s financial health, market trends, and industry changes.
What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey’s insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales.
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With each stock, we note the average price per share of these sales and the stock’s market capitalization.
A homeowner happily smiling while holding a copy of their new insurance policy.
The Cigna Group (NYSE:CI)
Market Capitalization: $86.62 billion
The Cigna Group (NYSE:CI) is a global health services company offering insurance and healthcare solutions for individuals, employers, and government organizations. It ranks 19th 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, The Cigna Group (NYSE:CI) 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 (NYSE:CI) 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.
Overall, CI ranks 18th on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of CI our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
