Insiders Are Dumping These 5 Healthcare Stocks

1. Cigna Group (NYSE:CI)

Number of Hedge Fund Investors: 76

Insurance giant Cigna Group’s (NYSE:CI) President and CEO David Cordani on March 25 sold 31,209 shares of Cigna Group (NYSE:CI) at $355.17 per share. Since then the stock price ticked up 0.61%.

Here is what Davis New York Venture Fund has to say about The Cigna Group (NYSE:CI) in its Q3 2023 investor letter:

“In the attractive healthcare sector, we look beyond the obvious to identify businesses that simultaneously have exposure to this growth industry and also trade at low prices. We’re especially drawn to companies like Cigna Group, whose products or services play a part in helping to mitigate healthcare’s constantly rising costs. The healthcare industry has been a growing part of the U.S. economy for decades. As a result, many companies in this sector trade at high valuations reflecting their robust but well-known reputation for growth. For value-conscious investors like us, investing in healthcare requires looking beyond the obvious to identify businesses that have exposure to this growth industry but which trade at low prices. Furthermore, recognizing that the constantly rising cost of healthcare cannot go on forever, we have been particularly drawn to companies whose products or services play some role in managing or reducing the cost of care. As a result, we have positions in Cigna Group, a well-regarded provider of managed care.

Should you invest $1,000 in Cigna right now?

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