Noteworthy Insider Buying and Selling at MiMedx Group, Aetna & Others

FleetCor Technologies Registered Noteworthy Cluster of Insider Selling This Week

FleetCor Technologies Inc. (NYSE:FLT) had seven different insider sell shares earlier this week, but some insider selling was related to freshly-exercised stock options. So let’s have a look at the most prominent insider sales that had nothing to do with stock options. To start with, President and Chief Executive Officer Ronald F. Clarke discarded 290,000 shares on Tuesday at a price of $150.42 per share, cutting his overall holding to 449,283 shares. Moreover, Timothy J. Downs, President of Corporate Lodging Consultants, sold 13,180 shares on the same day for $152.35 each, which trimmed his ownership to 12,330 shares. Board member Mark A. Johnson unloaded 20,000 units of common stock on Tuesday at a price of $151.80 per unit, after which Mr. Johnson continues to own 99,824 units.

The global provider of fuel cards, commercial payment and data solutions, and workforce payment products and services has seen its market value gain 5% since the beginning of the year despite encountering significant macroeconomic headwinds. The recent spike in insider selling comes shortly after FleetCor Technologies Inc. (NYSE:FLT) released a strong first-quarter earnings report. John Armitage’s Egerton Capital Limited acquired a new stake of 411,132 shares of FleetCor Technologies Inc. (NYSE:FLT) during the first quarter.

Giant Health Insurer Had Executive Sell Big Block of Shares This Week

Aetna Inc. (NYSE:AET) registered a massive insider sale earlier this week. Margaret M. McCarthy, Executive Vice President of Operations and Technology, offloaded 39,169 shares on Tuesday at prices varying from $114.35 to $114.55 per share, cutting her holding to 56,240 shares.

The health insurance giant, which agreed to acquire Humana Inc. (NYSE:HUM) for a rough sum of $37 billion in July 2015, recently revealed plans to continue its Obamacare health insurance business on the public exchanges of all 15 states it currently operates and may expand into new markets as well. This business involves selling individual coverage on exchanges created by the Affordable Care Act, but most insurers have missed profits expectations mainly because of losses generated by their individual Obamacare businesses. Aetna Inc. (NYSE:AET) shares are up by 44% in the past two years and are still trading into positive territory for the year, so some long-term employees may seek to diversify their holdings. Ric Dillon’s Diamond Hill Capital acquired a 788,496-share stake in Aetna Inc. (NYSE:AET) during the March quarter.

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