Insiders At Elevance Health Sold US$12m In Stock, Alluding To Potential Weakness

Simply Wall St.11-16

Over the past year, many Elevance Health, Inc. (NYSE:ELV) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually ...

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(NYSE:ELV) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually ...</p>\n\n<a href=\"https://finance.yahoo.com/news/insiders-elevance-health-sold-us-130021738.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1506573853.SGD","symbol_name":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/insiders-elevance-health-sold-us-130021738.html","article_id":"2483159035","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0GlPPIYVXPq8tJe6jCm9oQ--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/51205512c711d77f69d43f584dc913e4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483159035","pubTimestamp":1731762021,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Over the past year, many Elevance Health, Inc.  insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.The Last 12 Months Of Insider Transactions At Elevance Health. An insider sold Elevance Health shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Elevance Health is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. 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(NYSE:ELV) insiders sold a significant stake in the company which may have piqued investors' interest. Knowing whether insiders are buying is usually more helpful when evaluating insider transactions, as insider selling can have various explanations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag. \n While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. \n See our latest analysis for Elevance Health \n The Last 12 Months Of Insider Transactions At Elevance Health \n The Executive VP & President of Government Health Benefits, Felicia Norwood, made the biggest insider sale in the last 12 months. That single transaction was for US$6.8m worth of shares at a price of US$535 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$401. So it may not tell us anything about how insiders feel about the current share price. \n In the last year Elevance Health insiders didn't buy any company stock. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! \n\n\n\n  NYSE:ELV Insider Trading Volume November 16th 2024\n \n\n For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket. \n Insiders At Elevance Health Have Sold Stock Recently \n The last quarter saw substantial insider selling of Elevance Health shares. Specifically, Executive VP & President of Commercial Health Benefits Charles Kendrick ditched US$3.2m worth of shares in that time, and we didn't record any purchases whatsoever. Overall this makes us a bit cautious, but it's not the be all and end all. \n Insider Ownership Of Elevance Health \n Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Elevance Health insiders own 0.1% of the company, worth about US$118m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. \n What Might The Insider Transactions At Elevance Health Tell Us? \n An insider sold Elevance Health shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. But since Elevance Health is profitable and growing, we're not too worried by this. It is good to see high insider ownership, but the insider selling leaves us cautious. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Case in point: We've spotted 2 warning signs for Elevance Health you should be aware of. \n But note: Elevance Health may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. \nFor the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.\nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483159035"}