Humana’s top executives offloaded a significant sum of shares in late December, shedding about 107,077 Humana shares worth $37.7 million, Louisville Business First reported.
The selloff comes at a time when Humana’s share prices have been soaring, closing at a new all-time high of $365.88 on Dec. 16. Higher company earnings are matched with a rosy outlook for corporate tax cuts. In fact, 15 of Humana’s highest share price closings fell in November and December.
Humana CEO Bruce Broussard sold 62,700 shares for roughly $21.7 million, according to public filings.
Humana’s share prices, along with other major healthcare insurers, jumped on the news that a handful of Affordable Care Act taxes could be eliminated.
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Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."