Insiders Are Loading Up on These Two "Left For Dead" Sectors.
While most investors focus on tech companies, specifically those with exposure to AI… corporate insiders are aggressively buying several “left for dead” sectors.
Specifically, small regional banks and insurance firms.
We’ve noted previously that insiders were loading up on small regional bank plays earlier this year. That trend continues with recent purchases at Avidbank Holdings (AVBH), United Security Bancshares (UBFO, Avidia Bancorp, Inc. (AVBC), Pinnacle Financial Partners, Inc. (PNFP), and more.
They’re not the only ones.
Insiders are making LARGE concentrated bets on beaten down insurance plays.
By now practically, everyone knows about the problems at United Health Group (UNH). But what they might not know is that corporate insiders have bought over $30 million worth of UNH’s stock.
Director John Noseworthy bought 300 shares on May 14, 2025, at $312.16 per share, totaling about $93,648. That same day, Director Timothy Flynn, bought 1,533 shares, at $320.80 per share, amounting to approximately $491,786.
They weren’t the only ones. CEO Stephen Hemsley purchased 86,700 shares at an average price of $288.18 per share, totaling approximately $25 million.
The next day Director Kristen Gil acquired 3,700 shares at $271.17 per share, totaling roughly $1 million.
The day after that, President and CFO John F. Rex bought 17,175 shares valued at ~$5 million.
UNH shares have continue to struggle, but this situation warrants monitoring. These are SIZABLE buys by very significant insiders in a blue chip stock trading at its lowest valuation in a decade.
Another company recently experiencing some heavy buying is health insurer Elevance (ELV) which owns Anthem as well as BlueCross BlueShield. In mid-July, ELV reported 2Q25 earnings per share (EPS) of $8.84% while net income declined 12.6%. For most investors, the report was a disaster and ELV shares dropped ~20% in a single day.
CEO Gail Bordreaux loaded up on $2.4 MILLION worth of ELV stock on 7/18/25, the very next day after the earnings disaster. Here again ELV shares are struggling to catch a bid, but this is a VERY large purchase by the woman in charge of running the company.
Keep these two sectors on your watchlist… Whenever you see insiders buying up shares in numerous plays in a specific sector, it usually heralds that a bull run is coming. Will this time be different? We’ll see.
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Graham Summers, MBA
Chief Market Strategist
Phoenix Capital Research