U.S. healthcare insurer stocks declined in late Friday trading after President Donald Trump announced plans to meet with insurance companies in coming weeks to push for lower prices.

Following Trump's remarks, shares of Humana (HUM), UnitedHealthcare (UNH), Cigna (CI), CVS Health (CVS), and Elevance Health (ELV) either pared gains or extended losses. The comments came at the conclusion of a press event where Trump announced pricing agreements with nine pharmaceutical companies.

"I'm going to be meeting with the big insurance companies that have become very wealthy," Trump stated, adding that he would pressure them to reduce costs.

"Maybe with just one meeting, they’ll cut prices by 50%, 60%, or even 70%. They’ve been making a fortune," he said.