Insider Selling: John Murabito Sells 24,333 Shares of Cigna Corporation Stock (CI)
Cigna Corporation (NYSE:CI) EVP John Murabito sold 24,333 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $81.07, for a total value of $1,972,676.31. Following the completion of the sale, the executive vice president now directly owns 119,213 shares in the company. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cigna Corporation (NYSE:CI) in a research note to investors on Monday. They now have a $85.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Cigna Corporation (NYSE:CI) from $76.00 to $85.00 in a research note to investors on Tuesday, August 6th. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Cigna Corporation (NYSE:CI) from $69.00 to $81.00 in a research note to investors on Friday, August 2nd. They now have a “neutral” rating on the stock.
Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $75.41.
Cigna Corporation (NYSE:CI) traded up 1.26% on Tuesday, hitting $81.69. The stock had a trading volume of 946,075 shares. Cigna Corporation has a 52-week low of $45.80 and a 52-week high of $81.75. The stock has a 50-day moving average of $78.52 and a 200-day moving average of $69.88. The company has a market cap of $23.105 billion and a price-to-earnings ratio of 16.22.
Cigna Corporation (NYSE:CI) last released its earnings data on Thursday, August 1st. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.18. The company had revenue of $7.98 billion for the quarter, compared to the consensus estimate of $7.38 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Cigna Corporation will post $6.63 EPS for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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