CIGNA Insider Matthew G. Manders Sells 9,905 Shares (CI)
CIGNA (NYSE:CI) Insider Matthew G. Manders unloaded 9,905 shares of CIGNA stock on the open market in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $87.79, for a total transaction of $869,559.95. Following the sale, the insider now directly owns 51,736 shares of the company’s stock, valued at approximately $4,541,903. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
CIGNA (NYSE:CI) traded down 0.01% on Wednesday, hitting $88.39. The stock had a trading volume of 1,500,764 shares. CIGNA has a 52-week low of $65.54 and a 52-week high of $90.63. The stock has a 50-day moving average of $81.0 and a 200-day moving average of $82.53. The company has a market cap of $23.746 billion and a P/E ratio of 12.78.
CIGNA (NYSE:CI) last released its earnings data on Thursday, May 1st. The company reported $1.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.54 by $0.29. The company had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $7.72 billion. During the same quarter last year, the company posted $1.72 earnings per share. CIGNA’s revenue was up 3.8% compared to the same quarter last year. Analysts expect that CIGNA will post $7.30 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of CIGNA in a research note on Friday, May 2nd. They now have a $88.00 price target on the stock. Separately, analysts at Oppenheimer raised their price target on shares of CIGNA from $94.00 to $97.00 in a research note on Friday, May 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of CIGNA from $79.00 to $83.00 in a research note on Friday, May 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $89.93.
Cigna Corporation (NYSE:CI) is a holding company.
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