Insider Selling: David D. Guilmette Unloads 6,591 Shares of CIGNA Stock (CI)
CIGNA (NYSE:CI) Insider David D. Guilmette sold 6,591 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $90.19, for a total transaction of $594,442.29. Following the sale, the insider now directly owns 37,150 shares in the company, valued at approximately $3,350,559. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of CIGNA (NYSE:CI) traded up 0.01% on Wednesday, hitting $90.41. The stock had a trading volume of 1,159,621 shares. CIGNA has a 1-year low of $65.54 and a 1-year high of $90.78. The stock’s 50-day moving average is $84.74 and its 200-day moving average is $83.58. The company has a market cap of $24.289 billion and a P/E ratio of 13.07.
CIGNA (NYSE:CI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.83 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.72 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that CIGNA will post $7.32 EPS for the current fiscal year.
CI has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CIGNA in a research note on Tuesday. They now have a $95.00 price target on the stock, down previously from $96.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of CIGNA in a research note on Friday, May 16th. They now have a $92.00 price target on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. CIGNA has a consensus rating of “Buy” and a consensus price target of $89.79.
Cigna Corporation (NYSE:CI) is a holding company.
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