CIGNA CEO David Cordani Sells 133,523 Shares (CI)
CIGNA (NYSE:CI) CEO David Cordani sold 133,523 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $89.73, for a total transaction of $11,981,018.79. Following the completion of the sale, the chief executive officer now directly owns 234,123 shares of the company’s stock, valued at approximately $21,007,857. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CIGNA in a research note on Tuesday, June 3rd. 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.79.
Shares of CIGNA (NYSE:CI) traded up 1.80% during mid-day trading on Wednesday, hitting $91.46. 1,837,491 shares of the company’s stock traded hands. CIGNA has a 1-year low of $67.87 and a 1-year high of $91.63. The stock has a 50-day moving average of $86.23 and a 200-day moving average of $83.76. The company has a market cap of $24.571 billion and a price-to-earnings ratio of 12.99.
CIGNA (NYSE:CI) last announced its earnings results 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. On average, analysts predict that CIGNA will post $7.30 earnings per share for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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