CIGNA EVP Sells $171,300 in Stock (CI)
CIGNA (NYSE:CI) EVP Nicole S. Jones sold 1,882 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $91.02, for a total transaction of $171,299.64. Following the sale, the executive vice president now directly owns 3,456 shares of the company’s stock, valued at approximately $314,565. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on CI shares. 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. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $90.77.
CIGNA (NYSE:CI) traded down 0.79% on Thursday, hitting $90.74. 1,360,187 shares of the company’s stock traded hands. CIGNA has a 52-week low of $67.87 and a 52-week high of $91.63. The stock has a 50-day moving average of $86.60 and a 200-day moving average of $83.81. The company has a market cap of $24.377 billion and a price-to-earnings ratio of 13.22.
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. Analysts expect that CIGNA will post $7.30 EPS for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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