Insider Selling: John M. Murabito Sells 17,519 Shares of CIGNA Stock (CI)
CIGNA (NYSE:CI) EVP John M. Murabito unloaded 17,519 shares of CIGNA stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $91.25, for a total transaction of $1,598,608.75. Following the completion of the sale, the executive vice president now directly owns 84,291 shares in the company, valued at approximately $7,691,554. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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’s 50-day moving average is $86.60 and its 200-day moving average is $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 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. On average, analysts predict that CIGNA will post $7.30 earnings per share for the current fiscal year.
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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. CIGNA has an average rating of “Buy” and an average price target of $90.77.
Cigna Corporation (NYSE:CI) is a holding company.
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