Insider Selling: Thomas A. Mccarthy Sells 7,206 Shares of CIGNA Stock (CI)
CIGNA (NYSE:CI) CFO Thomas A. Mccarthy sold 7,206 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $90.26, for a total transaction of $650,413.56. Following the completion of the transaction, the chief financial officer now directly owns 49,766 shares of the company’s stock, valued at approximately $4,491,879. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CIGNA (NYSE:CI) traded down 0.35% during mid-day trading on Monday, hitting $90.70. The stock had a trading volume of 1,658,799 shares. 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 $87.53 and a 200-day moving average of $83.82. The company has a market cap of $24.367 billion and a P/E ratio of 13.16.
CIGNA (NYSE:CI) last announced its earnings results on Thursday, May 1st. The company reported $1.83 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.72 earnings per share. The company’s quarterly revenue 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $90.77.
Cigna Corporation (NYSE:CI) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.