Insider Selling: Jason D. Sadler Sells 11,000 Shares of CIGNA Stock (CI)
CIGNA (NYSE:CI) Insider Jason D. Sadler sold 11,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $93.02, for a total transaction of $1,023,220.00. Following the completion of the transaction, the insider now directly owns 16,787 shares in the company, valued at approximately $1,561,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CI shares. Analysts at Zacks reiterated a “neutral” rating on shares of CIGNA in a research note on Tuesday, August 12th. They now have a $95.00 price target on the stock. Separately, analysts at Leerink Swann raised their price target on shares of CIGNA from $100.00 to $110.00 in a research note on Monday, August 4th. Finally, analysts at BMO Capital Markets raised their price target on shares of CIGNA from $100.00 to $101.00 in a research note on Friday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $97.00.
Shares of CIGNA (NYSE:CI) traded up 0.29% during mid-day trading on Wednesday, hitting $93.95. The stock had a trading volume of 575,801 shares. CIGNA has a one year low of $72.64 and a one year high of $97.28. The stock has a 50-day moving average of $93.16 and a 200-day moving average of $85.83. The company has a market cap of $24.786 billion and a P/E ratio of 12.86.
CIGNA (NYSE:CI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $8.73 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that CIGNA will post $7.36 earnings per share for the current fiscal year.
Cigna Corporation (NYSE:CI) is a holding company.
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