Cigna Corporation (CI) Insider Jason D. Sadler Sells 37,756 Shares
Cigna Corporation (NYSE:CI) insider Jason D. Sadler sold 37,756 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $176.16, for a total transaction of $6,651,096.96. Following the transaction, the insider now owns 47,844 shares of the company’s stock, valued at $8,428,199.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Cigna Corporation (NYSE:CI) traded up 1.39% during mid-day trading on Wednesday, hitting $178.08. 1,508,798 shares of the company traded hands. The firm’s 50 day moving average price is $171.37 and its 200-day moving average price is $158.04. Cigna Corporation has a 1-year low of $115.03 and a 1-year high of $178.50. The stock has a market capitalization of $45.59 billion, a PE ratio of 23.78 and a beta of 0.46.
Cigna Corporation (NYSE:CI) last issued its earnings results on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.43. The company had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 7.46% and a return on equity of 17.40%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. On average, equities research analysts forecast that Cigna Corporation will post $10.00 EPS for the current year.
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Several research analysts have commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $190.00 price objective on shares of Cigna Corporation in a research report on Friday, August 4th. Zacks Investment Research downgraded shares of Cigna Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Royal Bank Of Canada restated a “buy” rating and set a $185.00 price objective on shares of Cigna Corporation in a research report on Wednesday. ValuEngine cut shares of Cigna Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub cut shares of Cigna Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Cigna Corporation currently has a consensus rating of “Buy” and an average target price of $180.06.
A number of large investors have recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Cigna Corporation during the first quarter worth about $205,000. Guardian Life Insurance Co. of America raised its stake in shares of Cigna Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock worth $145,000 after buying an additional 7 shares during the period. Asset Advisors Corp raised its stake in shares of Cigna Corporation by 7.3% in the first quarter. Asset Advisors Corp now owns 29,845 shares of the health services provider’s stock worth $4,372,000 after buying an additional 2,025 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Cigna Corporation by 3.5% in the first quarter. Wetherby Asset Management Inc. now owns 4,159 shares of the health services provider’s stock worth $609,000 after buying an additional 140 shares during the period. Finally, First Manhattan Co. raised its stake in shares of Cigna Corporation by 4.5% in the first quarter. First Manhattan Co. now owns 9,910 shares of the health services provider’s stock worth $1,291,000 after buying an additional 424 shares during the period. 86.91% of the stock is currently owned by institutional investors and hedge funds.
About Cigna Corporation
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.
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