Cigna Corporation (CI) EVP Alan Muney Sells 15,345 Shares
Cigna Corporation (NYSE:CI) EVP Alan Muney sold 15,345 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $200.80, for a total transaction of $3,081,276.00. Following the sale, the executive vice president now owns 28,457 shares of the company’s stock, valued at approximately $5,714,165.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Cigna Corporation (CI) traded up $5.90 on Thursday, reaching $211.73. 2,069,270 shares of the company’s stock traded hands, compared to its average volume of 1,355,183. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.37. Cigna Corporation has a 12 month low of $131.03 and a 12 month high of $212.46. The firm has a market cap of $49,445.54, a PE ratio of 19.32, a P/E/G ratio of 1.53 and a beta of 0.49.
Cigna (NYSE:CI) last posted its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. Cigna had a net margin of 5.74% and a return on equity of 18.85%. The business had revenue of $10.38 billion for the quarter, compared to analysts’ expectations of $10.17 billion. During the same period in the prior year, the company posted $1.94 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. sell-side analysts anticipate that Cigna Corporation will post 10.34 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of CI. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Cigna during the 2nd quarter worth $106,000. Saratoga Research & Investment Management purchased a new stake in shares of Cigna in the 3rd quarter worth about $112,000. Horan Capital Advisors LLC. purchased a new stake in shares of Cigna in the 3rd quarter worth about $123,000. Parallel Advisors LLC boosted its position in shares of Cigna by 62.3% in the 2nd quarter. Parallel Advisors LLC now owns 800 shares of the health services provider’s stock worth $139,000 after buying an additional 307 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Cigna by 66.7% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the health services provider’s stock worth $167,000 after buying an additional 400 shares in the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently weighed in on CI shares. Jefferies Group boosted their price objective on shares of Cigna from $201.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Cigna from a “hold” rating to a “buy” rating and set a $214.00 price objective for the company in a research report on Monday, October 9th. Piper Jaffray Companies restated a “buy” rating and set a $191.00 price objective on shares of Cigna in a research report on Sunday, September 17th. Deutsche Bank boosted their price objective on shares of Cigna from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Finally, Credit Suisse Group restated a “buy” rating and set a $196.00 price objective on shares of Cigna in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $201.50.
Cigna Company Profile
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.
Receive News & Ratings for Cigna Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cigna Corporation and related companies with MarketBeat.com's FREE daily email newsletter.