John M. Murabito Sells 6,099 Shares of CIGNA Co. (CI) Stock
CIGNA Co. (NYSE:CI) EVP John M. Murabito sold 6,099 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $220.10, for a total transaction of $1,342,389.90. Following the completion of the sale, the executive vice president now owns 68,026 shares in the company, valued at approximately $14,972,522.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
CIGNA Co. (NYSE:CI) opened at $220.75 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $54,430.00, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 1.46 and a beta of 0.51. CIGNA Co. has a 12-month low of $141.93 and a 12-month high of $221.23.
CIGNA (NYSE:CI) last posted its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.47. The firm had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. CIGNA had a net margin of 5.74% and a return on equity of 18.85%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.94 earnings per share. equities analysts forecast that CIGNA Co. will post 10.34 EPS for the current year.
CI has been the topic of several analyst reports. Jefferies Group raised their price target on shares of CIGNA from $221.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of CIGNA from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Citigroup raised their price objective on shares of CIGNA from $198.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. ValuEngine upgraded shares of CIGNA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, BMO Capital Markets assumed coverage on shares of CIGNA in a research note on Monday, October 16th. They set a “market perform” rating and a $210.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $205.18.
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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.
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