John M. Murabito Sells 28,037 Shares of CIGNA Co. (CI) Stock

CIGNA Co. (NYSE:CI) EVP John M. Murabito sold 28,037 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $205.68, for a total value of $5,766,650.16. Following the completion of the transaction, the executive vice president now owns 60,290 shares in the company, valued at approximately $12,400,447.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

CIGNA Co. (CI) traded up $2.50 during mid-day trading on Friday, hitting $213.39. The stock had a trading volume of 1,151,291 shares, compared to its average volume of 1,240,000. CIGNA Co. has a 52 week low of $133.52 and a 52 week high of $213.73. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $52,610.00, a price-to-earnings ratio of 23.37, a PEG ratio of 1.44 and a beta of 0.51.

CIGNA (NYSE:CI) last issued its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. The business had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. CIGNA had a return on equity of 18.85% and a net margin of 5.74%. CIGNA’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.94 earnings per share. research analysts expect that CIGNA Co. will post 10.34 EPS for the current year.

A number of institutional investors have recently modified their holdings of CI. Investec Asset Management LTD lifted its holdings in CIGNA by 35.4% during the third quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock worth $345,764,000 after acquiring an additional 483,904 shares during the period. FMR LLC increased its position in CIGNA by 6.7% in the second quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock worth $1,156,604,000 after buying an additional 432,978 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in CIGNA by 4,082.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 438,231 shares of the health services provider’s stock worth $73,355,000 after buying an additional 427,754 shares during the last quarter. Vanguard Group Inc. increased its position in CIGNA by 2.5% in the second quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock worth $2,867,514,000 after buying an additional 424,469 shares during the last quarter. Finally, Numeric Investors LLC increased its position in CIGNA by 76.0% in the second quarter. Numeric Investors LLC now owns 714,702 shares of the health services provider’s stock worth $119,634,000 after buying an additional 308,702 shares during the last quarter. Institutional investors and hedge funds own 87.74% of the company’s stock.

CI has been the topic of several recent research reports. Jefferies Group increased their price target on CIGNA from $221.00 to $231.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research lowered CIGNA from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup raised their target price on CIGNA from $198.00 to $231.00 and gave the company a “buy” rating in a report on Friday, November 3rd. ValuEngine upgraded CIGNA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets assumed coverage on CIGNA in a report on Monday, October 16th. They issued a “market perform” rating and a $210.00 target price on the stock. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $205.18.

TRADEMARK VIOLATION NOTICE: This piece was posted by BBNS and is owned by of BBNS. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/john-m-murabito-sells-28037-shares-of-cigna-co-ci-stock/1826911.html.

About CIGNA

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.

Insider Buying and Selling by Quarter for CIGNA (NYSE:CI)

Receive News & Ratings for CIGNA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIGNA and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal


Leave a Reply

 
© 2006-2018 BBNS.