The VP & CAO of Cigna Corp (NYSE: CI) is Selling Shares

By Carrie Williams

Today, the VP & CAO of Cigna Corp (NYSE: CI), Mary Hoeltzel, sold shares of CI for $76.7K.

In addition to Mary Hoeltzel, 36 other CI executives reported Sell trades in the last month. Following Mary Hoeltzel’s last CI Sell transaction on February 28, 2017, the stock climbed by 3.3%.

Based on Cigna Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $9.93 billion and quarterly net profit of $382 million. In comparison, last year the company earned revenue of $9.56 billion and had a net profit of $426 million. The company has a one year high of $154.24 and a one year low of $115.03. CI’s market cap is $39.11B and the company has a P/E ratio of 21.14.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $167.50, reflecting a -9.1% downside.

The insider sentiment on Cigna Corp has been neutral according to 80 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Mary Hoeltzel’s trades have generated a -30.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Cigna Corp. provides medical, dental, disability, life and accident insurance and related products and services to businesses, governmental and non-governmental organizations and individuals. It operates through following segments: Global Health Care; Global Supplemental Benefits; Group Disability and Life; Other Operations; and Corporate. The Global Healthcare segment aggregates the Commercial and Government operating segments due to their similar economic characteristics, products and services and regulatory environment. The Global Supplemental Benefits segment includes supplemental health, life and accident insurance products offered in selected international markets and in the U.S. The Group Disability and Life segment provides group long-term and short-term disability, group life, accident and specialty insurance products and related services. The Other Operations segment consists of corporate-owned life insurance; run-off reinsurance business; deferred gains recognized from the sale of life insurance and annuity business and the sale of retirement benefits business; and run-off settlement annuity business. The Corporate segment reflects amounts not allocated to operating segments, such as net interest expense, interest on uncertain tax positions, certain litigation matters, intersegment eliminations, and compensation cost for stock options. The company was founded in 1981 and is headquartered in Bloomfield, CT.