Cigna (CI) sees Significant Insider Sales Extending the Trend of Last Quarter

Friday, January 12, 2018 10:15 PM ET

Cigna (CI) sees Significant Insider Sales Extending the Trend of Last Quarter

There was a notable level of insider selling revealed today in filings with the SEC for Cigna. Two insiders — William D Zollars, Director, and John M Murabito, Officer — disposed of 28,249 shares in the company for approximately $5,810,254. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 212 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 28,461 shares and have averaged 9,487 shares per transaction over this time period.

This number of buy-sell trades at Cigna is near average for the 11 member peer company. The Managed Healthcare peer group saw 38 buy/sell trades during this period for an average of 3.5 transactions per company. However, trading at Cigna represents a lower number of shares per transaction. Within the peer group there were 0 shares purchased and 1,199,684 shares sold with company insiders having sold 31,571 shares on average over this time period.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data sourced to create and write this story.

Today’s Insider Activity
* William D Zollars, Director, sold 212 shares
* John M Murabito, Officer, sold 28,037 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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