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

Wednesday, January 17, 2018 10:15 PM ET

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

SEC filings today reported significant insider sales of Cigna shares as two insiders — Dr Jane E Henney, Director, and Donna F Zarcone, Director — disposed of 6,371 shares in the company having a market value of approximately $1,371,487. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 28,461 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 34,832 shares and have averaged 6,966 shares per transaction over this time period.

The number of insider buy/sell trades at Cigna is greater than that of the 11 peer company average over the last 90-day period. The Managed Healthcare peer group saw 39 buy/sell trades during this period for an average of 3.5 transactions per company. However, the number of shares traded per transaction by Cigna insiders is lower than its peers. Within the peer group there were 0 shares purchased and 1,205,433 shares sold with company insiders selling 30,909 shares on average over this time period.

The data sourced in evaluating and writing in this story eliminates 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.

Today’s Insider Activity
* Dr Jane E Henney, Director, sold 400 shares
* Donna F Zarcone, Director, sold 5,971 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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