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Cigna to spend about $52 billion for Express Scripts

19 March 2018

The insurance company employs more than 4,000 workers in the state.

A number of other equities analysts also recently weighed in on the company. The outcome of the ongoing antitrust review of the CVS-Aetna deal could reveal if there are any problems for Cigna and Express Scripts, but several Wall Street analysts did not predict meaningful antitrust issues. Anthem since then said it would not renew its PBM contract with Express Scripts. Institutional investors own 89.08% of the company's stock. Famed investor Mark Cuban says it will produce "the world's first trillionaires", but that should still leave plenty of money for regular investors who make the right trades early. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

On 12/15/2017 Christine Houston, VP, sold 10,104 with an average share price of $70.08 per share and the total transaction amounting to $708,088.32.

The transaction is predicted to complete before the current year ends. The disclosure for this sale can be found here. Insiders sold 21,896 shares of company stock valued at $1,617,903 in the last 90 days.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 90.2 Percent. The firm has a market cap of $43,050.00, a price-to-earnings ratio of 9.86, a P/E/G ratio of 0.94 and a beta of 0.94. Express Scripts Holding has a 52 week low of $55.80 and a 52 week high of $83.49. The business had revenue of $25.38 billion during the quarter, compared to the consensus estimate of $25.07 billion. Express Scripts had a net margin of 4.51% and a return on equity of 25.19%. Express Scripts's quarterly revenue was up 2.1% compared to the same quarter a year ago.

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Express Scripts announced that its board has authorized a stock buyback plan on Monday, December 18th that permits the company to buyback 45,000,000 outstanding shares. (NYSE: CVS) as the market share leader among PBMs with a 24% share. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued. Finally, Monroe Bank & Trust MI raised its holdings in Express Scripts by 74.8% during the 3rd quarter. TheStreet upgraded shares of Express Scripts from a "c+" rating to a "b-" rating in a research report on Monday, December 4th.

3/8/2018-Jefferies Group was Downgraded by analysts at Jefferies Group from a "Buy " rating to a " Hold" rating. Plus, the average 12-month price target of $236.29 stands at a 26% premium to CI stock's present perch.

As of last spring, Express Scripts employed 6,000 people locally. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation.

Cigna Corp. and Express Scripts Holding Co. announced Thursday a $67 billion purchase by the Bloomfield health insurer in a deal that could help control health care costs as consolidation picks up in the insurance and pharmacy benefits management industries. The company operates in the Healthcare sector with a market capitalization of 41.49 Million. Barclays Capital maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Wednesday, July 27.

Cigna to spend about $52 billion for Express Scripts