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Eric P. Palmer net worth and biography

Eric Palmer Biography and Net Worth

CFO of Cigna

Eric Palmer is President and Chief Executive Officer for Evernorth, a Cigna company. Evernorth connects and coordinates best-in-class health services—in pharmacy, benefits management, care solutions, and delivery and intelligence—to drive the most value for clients, customers, and patients. As CEO, Eric is responsible for Evernorth’s strategic direction, financial performance and growth, and long-term vision to meaningfully change health care. He is a member of Cigna Corporation's enterprise leadership team.

Prior to this role, Eric served as President and Chief Operating Officer for Evernorth, overseeing core strategy and capabilities in pharmacy, care management, and benefit management services. Previously, he also served as Chief Financial Officer, responsible for all of Cigna's financial operations and functions, as well as for the organization’s Investment Management, Corporate Development and Underwriting units. Eric’s leadership during this time was critical to the successful combination of Cigna and Express Scripts, as well as the launch of Evernorth.

Since joining Cigna in 1998, he has progressed through roles of increasing responsibility, including leadership positions with Cigna’s U.S. Commercial healthcare business, Cigna's global healthcare business, Cigna-HealthSpring and Cigna's group life and disability insurance business.

He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. He holds a bachelor's degree in Actuarial Science from the University of Iowa.

What is Eric P. Palmer's net worth?

The estimated net worth of Eric P. Palmer is at least $11.92 million as of October 14th, 2022. Mr. Palmer owns 36,838 shares of Cigna stock worth more than $11,915,251 as of December 2nd. This net worth evaluation does not reflect any other investments that Mr. Palmer may own. Additionally, Mr. Palmer receives an annual salary of $2,180,000.00 as CFO at Cigna. Learn More about Eric P. Palmer's net worth.

How old is Eric P. Palmer?

Mr. Palmer is currently 46 years old. There are 7 older executives and no younger executives at Cigna. The oldest executive at Cigna is Mr. David Michael Cordani, Pres, CEO & Chair of the Board, who is 57 years old. Learn More on Eric P. Palmer's age.

What is Eric P. Palmer's salary?

As the CFO of Cigna Co., Mr. Palmer earned a total compensation package of $7,645,681.00 in 2021. Mr. Palmer earned a salary of $948,462.00, stock awards of $4,179,824.00, options awards of $1,290,005.00, non-equity compensation of $1,187,500.00, and other compensation of $39,890.00.The highest earning executive at Cigna is Mr. David Michael Cordani, Pres, CEO & Chair of the Board, who commands a salary of $4,500,000.00 per year. Learn More on Eric P. Palmer's salary.

How do I contact Eric P. Palmer?

The corporate mailing address for Mr. Palmer and other Cigna executives is 900 COTTAGE GROVE ROAD, BLOOMFIELD CT, 06002. Cigna can also be reached via phone at (860) 226-6000 and via email at [email protected] Learn More on Eric P. Palmer's contact information.

Has Eric P. Palmer been buying or selling shares of Cigna?

During the past quarter, Eric P. Palmer has sold $1,200,000.00 in shares of Cigna stock. Most recently, Eric P. Palmer sold 4,000 shares of the business's stock in a transaction on Friday, October 14th. The shares were sold at an average price of $300.00, for a transaction totalling $1,200,000.00. Following the completion of the sale, the chief executive officer now directly owns 36,838 shares of the company's stock, valued at $11,051,400. Learn More on Eric P. Palmer's trading history.

Who are Cigna's active insiders?

Cigna's insider roster includes Mary Agolglia Hoeltzel (VP), Lisa Bacus (EVP), David Cordani (CEO), Brian Evanko (Exec. VP & CFO ), Eric Foss (Director), Elder Granger (Director), Isaiah Harris, Jr. (Chairman), Mary Hoeltzel (CAO), Nicole Jones (EVP), Matthew Manders (Insider), Thomas McCarthy (CFO), Steven Miller (EVP), Alan Muney (EVP), John Murabito (EVP), Everett Neville (EVP), Eric Palmer (CFO), John Partridge (Director), William Roper (Director), Jason Sadler (Insider), Paul Sanford (EVP), Michael Triplett (Insider), Timothy Wentworth (CEO), and Donna Zarcone (Director). Learn More on Cigna's active insiders.

Are insiders buying or selling shares of Cigna?

During the last year, insiders at the health services provider sold shares 24 times. They sold a total of 193,504 shares worth more than $51,665,418.47. The most recent insider tranaction occured on October, 14th when EVP Paul A Sanford sold 373 shares worth more than $111,900.00. Insiders at Cigna own 0.8 % of the company. Learn More about insider trades at Cigna.

Information on this page was last updated on 10/14/2022.

Eric P. Palmer Insider Trading History at Cigna

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
10/14/2022Sell4,000$300.00$1,200,000.0036,838View SEC Filing Icon  
7/7/2022Sell6,521$275.00$1,793,275.0039,978View SEC Filing Icon  
4/6/2022Sell8,126$250.00$2,031,500.0040,942View SEC Filing Icon  
9/11/2020Buy1,000$168.77$168,770.0026,555View SEC Filing Icon  
7/31/2018Buy2,828$177.61$502,281.089,678View SEC Filing Icon  
See Full Table

Eric P. Palmer Buying and Selling Activity at Cigna

This chart shows Eric P Palmer's buying and selling at Cigna by year and by quarter.

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Cigna Company Overview

Cigna logo
Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers. The company's Cigna Healthcare segment offers medical, pharmacy, behavioral health, dental, vision, health advocacy programs, and other products and services for insured and self-insured customers; Medicare Advantage, Medicare Supplement, and Medicare Part D plans for seniors, as well as individual health insurance plans to on and off the public exchanges; and health care coverage in its international markets, as well as health care benefits for mobile individuals and employees of multinational organizations. The company also offers permanent insurance contracts sold to corporations to provide coverage on the lives of certain employees for financing employer-paid future benefit obligations. It distributes its products and services through insurance brokers and consultants; directly to employers, unions and other groups, or individuals; and private and public exchanges. The company was founded in 1792 and is headquartered in Bloomfield, Connecticut.
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Today's Range

Now: $323.45
Low: $322.59
High: $329.57

50 Day Range

MA: $305.06
Low: $276.80
High: $328.89

2 Week Range

Now: $323.45
Low: $193.63
High: $331.05

Volume

2,098,210 shs

Average Volume

1,839,451 shs

Market Capitalization

$98.89 billion

P/E Ratio

15.45

Dividend Yield

1.36%

Beta

0.72
Bear Market Expert Reveals His #1 Stock for November 2023 
"I went from the brink of bankruptcy to wealthy – thanks to one type of stock". Get his top pick here.
>>>
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