A number of other brokerages also recently issued reports on CI. Wolfe Research initiated coverage on Cigna Corp. in a report on Tuesday, June 28th. They set an outperform rating and a $172.00 price target for the company. Leerink Swann decreased their price target on Cigna Corp. from $160.00 to $155.00 and set an outperform rating for the company in a report on Monday, August 1st. Zacks Investment Research raised Cigna Corp. from a hold rating to a buy rating and set a $144.00 price target for the company in a report on Tuesday, July 5th. William Blair reaffirmed a buy rating on shares of Cigna Corp. in a report on Wednesday, August 31st. Finally, FBR & Co reaffirmed a hold rating on shares of Cigna Corp. in a report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $157.65.
Shares of Cigna Corp. (NYSE:CI) opened at 131.70 on Thursday. Cigna Corp. has a 12-month low of $121.87 and a 12-month high of $148.99. The company’s 50-day moving average price is $129.93 and its 200 day moving average price is $132.06. The firm has a market capitalization of $33.79 billion, a price-to-earnings ratio of 17.08 and a beta of 0.54.
Cigna Corp. (NYSE:CI) last announced its quarterly earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. The business had revenue of $9.89 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Cigna Corp. had a return on equity of 17.60% and a net margin of 5.16%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $2.55 earnings per share. On average, equities research analysts forecast that Cigna Corp. will post $7.99 EPS for the current fiscal year.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total transaction of $66,140.00. Following the transaction, the vice president now owns 4,017 shares in the company, valued at approximately $531,368.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
Several large investors have recently made changes to their positions in CI. Marco Investment Management LLC raised its stake in shares of Cigna Corp. by 0.6% in the second quarter. Marco Investment Management LLC now owns 1,585 shares of the company’s stock valued at $203,000 after buying an additional 10 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Cigna Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,624 shares of the company’s stock valued at $336,000 after buying an additional 17 shares during the period. Synovus Financial Corp raised its stake in shares of Cigna Corp. by 0.7% in the second quarter. Synovus Financial Corp now owns 3,285 shares of the company’s stock valued at $420,000 after buying an additional 24 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in shares of Cigna Corp. by 0.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,461 shares of the company’s stock valued at $744,000 after buying an additional 24 shares during the period. Finally, Tdam USA Inc. raised its stake in shares of Cigna Corp. by 1.2% in the second quarter. Tdam USA Inc. now owns 2,575 shares of the company’s stock valued at $330,000 after buying an additional 30 shares during the period. 85.25% of the stock is currently owned by institutional investors and hedge funds.
Cigna Corp. Company Profile
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate.
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