First Midwest Bank Trust Division cut its stake in shares of Cigna Corp. (NYSE:CI) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,740 shares of the company’s stock after selling 140 shares during the period. First Midwest Bank Trust Division’s holdings in Cigna Corp. were worth $479,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in CI. American Century Companies Inc. increased its position in shares of Cigna Corp. by 1.5% in the second quarter. American Century Companies Inc. now owns 712,279 shares of the company’s stock valued at $91,165,000 after buying an additional 10,771 shares during the period. Aviance Capital Management LLC increased its stake in Cigna Corp. by 16.7% in the second quarter. Aviance Capital Management LLC now owns 2,797 shares of the company’s stock worth $358,000 after buying an additional 400 shares during the period. Candriam Luxembourg S.C.A. increased its stake in Cigna Corp. by 580.4% in the second quarter. Candriam Luxembourg S.C.A. now owns 88,413 shares of the company’s stock worth $11,316,000 after buying an additional 75,419 shares during the period. Retirement Systems of Alabama increased its stake in Cigna Corp. by 0.5% in the second quarter. Retirement Systems of Alabama now owns 130,773 shares of the company’s stock worth $16,738,000 after buying an additional 686 shares during the period. Finally, Jensen Investment Management Inc. increased its stake in Cigna Corp. by 12.8% in the second quarter. Jensen Investment Management Inc. now owns 3,170 shares of the company’s stock worth $406,000 after buying an additional 360 shares during the period. Institutional investors own 85.25% of the company’s stock.
Cigna Corp. (NYSE:CI) traded down 0.80% during trading on Wednesday, reaching $127.09. The company had a trading volume of 995,010 shares. The company has a 50-day moving average price of $129.84 and a 200 day moving average price of $131.60. The stock has a market cap of $32.61 billion, a PE ratio of 16.49 and a beta of 0.43. Cigna Corp. has a 52-week low of $121.87 and a 52-week high of $148.99.
Cigna Corp. (NYSE:CI) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by $0.41. The firm had revenue of $9.89 billion for the quarter, compared to the consensus estimate of $9.98 billion. Cigna Corp. had a net margin of 5.16% and a return on equity of 17.60%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.55 earnings per share. On average, analysts anticipate that Cigna Corp. will post $7.99 earnings per share for the current year.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday. Leerink Swann restated a “buy” rating and issued a $155.00 price target on shares of Cigna Corp. in a research note on Monday, September 26th. Evercore ISI assumed coverage on Cigna Corp. in a research note on Thursday, September 22nd. They issued a “hold” rating and a $134.00 price target on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $160.00 price target on shares of Cigna Corp. in a research note on Thursday, September 8th. Finally, William Blair restated a “buy” rating on shares of Cigna Corp. in a research note on Wednesday, August 31st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Cigna Corp. has an average rating of “Buy” and an average price target of $157.65.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the stock in a transaction 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 completion of the transaction, the vice president now directly owns 4,017 shares of the company’s stock, valued at approximately $531,368.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
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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