Whittier Trust Co. of Nevada Inc. maintained its stake in shares of Cigna Corp. (NYSE:CI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,625 shares of the company’s stock at the end of the second quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Cigna Corp. were worth $336,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Checchi Capital Advisers LLC raised its stake in Cigna Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,624 shares of the company’s stock worth $336,000 after buying an additional 17 shares during the last quarter. Pennsylvania Trust Co raised its stake in Cigna Corp. by 0.6% in the second quarter. Pennsylvania Trust Co now owns 9,517 shares of the company’s stock worth $1,218,000 after buying an additional 60 shares during the last quarter. Capital One National Association raised its stake in Cigna Corp. by 3.5% in the second quarter. Capital One National Association now owns 1,868 shares of the company’s stock worth $239,000 after buying an additional 63 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Cigna Corp. by 1.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 5,080 shares of the company’s stock worth $697,000 after buying an additional 65 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Cigna Corp. by 1.1% in the second quarter. LS Investment Advisors LLC now owns 6,919 shares of the company’s stock worth $886,000 after buying an additional 75 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.
Cigna Corp. (NYSE:CI) traded down 1.65% during trading on Tuesday, hitting $125.62. The stock had a trading volume of 617,123 shares. Cigna Corp. has a 12-month low of $121.87 and a 12-month high of $148.99. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 16.30 and a beta of 0.43. The stock has a 50 day moving average price of $129.38 and a 200 day moving average price of $131.31.
Cigna Corp. (NYSE:CI) last announced its earnings results on Friday, July 29th. The company reported $1.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. The company earned $9.89 billion during the quarter, compared to analyst estimates of $9.98 billion. Cigna Corp. had a return on equity of 17.60% and a net margin of 5.16%. Cigna Corp.’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.55 earnings per share. Equities research analysts forecast that Cigna Corp. will post $7.99 earnings per share for the current year.
A number of analysts have recently issued reports on CI shares. Goldman Sachs Group Inc. restated a “buy” rating and issued a $160.00 target price on shares of Cigna Corp. in a report on Thursday, September 8th. Leerink Swann reduced their target price on Cigna Corp. from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $149.00 price objective on shares of Cigna Corp. in a report on Friday, July 8th. William Blair reiterated a “buy” rating on shares of Cigna Corp. in a report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $157.65.
In related news, VP Mary T. Hoeltzel sold 500 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $132.28, for a total value 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 document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
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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