CAM Group Holding A S reduced its stake in shares of Cigna Corp. (NYSE:CI) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,300 shares of the company’s stock after selling 10,450 shares during the period. CAM Group Holding A S’s holdings in Cigna Corp. were worth $13,477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in Cigna Corp. by 103.3% in the first quarter. Canada Pension Plan Investment Board now owns 375,270 shares of the company’s stock valued at $51,502,000 after buying an additional 190,700 shares during the period. OMERS ADMINISTRATION Corp increased its stake in shares of Cigna Corp. by 40.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 51,000 shares of the company’s stock valued at $6,999,000 after buying an additional 14,700 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Cigna Corp. by 12.0% in the first quarter. BB&T Securities LLC now owns 25,053 shares of the company’s stock valued at $3,438,000 after buying an additional 2,681 shares in the last quarter. Rafferty Asset Management LLC acquired a new stake in shares of Cigna Corp. during the first quarter valued at $682,000. Finally, RPg Family Wealth Advisory LLC increased its stake in shares of Cigna Corp. by 1.0% in the first quarter. RPg Family Wealth Advisory LLC now owns 40,751 shares of the company’s stock valued at $5,593,000 after buying an additional 413 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.
Cigna Corp. (NYSE:CI) traded up 4.22% on Tuesday, reaching $123.65. 1,640,757 shares of the company’s stock traded hands. Cigna Corp. has a 52-week low of $116.30 and a 52-week high of $148.99. The firm’s 50 day moving average price is $128.03 and its 200 day moving average price is $130.78. The firm has a market capitalization of $31.72 billion, a PE ratio of 16.04 and a beta of 0.43.
Cigna Corp. (NYSE:CI) last posted 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 business earned $9.89 billion during 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 was up 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.55 EPS. On average, analysts predict that Cigna Corp. will post $7.99 EPS for the current fiscal year.
A number of research firms recently commented on CI. Jefferies Group decreased their price target on Cigna Corp. from $160.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $149.00 target price on shares of Cigna Corp. in a research note on Friday, July 8th. Goldman Sachs Group Inc. upgraded Cigna Corp. from a “buy” rating to a “conviction-buy” rating and decreased their target price for the company from $170.00 to $165.00 in a research note on Friday, July 22nd. Zacks Investment Research downgraded Cigna Corp. from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Finally, Citigroup Inc. decreased their target price on Cigna Corp. from $174.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $157.65.
In related news, VP Mary T. Hoeltzel sold 500 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $132.28, for a total value of $66,140.00. Following the sale, the vice president now owns 4,017 shares of the company’s stock, valued at $531,368.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
About Cigna Corp.
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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