AMP Capital Investors Ltd Has $39.92 Million Holdings in Cigna Corporation (CI)

AMP Capital Investors Ltd grew its holdings in Cigna Corporation (NYSE:CI) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 213,554 shares of the health services provider’s stock after purchasing an additional 6,596 shares during the period. AMP Capital Investors Ltd owned approximately 0.09% of Cigna worth $39,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CI. Rothschild Asset Management Inc. increased its stake in shares of Cigna by 1.9% in the 2nd quarter. Rothschild Asset Management Inc. now owns 4,289 shares of the health services provider’s stock valued at $718,000 after purchasing an additional 79 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Cigna by 22.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the health services provider’s stock valued at $1,490,000 after purchasing an additional 1,650 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Cigna by 14.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,172 shares of the health services provider’s stock valued at $364,000 after purchasing an additional 279 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of Cigna by 11.5% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 17,658 shares of the health services provider’s stock valued at $2,956,000 after purchasing an additional 1,819 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Cigna by 5.3% in the 2nd quarter. IFP Advisors Inc now owns 2,296 shares of the health services provider’s stock valued at $384,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 87.85% of the company’s stock.

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Cigna from $198.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley boosted their price objective on Cigna from $195.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Jefferies Group boosted their price objective on Cigna from $221.00 to $231.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $220.00 price objective (up previously from $185.00) on shares of Cigna in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Cigna from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Cigna has an average rating of “Buy” and an average price target of $201.50.

Cigna Corporation (CI) opened at $204.21 on Thursday. The company has a market capitalization of $50,325.72, a PE ratio of 19.67, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50. Cigna Corporation has a twelve month low of $131.03 and a twelve month high of $212.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.37.

Cigna (NYSE:CI) last announced its earnings results on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.47. The firm had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.17 billion. Cigna had a return on equity of 18.85% and a net margin of 5.74%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 EPS. equities analysts anticipate that Cigna Corporation will post 10.34 earnings per share for the current fiscal year.

In other news, Director William D. Zollars sold 1,232 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $187.23, for a total value of $230,667.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Isaiah Harris, Jr. sold 247 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total value of $45,761.69. The disclosure for this sale can be found here. Insiders have sold a total of 36,203 shares of company stock worth $7,211,251 over the last ninety days. Company insiders own 1.30% of the company’s stock.

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Cigna 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, and Other Operations and Corporate.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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