Winslow Capital Management LLC purchased a new stake in CIGNA Co. (NYSE:CI) during the 4th quarter, HoldingsChannel reports. The fund purchased 892,584 shares of the health services provider’s stock, valued at approximately $181,274,000.
A number of other institutional investors also recently added to or reduced their stakes in CI. Lord Abbett & CO. LLC grew its position in shares of CIGNA by 2.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 43,600 shares of the health services provider’s stock worth $7,298,000 after purchasing an additional 1,200 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of CIGNA by 25.2% during the 3rd quarter. Nationwide Fund Advisors now owns 90,490 shares of the health services provider’s stock worth $16,916,000 after purchasing an additional 18,206 shares in the last quarter. Boston Advisors LLC acquired a new position in shares of CIGNA during the 3rd quarter worth approximately $1,403,000. First Trust Advisors LP grew its position in shares of CIGNA by 8.9% during the 3rd quarter. First Trust Advisors LP now owns 127,475 shares of the health services provider’s stock worth $23,830,000 after purchasing an additional 10,460 shares in the last quarter. Finally, Korea Investment CORP grew its position in shares of CIGNA by 1.0% during the 3rd quarter. Korea Investment CORP now owns 149,283 shares of the health services provider’s stock worth $27,907,000 after purchasing an additional 1,500 shares in the last quarter. 87.84% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. Oppenheimer increased their target price on shares of CIGNA to $237.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley increased their price target on shares of CIGNA to $255.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of CIGNA from a “hold” rating to a “buy” rating and set a $231.00 price target on the stock in a research report on Friday, December 22nd. ValuEngine upgraded shares of CIGNA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Goldman Sachs Group assumed coverage on shares of CIGNA in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $247.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. CIGNA presently has a consensus rating of “Buy” and an average target price of $210.12.
Shares of CIGNA Co. (NYSE CI) traded up $1.10 during trading hours on Monday, reaching $195.89. 77,977 shares of the company traded hands, compared to its average volume of 1,409,398. The company has a market cap of $47,522.33, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 0.37. CIGNA Co. has a fifty-two week low of $143.85 and a fifty-two week high of $227.13.
CIGNA (NYSE:CI) last issued its quarterly earnings data on Thursday, February 1st. The health services provider reported $1.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.07. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.28 billion. CIGNA had a net margin of 5.38% and a return on equity of 18.84%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.87 EPS. equities analysts predict that CIGNA Co. will post 12.9 earnings per share for the current fiscal year.
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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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