BlueCrest Capital Management Ltd lowered its stake in shares of CIGNA Co. (NYSE:CI) by 61.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,091 shares of the health services provider’s stock after selling 24,037 shares during the period. BlueCrest Capital Management Ltd’s holdings in CIGNA were worth $3,065,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of CIGNA by 1.2% in the 4th quarter. BlackRock Inc. now owns 17,155,180 shares of the health services provider’s stock worth $3,484,045,000 after acquiring an additional 206,718 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of CIGNA by 4.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,776,414 shares of the health services provider’s stock worth $705,889,000 after acquiring an additional 171,712 shares during the last quarter. Sanders Capital LLC raised its holdings in shares of CIGNA by 1.8% in the 4th quarter. Sanders Capital LLC now owns 3,015,393 shares of the health services provider’s stock worth $667,646,000 after acquiring an additional 52,400 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CIGNA by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,419,889 shares of the health services provider’s stock worth $490,343,000 after acquiring an additional 40,144 shares during the last quarter. Finally, Investec Asset Management LTD raised its holdings in shares of CIGNA by 35.4% in the 3rd quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock worth $345,764,000 after acquiring an additional 483,904 shares during the last quarter. Institutional investors own 87.47% of the company’s stock.
In other news, EVP John M. Murabito sold 6,099 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $220.10, for a total transaction of $1,342,389.90. Following the completion of the transaction, the executive vice president now directly owns 68,026 shares of the company’s stock, valued at approximately $14,972,522.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Cordani sold 36,769 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $191.68, for a total transaction of $7,047,881.92. Following the transaction, the chief executive officer now directly owns 372,076 shares of the company’s stock, valued at $71,319,527.68. The disclosure for this sale can be found here. Insiders have sold a total of 86,315 shares of company stock valued at $17,262,334 over the last three months. Insiders own 1.30% of the company’s stock.
Shares of CIGNA Co. (NYSE:CI) opened at $173.36 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $41,774.57, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. CIGNA Co. has a one year low of $143.85 and a one year high of $227.13.
CIGNA (NYSE:CI) last posted 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 firm had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.28 billion. CIGNA had a net margin of 5.38% and a return on equity of 18.84%. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.87 EPS. equities research analysts forecast that CIGNA Co. will post 12.9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 12th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date is Friday, March 9th. CIGNA’s dividend payout ratio is currently 0.46%.
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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