Cigna Holding Co (CI) Position Increased by TCI Wealth Advisors Inc.

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TCI Wealth Advisors Inc. boosted its stake in Cigna Holding Co (NYSE:CI) by 1,318.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,291 shares of the health services provider’s stock after buying an additional 1,200 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Cigna were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Edge Wealth Management LLC bought a new stake in shares of Cigna during the fourth quarter worth $46,000. Perkins Coie Trust Co bought a new stake in shares of Cigna during the fourth quarter worth $59,000. Legacy Financial Advisors Inc. raised its position in shares of Cigna by 401.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 326 shares of the health services provider’s stock worth $62,000 after acquiring an additional 261 shares during the last quarter. Cordasco Financial Network raised its position in shares of Cigna by 102.8% during the fourth quarter. Cordasco Financial Network now owns 359 shares of the health services provider’s stock worth $68,000 after acquiring an additional 182 shares during the last quarter. Finally, Central Bank & Trust Co. bought a new stake in shares of Cigna during the fourth quarter worth $68,000. 93.60% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director William D. Zollars sold 201 shares of the company’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $210.84, for a total transaction of $42,378.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael W. Triplett sold 2,825 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $214.25, for a total value of $605,256.25. Following the transaction, the insider now directly owns 23,871 shares of the company’s stock, valued at $5,114,361.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,215 shares of company stock valued at $5,160,680. Insiders own 1.10% of the company’s stock.

A number of equities research analysts recently commented on CI shares. Cantor Fitzgerald started coverage on Cigna in a research note on Wednesday, September 26th. They set an “overweight” rating and a $245.00 price objective for the company. SunTrust Banks lifted their price objective on Cigna and gave the stock a “buy” rating in a research note on Thursday, September 27th. Zacks Investment Research cut Cigna from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. BMO Capital Markets lifted their price objective on Cigna from $220.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, November 2nd. Finally, Citigroup lifted their price objective on Cigna from $243.00 to $249.00 and gave the stock a “buy” rating in a research note on Friday, November 2nd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $229.80.

NYSE:CI opened at $194.83 on Monday. Cigna Holding Co has a 1 year low of $163.02 and a 1 year high of $227.13. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $47.45 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 0.83 and a beta of 0.73.

Cigna (NYSE:CI) last posted its earnings results on Thursday, November 1st. The health services provider reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.39. Cigna had a return on equity of 23.31% and a net margin of 6.15%. The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.19 billion. During the same period in the previous year, the firm earned $2.83 earnings per share. The company’s revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cigna Holding Co will post 14.35 earnings per share for the current year.

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Cigna Profile

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. It operates through Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations segments. The Global Health Care segment offers medical, dental, behavioral health, vision, and prescription drug benefit plans, as well as health advocacy programs, and other products and services to insured and self-insured customers.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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