First Bank & Trust Has $31,000 Position in Cigna Corp (CI)

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First Bank & Trust cut its holdings in Cigna Corp (NYSE:CI) by 81.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 195 shares of the health services provider’s stock after selling 860 shares during the quarter. First Bank & Trust’s holdings in Cigna were worth $31,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CI. 1 North Wealth Services LLC purchased a new stake in Cigna during the fourth quarter worth $25,000. Clarfeld Financial Advisors LLC purchased a new stake in Cigna during the fourth quarter worth $25,000. Private Ocean LLC purchased a new stake in Cigna during the fourth quarter worth $26,000. Delta Asset Management LLC TN purchased a new stake in Cigna during the fourth quarter worth $28,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in Cigna during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

A number of analysts have commented on CI shares. Edward Jones started coverage on Cigna in a research report on Wednesday, January 2nd. They set a “buy” rating on the stock. ValuEngine downgraded Cigna from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Raymond James upgraded Cigna from a “market perform” rating to an “outperform” rating and set a $187.17 target price on the stock in a research report on Thursday, January 3rd. Wells Fargo & Co decreased their target price on Cigna from $221.00 to $200.00 and set a “market perform” rating on the stock in a research report on Thursday, January 3rd. Finally, Zacks Investment Research downgraded Cigna from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $231.28.

In other Cigna news, insider Brian C. Evanko bought 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $163.40 per share, for a total transaction of $326,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William D. Zollars sold 272 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $168.43, for a total value of $45,812.96. The disclosure for this sale can be found here. Insiders sold 10,420 shares of company stock worth $1,886,122 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Shares of NYSE:CI opened at $151.04 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. Cigna Corp has a 52-week low of $150.51 and a 52-week high of $226.60. The firm has a market capitalization of $62.26 billion, a PE ratio of 10.62, a P/E/G ratio of 0.81 and a beta of 0.71.

Cigna (NYSE:CI) last issued its quarterly earnings data on Friday, February 1st. The health services provider reported $2.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.53 by ($0.07). Cigna had a net margin of 5.42% and a return on equity of 16.64%. The company had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $11.38 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The firm’s revenue was up 29.3% compared to the same quarter last year. On average, equities analysts anticipate that Cigna Corp will post 16.41 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 11th were given a $0.04 dividend. The ex-dividend date was Friday, March 8th. Cigna’s dividend payout ratio is currently 0.28%.

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Cigna Company Profile

Cigna Corporation, a health service organization, provides insurance and related products and services in the United States and internationally. It operates through Integrated Medical, Health Services, International Markets, and Group Disability and Other segments. The Integrated Medical segment offers medical, pharmacy, dental, behavioral health and vision, health advocacy programs, and other products and services to insured and self-insured clients; Medicare Advantage, Medicare Supplement, and Medicare Part D plans to Medicare-eligible beneficiaries, as well as Medicaid plans; and health insurance coverage to individual customers on and off the public exchanges.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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