Hartford Financial Management Inc. Has $1.05 Million Stock Position in Cigna Corp (NYSE:CI)

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Hartford Financial Management Inc. decreased its stake in Cigna Corp (NYSE:CI) by 5.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,666 shares of the health services provider’s stock after selling 395 shares during the quarter. Hartford Financial Management Inc.’s holdings in Cigna were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Cigna by 21.6% in the 1st quarter. FMR LLC now owns 12,229,261 shares of the health services provider’s stock worth $1,966,710,000 after acquiring an additional 2,171,463 shares in the last quarter. Geode Capital Management LLC lifted its stake in Cigna by 61.3% in the 4th quarter. Geode Capital Management LLC now owns 4,939,173 shares of the health services provider’s stock worth $936,405,000 after acquiring an additional 1,876,556 shares in the last quarter. Boston Partners lifted its stake in Cigna by 34.7% in the 1st quarter. Boston Partners now owns 4,895,908 shares of the health services provider’s stock worth $787,360,000 after acquiring an additional 1,261,911 shares in the last quarter. Veritas Asset Management LLP lifted its stake in Cigna by 3.3% in the 1st quarter. Veritas Asset Management LLP now owns 4,605,129 shares of the health services provider’s stock worth $740,597,000 after acquiring an additional 146,675 shares in the last quarter. Finally, Sanders Capital LLC lifted its stake in Cigna by 9.2% in the 2nd quarter. Sanders Capital LLC now owns 4,589,017 shares of the health services provider’s stock worth $797,936,000 after acquiring an additional 385,620 shares in the last quarter. Institutional investors and hedge funds own 87.92% of the company’s stock.

Cigna stock opened at $169.47 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market cap of $62.77 billion, a P/E ratio of 11.92, a PEG ratio of 0.87 and a beta of 0.70. Cigna Corp has a one year low of $141.95 and a one year high of $226.60. The stock’s 50 day moving average is $167.58.

Cigna (NYSE:CI) last posted its earnings results on Thursday, August 1st. The health services provider reported $4.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.74 by $0.56. The business had revenue of $34.38 billion during the quarter, compared to the consensus estimate of $33.27 billion. Cigna had a return on equity of 13.24% and a net margin of 3.60%. Cigna’s revenue was up 198.9% on a year-over-year basis. During the same quarter last year, the company earned $3.89 EPS. On average, sell-side analysts anticipate that Cigna Corp will post 16.75 EPS for the current year.

CI has been the topic of a number of recent analyst reports. Goldman Sachs Group downgraded Cigna from a “conviction-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Zacks Investment Research lowered Cigna from a “buy” rating to a “hold” rating and set a $164.00 target price on the stock. in a report on Tuesday, June 11th. UBS Group initiated coverage on Cigna in a report on Tuesday, April 23rd. They issued a “buy” rating and a $185.00 target price on the stock. Sanford C. Bernstein raised Cigna from a “market perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Tuesday, August 6th. Finally, Barclays lowered their target price on Cigna from $220.00 to $207.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $214.55.

Cigna 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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