BTC Capital Management Inc. raised its position in shares of Cigna Corp. (NYSE:CI) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,308 shares of the company’s stock after buying an additional 1,540 shares during the period. BTC Capital Management Inc.’s holdings in Cigna Corp. were worth $3,625,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Ferguson Wellman Capital Management Inc. raised its stake in shares of Cigna Corp. by 8.9% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,677 shares of the company’s stock worth $215,000 after buying an additional 137 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Cigna Corp. during the second quarter worth $218,000. Capital One National Association raised its stake in shares of Cigna Corp. by 3.5% in the second quarter. Capital One National Association now owns 1,868 shares of the company’s stock worth $239,000 after buying an additional 63 shares during the period. National Planning Corp acquired a new stake in shares of Cigna Corp. during the first quarter worth $261,000. Finally, Atria Investments LLC acquired a new stake in shares of Cigna Corp. during the second quarter worth $255,000. Institutional investors own 85.25% of the company’s stock.
Cigna Corp. (NYSE:CI) traded down 0.287% during trading on Wednesday, hitting $123.295. The stock had a trading volume of 464,592 shares. Cigna Corp. has a one year low of $116.30 and a one year high of $148.99. The firm has a market capitalization of $31.63 billion, a P/E ratio of 15.994 and a beta of 0.43. The stock has a 50 day moving average of $127.91 and a 200 day moving average of $130.73.
Cigna Corp. (NYSE:CI) last issued its earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.39 by $0.41. Cigna Corp. had a return on equity of 17.60% and a net margin of 5.16%. The firm earned $9.89 billion during the quarter, compared to analyst estimates of $9.98 billion. During the same period in the previous year, the company earned $2.55 EPS. Cigna Corp.’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts expect that Cigna Corp. will post $7.99 earnings per share for the current fiscal year.
CI has been the topic of several recent research reports. Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Jefferies Group reiterated a “buy” rating on shares of Cigna Corp. in a report on Tuesday, August 23rd. Leerink Swann reiterated a “buy” rating and issued a $155.00 price target on shares of Cigna Corp. in a report on Monday, September 26th. William Blair reiterated a “buy” rating on shares of Cigna Corp. in a report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $160.00 price target on shares of Cigna Corp. in a report on Thursday, September 8th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Cigna Corp. has a consensus rating of “Buy” and a consensus target price of $157.65.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the company’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total value of $66,140.00. Following the completion of the transaction, the vice president now owns 4,017 shares of the company’s stock, valued at approximately $531,368.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.
Cigna Corp. Company Profile
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, Other Operations and Corporate.
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