Equities researchers at Evercore ISI started coverage on shares of Cigna Corp. (NYSE:CI) in a research report issued on Thursday. The firm set a “hold” rating on the stock.
Several other research firms have also commented on CI. Barclays PLC boosted their price target on Cigna Corp. from $156.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 1st. Leerink Swann reaffirmed an “outperform” rating and set a $155.00 target price on shares of Cigna Corp. in a research report on Wednesday, June 15th. FBR & Co reaffirmed a “hold” rating on shares of Cigna Corp. in a research report on Monday, June 20th. Stifel Nicolaus initiated coverage on Cigna Corp. in a research report on Tuesday, June 28th. They set a “buy” rating and a $169.00 target price on the stock. Finally, Wolfe Research initiated coverage on Cigna Corp. in a research report on Tuesday, June 28th. They set an “outperform” rating and a $172.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $159.50.
Shares of Cigna Corp. (NYSE:CI) traded down 0.42% on Thursday, reaching $132.00. The company’s stock had a trading volume of 738,936 shares. The firm has a 50 day moving average price of $129.49 and a 200-day moving average price of $132.42. Cigna Corp. has a 12-month low of $121.87 and a 12-month high of $148.99. The stock has a market cap of $33.87 billion, a PE ratio of 17.12 and a beta of 0.54.
Cigna Corp. (NYSE:CI) last issued its earnings results on Friday, July 29th. The company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the company posted $2.55 earnings per share. Cigna Corp.’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts expect that Cigna Corp. will post $7.99 EPS for the current year.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total transaction of $66,140.00. Following the transaction, the vice president now owns 4,017 shares in the company, valued at $531,368.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of Cigna Corp. by 166.7% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the company’s stock worth $102,000 after buying an additional 500 shares in the last quarter. Invictus RG increased its position in shares of Cigna Corp. by 1,056.8% in the second quarter. Invictus RG now owns 1,018 shares of the company’s stock worth $130,000 after buying an additional 930 shares in the last quarter. M&R Capital Management Inc. acquired a new position in shares of Cigna Corp. during the second quarter worth about $153,000. Johnson Financial Group Inc. increased its position in shares of Cigna Corp. by 996.9% in the second quarter. Johnson Financial Group Inc. now owns 1,426 shares of the company’s stock worth $183,000 after buying an additional 1,296 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in shares of Cigna Corp. by 2,981.6% in the second quarter. Thompson Davis & CO. Inc. now owns 1,510 shares of the company’s stock worth $193,000 after buying an additional 1,461 shares in the last quarter. Institutional investors own 85.25% of the company’s stock.
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.
Receive News & Ratings for Cigna Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cigna Corp. and related companies with MarketBeat.com's FREE daily email newsletter.