Huntington National Bank held its position in shares of Cigna Corp. (NYSE:CI) during the second quarter, Holdings Channel reports. The institutional investor owned 8,041 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Cigna Corp. were worth $1,040,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. increased its position 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 in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Cigna Corp. during the second quarter worth $218,000. Capital One National Association increased its position 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 in the last quarter. Atria Investments LLC bought a new position in shares of Cigna Corp. during the second quarter worth $255,000. Finally, National Planning Corp bought a new position in shares of Cigna Corp. during the first quarter worth $261,000. 85.25% of the stock is owned by institutional investors.
Shares of Cigna Corp. (NYSE:CI) traded down 0.76% during mid-day trading on Friday, hitting $131.00. 1,164,766 shares of the stock were exchanged. The stock’s 50 day moving average price is $129.78 and its 200-day moving average price is $132.35. Cigna Corp. has a 12-month low of $121.87 and a 12-month high of $148.99. The stock has a market capitalization of $33.61 billion, a P/E ratio of 16.99 and a beta of 0.54.
Cigna Corp. (NYSE:CI) last issued its quarterly earnings data 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. The business earned $9.89 billion during the quarter, compared to the consensus estimate of $9.98 billion. Cigna Corp. had a net margin of 5.16% and a return on equity of 17.60%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.55 EPS. On average, equities research analysts expect that Cigna Corp. will post $7.99 EPS for the current fiscal year.
CI has been the subject of a number of research analyst reports. Citigroup Inc. dropped their target price on shares of Cigna Corp. from $174.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Jefferies Group dropped their target price on shares of Cigna Corp. from $160.00 to $153.00 and set a “buy” rating for the company in a research note on Monday, August 1st. Zacks Investment Research raised shares of Cigna Corp. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a research note on Tuesday, July 5th. Stifel Nicolaus started coverage on shares of Cigna Corp. in a research note on Tuesday, June 28th. They set a “buy” rating and a $169.00 price target for the company. Finally, William Blair reissued a “buy” rating on shares of Cigna Corp. in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $157.65.
In related news, VP Mary T. Hoeltzel sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were 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 in the company, valued at approximately $531,368.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.
About Cigna Corp.
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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