AMF Pensionsforsakring AB held its stake in Cigna Corporation (NYSE:CI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 413,751 shares of the health services provider’s stock at the end of the second quarter. AMF Pensionsforsakring AB owned 0.16% of Cigna Corporation worth $60,610,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new stake in Cigna Corporation during the first quarter valued at approximately $102,000. Baystate Wealth Management LLC increased its stake in Cigna Corporation by 436.1% in the first quarter. Baystate Wealth Management LLC now owns 772 shares of the health services provider’s stock valued at $116,000 after buying an additional 628 shares in the last quarter. Founders Capital Management acquired a new stake in Cigna Corporation during the first quarter valued at approximately $117,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Cigna Corporation during the first quarter worth about $122,000. Finally, Guardian Life Insurance Co. of America increased its position in shares of Cigna Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock worth $145,000 after buying an additional 7 shares during the period. Institutional investors own 86.91% of the company’s stock.
Cigna Corporation (NYSE CI) opened at 174.38 on Friday. The company has a market capitalization of $43.91 billion, a PE ratio of 20.12 and a beta of 0.46. The company has a 50 day moving average of $172.22 and a 200 day moving average of $159.17. Cigna Corporation has a 52-week low of $115.03 and a 52-week high of $178.57.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $10.26 billion. Cigna Corporation had a net margin of 7.46% and a return on equity of 17.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.98 EPS. On average, equities research analysts forecast that Cigna Corporation will post $10.02 earnings per share for the current fiscal year.
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A number of research analysts have recently issued reports on CI shares. Deutsche Bank AG boosted their price target on shares of Cigna Corporation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Morgan Stanley lifted their price objective on shares of Cigna Corporation from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. CIBC lifted their price objective on shares of Cigna Corporation from $174.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Wells Fargo & Company restated a “market perform” rating and set a $174.00 price target (up previously from $163.00) on shares of Cigna Corporation in a research note on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. boosted their price target on shares of Cigna Corporation from $174.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Cigna Corporation presently has a consensus rating of “Buy” and an average target price of $180.06.
In other news, VP Mary T. Hoeltzel sold 500 shares of Cigna Corporation stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $166.70, for a total value of $83,350.00. Following the completion of the sale, the vice president now owns 2,449 shares in the company, valued at approximately $408,248.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Cordani sold 153,168 shares of Cigna Corporation stock in a transaction on Monday, June 19th. The shares were sold at an average price of $170.20, for a total transaction of $26,069,193.60. Following the completion of the sale, the chief executive officer now owns 421,162 shares of the company’s stock, valued at approximately $71,681,772.40. The disclosure for this sale can be found here. Insiders sold a total of 261,539 shares of company stock valued at $44,527,348 in the last quarter. 1.30% of the stock is currently owned by company insiders.
About Cigna Corporation
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, and Other Operations and Corporate.
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