Cigna Corporation (CI) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC decreased its position in Cigna Corporation (NYSE:CI) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,590 shares of the health services provider’s stock after selling 21 shares during the period. Alpha Cubed Investments LLC’s holdings in Cigna Corporation were worth $601,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CI. Guardian Life Insurance Co. of America raised 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. Bronfman E.L. Rothschild L.P. raised its position in shares of Cigna Corporation by 1.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,112 shares of the health services provider’s stock worth $309,000 after buying an additional 22 shares during the period. Boys Arnold & Co. Inc. raised its position in shares of Cigna Corporation by 1.8% in the first quarter. Boys Arnold & Co. Inc. now owns 1,833 shares of the health services provider’s stock worth $269,000 after buying an additional 33 shares during the period. Winslow Evans & Crocker Inc. raised its position in shares of Cigna Corporation by 1.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,814 shares of the health services provider’s stock worth $304,000 after buying an additional 34 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Cigna Corporation by 1.9% in the first quarter. IFP Advisors Inc now owns 2,180 shares of the health services provider’s stock worth $319,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Cigna Corporation (NYSE CI) traded down 0.56% on Friday, reaching $177.03. The company had a trading volume of 1,034,361 shares. The stock has a market capitalization of $44.57 billion, a price-to-earnings ratio of 20.43 and a beta of 0.46. Cigna Corporation has a 12 month low of $115.03 and a 12 month high of $181.00. The firm has a 50 day moving average price of $173.66 and a 200-day moving average price of $160.28.

Cigna Corporation (NYSE:CI) last issued its quarterly earnings results on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.43. The company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.26 billion. Cigna Corporation had a return on equity of 17.40% and a net margin of 5.55%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 earnings per share. Analysts forecast that Cigna Corporation will post $10.03 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on the company. BidaskClub upgraded Cigna Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday. Morgan Stanley boosted their price target on Cigna Corporation from $188.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank Of Canada reiterated a “buy” rating and set a $185.00 price target on shares of Cigna Corporation in a research report on Wednesday, August 9th. Zacks Investment Research lowered Cigna Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Citigroup Inc. upped their price objective on Cigna Corporation from $185.00 to $198.00 and gave the company a “buy” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $180.44.

In related news, CEO David Cordani sold 153,168 shares of Cigna Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $170.20, for a total value of $26,069,193.60. Following the sale, the chief executive officer now owns 421,162 shares of the company’s stock, valued at $71,681,772.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lisa R. Bacus sold 2,236 shares of Cigna Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $179.95, for a total value of $402,368.20. Following the completion of the sale, the executive vice president now directly owns 18,501 shares in the company, valued at approximately $3,329,254.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,463 shares of company stock worth $41,678,984. Corporate insiders own 1.30% of the company’s stock.

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.

Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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