Murphy Capital Management Inc. boosted its position in shares of Cigna Corporation (NYSE:CI) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,595 shares of the health services provider’s stock after buying an additional 500 shares during the period. Murphy Capital Management Inc.’s holdings in Cigna Corporation were worth $2,275,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in CI. UBS Asset Management Americas Inc. increased its position in Cigna Corporation by 78.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,305,749 shares of the health services provider’s stock valued at $174,173,000 after buying an additional 573,696 shares during the period. Teachers Advisors LLC increased its position in Cigna Corporation by 41.8% in the fourth quarter. Teachers Advisors LLC now owns 983,915 shares of the health services provider’s stock valued at $131,244,000 after buying an additional 289,870 shares during the period. Kentucky Retirement Systems acquired a new position in Cigna Corporation during the fourth quarter valued at approximately $2,485,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Cigna Corporation during the fourth quarter valued at approximately $1,109,000. Finally, Chevy Chase Trust Holdings Inc. increased its position in Cigna Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 222,948 shares of the health services provider’s stock valued at $32,659,000 after buying an additional 7,057 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.
Cigna Corporation (NYSE:CI) traded down 0.56% on Friday, reaching $177.03. The company’s stock had a trading volume of 1,034,361 shares. The firm has a 50-day moving average of $173.66 and a 200 day moving average of $160.28. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $181.00. The company has a market capitalization of $44.57 billion, a price-to-earnings ratio of 20.43 and a beta of 0.46.
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Several research firms recently weighed in on CI. UBS AG reiterated a “buy” rating and issued a $186.00 price target (up previously from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. Bank of America Corporation boosted their target price on shares of Cigna Corporation from $193.00 to $198.00 and gave the company a “buy” rating in a report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and set a $183.00 target price on shares of Cigna Corporation in a report on Thursday, June 8th. ValuEngine cut shares of Cigna Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Citigroup Inc. upped their price target on shares of Cigna Corporation from $185.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Cigna Corporation currently has a consensus rating of “Buy” and a consensus target price of $180.44.
In related news, EVP Lisa R. Bacus sold 11,455 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $161.57, for a total value of $1,850,784.35. Following the completion of the sale, the executive vice president now directly owns 24,753 shares of the company’s stock, valued at $3,999,342.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Mary T. Hoeltzel sold 500 shares of the business’s stock in a transaction dated 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 directly owns 2,449 shares of the company’s stock, valued at $408,248.30. The disclosure for this sale can be found here. Insiders sold 243,463 shares of company stock worth $41,678,984 over the last three months. 1.30% of the stock is currently owned by corporate insiders.
Cigna Corporation 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, and Other Operations and Corporate.
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