Cigna Corporation (CI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of Cigna Corporation (NYSE:CI) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 461,009 shares of the health services provider’s stock after selling 55,719 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Cigna Corporation worth $77,168,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in shares of Cigna Corporation by 159.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,511 shares of the health services provider’s stock worth $923,000 after purchasing an additional 3,386 shares during the period. Guardian Life Insurance Co. of America boosted its position in Cigna Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock valued at $145,000 after buying an additional 7 shares during the period. Pacer Advisors Inc. boosted its position in Cigna Corporation by 3.0% in the 2nd quarter. Pacer Advisors Inc. now owns 5,581 shares of the health services provider’s stock valued at $934,000 after buying an additional 165 shares during the period. Norinchukin Bank The boosted its position in Cigna Corporation by 6.4% in the 2nd quarter. Norinchukin Bank The now owns 17,766 shares of the health services provider’s stock valued at $2,974,000 after buying an additional 1,062 shares during the period. Finally, Seven Eight Capital LP boosted its position in Cigna Corporation by 504.4% in the 2nd quarter. Seven Eight Capital LP now owns 27,200 shares of the health services provider’s stock valued at $4,553,000 after buying an additional 22,700 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

CI has been the subject of several recent research reports. Morgan Stanley raised their price target on shares of Cigna Corporation from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Deutsche Bank AG raised their price target on shares of Cigna Corporation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, August 7th. BidaskClub raised shares of Cigna Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. CIBC raised their price target on shares of Cigna Corporation from $174.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $174.00 price target (up previously from $163.00) on shares of Cigna Corporation in a research report on Monday, June 19th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $190.27.

In other Cigna Corporation news, Director William D. Zollars sold 1,232 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $187.23, for a total transaction of $230,667.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mary T. Hoeltzel sold 525 shares of the stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $177.59, for a total transaction of $93,234.75. Following the transaction, the vice president now owns 1,924 shares in the company, valued at $341,683.16. The disclosure for this sale can be found here. Insiders have sold a total of 70,653 shares of company stock worth $12,437,684 over the last quarter. 1.30% of the stock is currently owned by insiders.

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Shares of Cigna Corporation (NYSE CI) traded down 0.76% during midday trading on Tuesday, hitting $187.66. 335,239 shares of the stock were exchanged. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $193.00. The firm has a 50 day moving average of $184.25 and a 200 day moving average of $169.30. The firm has a market cap of $47.25 billion, a P/E ratio of 21.65 and a beta of 0.43.

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

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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