Cypress Capital Group Maintains Stake in Cigna Corporation (CI)

Cypress Capital Group maintained its stake in Cigna Corporation (NYSE:CI) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,344 shares of the health services provider’s stock at the close of the 2nd quarter. Cypress Capital Group’s holdings in Cigna Corporation were worth $560,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Cigna Corporation by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock worth $2,867,514,000 after acquiring an additional 424,469 shares during the period. BlackRock Inc. lifted its stake in shares of Cigna Corporation by 2,335.5% in the 1st quarter. BlackRock Inc. now owns 16,987,425 shares of the health services provider’s stock worth $2,488,489,000 after acquiring an additional 16,289,943 shares during the period. State Street Corp lifted its stake in shares of Cigna Corporation by 1.7% in the 1st quarter. State Street Corp now owns 11,137,018 shares of the health services provider’s stock worth $1,631,451,000 after acquiring an additional 190,323 shares during the period. Wellington Management Group LLP lifted its stake in shares of Cigna Corporation by 9.3% in the 1st quarter. Wellington Management Group LLP now owns 10,765,751 shares of the health services provider’s stock worth $1,577,075,000 after acquiring an additional 913,991 shares during the period. Finally, FMR LLC lifted its stake in shares of Cigna Corporation by 6.7% in the 2nd quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock worth $1,156,604,000 after acquiring an additional 432,978 shares during the period. 87.94% of the stock is owned by institutional investors.

Cigna Corporation (NYSE:CI) last issued its earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 5.55% 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 last year, the firm earned $1.98 EPS.

A number of brokerages have recently weighed in on CI. UBS AG reaffirmed a “buy” rating and issued a $193.00 price target (up from $186.00) on shares of Cigna Corporation in a research note on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $185.00 price target on shares of Cigna Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG upped their price target on shares of Cigna Corporation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Zacks Investment Research lowered shares of Cigna Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. 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. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $190.27.

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In related news, Chairman Isaiah Harris, Jr. sold 247 shares of Cigna Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total transaction of $45,761.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jane E. Md Henney sold 600 shares of Cigna Corporation stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $174.14, for a total transaction of $104,484.00. The disclosure for this sale can be found here. Insiders sold a total of 70,653 shares of company stock worth $12,437,684 in the last ninety days. Insiders own 1.30% of the company’s stock.

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.

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

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