Korea Investment CORP Raises Holdings in Cigna Corporation (CI)

Korea Investment CORP raised its stake in shares of Cigna Corporation (NYSE:CI) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,283 shares of the health services provider’s stock after buying an additional 1,500 shares during the period. Korea Investment CORP owned about 0.06% of Cigna Corporation worth $27,907,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CI. 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 valued at $2,488,489,000 after purchasing an additional 16,289,943 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Cigna Corporation by 40.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,088,728 shares of the health services provider’s stock valued at $684,413,000 after purchasing an additional 1,184,632 shares during the last quarter. Waddell & Reed Financial Inc. lifted its stake in shares of Cigna Corporation by 125.8% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,749,647 shares of the health services provider’s stock valued at $256,306,000 after purchasing an additional 974,747 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Cigna Corporation by 221.8% in the 1st quarter. AQR Capital Management LLC now owns 926,328 shares of the health services provider’s stock valued at $135,698,000 after purchasing an additional 638,426 shares during the last quarter. 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 valued at $1,156,604,000 after purchasing an additional 432,978 shares during the last quarter. 88.31% of the stock is owned by institutional investors.

Several research firms recently issued reports on CI. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Cigna Corporation in a research note on Wednesday, August 9th. Deutsche Bank AG lifted their price objective on shares of Cigna Corporation from $180.00 to $190.00 and gave the company 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. Citigroup Inc. lifted their price objective on shares of Cigna Corporation from $185.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $190.00 price objective (down previously from $199.00) on shares of Cigna Corporation in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $193.44.

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Cigna Corporation (CI) opened at 201.94 on Friday. The company has a market cap of $50.84 billion, a P/E ratio of 23.30 and a beta of 0.43. The stock’s 50 day moving average is $187.99 and its 200 day moving average is $173.21. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $202.50.

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

In other news, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William D. Zollars sold 1,232 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $187.23, for a total transaction of $230,667.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,696 shares of company stock valued at $8,070,481. 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.

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

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