Cigna Corporation (CI) Stake Lowered by Accident Compensation Corp

Accident Compensation Corp lessened its position in Cigna Corporation (NYSE:CI) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,049 shares of the health services provider’s stock after selling 2,043 shares during the period. Cigna makes up 1.6% of Accident Compensation Corp’s investment portfolio, making the stock its 20th largest holding. Accident Compensation Corp’s holdings in Cigna were worth $5,991,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management purchased a new position in shares of Cigna in the 3rd quarter valued at about $112,000. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Cigna in the 2nd quarter valued at about $106,000. Horan Capital Advisors LLC. purchased a new position in shares of Cigna in the 3rd quarter valued at about $123,000. Parallel Advisors LLC increased its holdings in shares of Cigna by 62.3% in the 2nd quarter. Parallel Advisors LLC now owns 800 shares of the health services provider’s stock valued at $139,000 after purchasing an additional 307 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of Cigna by 171.9% in the 3rd quarter. Grove Bank & Trust now owns 976 shares of the health services provider’s stock valued at $182,000 after purchasing an additional 617 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.

A number of brokerages have recently issued reports on CI. Zacks Investment Research downgraded shares of Cigna from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Citigroup increased their price target on shares of Cigna from $198.00 to $231.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Morgan Stanley increased their price target on shares of Cigna from $195.00 to $223.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Jefferies Group increased their price target on shares of Cigna from $221.00 to $231.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $220.00 price target (up previously from $185.00) on shares of Cigna in a report on Friday, November 3rd. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $201.50.

In other news, CAO Mary T. Hoeltzel sold 575 shares of Cigna stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $197.03, for a total transaction of $113,292.25. Following the completion of the sale, the chief accounting officer now directly owns 2,499 shares in the company, valued at $492,377.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alan Muney sold 15,345 shares of Cigna stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $200.80, for a total transaction of $3,081,276.00. Following the sale, the executive vice president now owns 28,457 shares of the company’s stock, valued at $5,714,165.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,203 shares of company stock valued at $7,211,251 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Cigna Corporation (NYSE CI) opened at $203.06 on Wednesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.37. Cigna Corporation has a twelve month low of $131.03 and a twelve month high of $212.46. The firm has a market cap of $50,323.26, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.56 and a beta of 0.50.

Cigna (NYSE:CI) last posted its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.47. Cigna had a net margin of 5.74% and a return on equity of 18.85%. The firm had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same period last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts anticipate that Cigna Corporation will post 10.34 earnings per share for the current fiscal year.

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

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