Ladenburg Thalmann Financial Services Inc. increased its stake in Cigna Corporation (NYSE:CI) by 63.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,711 shares of the health services provider’s stock after buying an additional 3,775 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Cigna were worth $1,816,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CI. Orbimed Advisors LLC lifted its holdings in Cigna by 3.6% during the 3rd quarter. Orbimed Advisors LLC now owns 1,266,100 shares of the health services provider’s stock valued at $236,685,000 after purchasing an additional 44,000 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Cigna by 94.4% during the 3rd quarter. Janus Henderson Group PLC now owns 215,424 shares of the health services provider’s stock valued at $40,268,000 after purchasing an additional 104,596 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Cigna during the third quarter worth $3,686,000. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Cigna by 5.3% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 196,209 shares of the health services provider’s stock worth $36,677,000 after buying an additional 9,952 shares in the last quarter. Finally, Sectoral Asset Management Inc lifted its holdings in shares of Cigna by 194.1% during the third quarter. Sectoral Asset Management Inc now owns 45,615 shares of the health services provider’s stock worth $8,527,000 after buying an additional 30,105 shares in the last quarter. 87.85% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on CI shares. Jefferies Group lifted their target price on Cigna from $201.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised Cigna from a “hold” rating to a “buy” rating and set a $214.00 target price for the company in a report on Monday, October 9th. Piper Jaffray Companies reissued a “buy” rating and set a $191.00 target price on shares of Cigna in a report on Sunday, September 17th. Citigroup lifted their target price on Cigna from $198.00 to $231.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets initiated coverage on Cigna in a research report on Monday, October 16th. They issued a “market perform” rating and a $210.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $201.50.
Shares of Cigna Corporation (CI) opened at $204.14 on Friday. The firm has a market capitalization of $50,330.72, a PE ratio of 19.67, a PEG ratio of 1.56 and a beta of 0.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.39 and a current ratio of 0.39. Cigna Corporation has a twelve month low of $133.11 and a twelve month high of $212.46.
Cigna (NYSE:CI) last posted its quarterly earnings data on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. The company had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. Cigna had a return on equity of 18.85% and a net margin of 5.74%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 earnings per share. research analysts anticipate that Cigna Corporation will post 10.34 EPS for the current year.
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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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