Traders bought shares of Cigna Corp. (NYSE:CI) on weakness during trading on Thursday. $85.82 million flowed into the stock on the tick-up and $44.60 million flowed out of the stock on the tick-down, for a money net flow of $41.22 million into the stock. Of all equities tracked, Cigna Corp. had the 7th highest net in-flow for the day. Cigna Corp. traded down ($0.18) for the day and closed at $130.01

CI has been the subject of several analyst reports. Leerink Swann reiterated an “outperform” rating and issued a $175.00 target price on shares of Cigna Corp. in a research note on Tuesday, May 10th. Wolfe Research initiated coverage on Cigna Corp. in a research note on Tuesday, June 28th. They issued an “outperform” rating and a $172.00 target price for the company. Zacks Investment Research lowered Cigna Corp. from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd. Jefferies Group reiterated a “buy” rating and issued a $165.00 target price (down from $184.00) on shares of Cigna Corp. in a research note on Tuesday, May 10th. Finally, FBR & Co reiterated a “hold” rating on shares of Cigna Corp. in a research note on Monday, June 20th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $165.20.

The company’s 50-day moving average price is $128.26 and its 200 day moving average price is $134.58. The firm has a market capitalization of $33.35 billion and a PE ratio of 16.25.

Cigna Corp. (NYSE:CI) last announced its quarterly earnings results on Friday, May 6th. The company reported $2.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.16 by $0.16. During the same period in the prior year, the firm earned $1.96 EPS. The company earned $9.90 billion during the quarter, compared to analyst estimates of $9.98 billion. Cigna Corp.’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that Cigna Corp. will post $9.29 EPS for the current fiscal year.

Other institutional investors have modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Cigna Corp. by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 14,775,756 shares of the company’s stock valued at $2,162,136,000 after buying an additional 324,682 shares during the last quarter. Boston Partners increased its position in shares of Cigna Corp. by 63.1% in the fourth quarter. Boston Partners now owns 3,324,964 shares of the company’s stock valued at $486,542,000 after buying an additional 1,285,904 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Cigna Corp. by 21.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,073,222 shares of the company’s stock valued at $303,373,000 after buying an additional 367,822 shares during the last quarter. Morgan Stanley increased its position in shares of Cigna Corp. by 22.5% in the fourth quarter. Morgan Stanley now owns 1,987,289 shares of the company’s stock valued at $290,798,000 after buying an additional 365,130 shares during the last quarter. Finally, RidgeWorth Capital Management LLC increased its position in shares of Cigna Corp. by 22.6% in the fourth quarter. RidgeWorth Capital Management LLC now owns 1,966,582 shares of the company’s stock valued at $287,770,000 after buying an additional 362,711 shares during the last quarter.

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, Other Operations and Corporate.

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