Traders bought shares of Cigna Corp. (NYSE:CI) on weakness during trading hours 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 topic of a number of research reports. Zacks Investment Research cut shares of Cigna Corp. from a “hold” rating to a “sell” rating in a report on Monday, April 18th. Barclays PLC boosted their target price on shares of Cigna Corp. from $156.00 to $168.00 and gave the company an “equal weight” rating in a report on Wednesday, June 1st. Leerink Swann reissued an “outperform” rating and set a $175.00 target price on shares of Cigna Corp. in a report on Tuesday, May 10th. Wolfe Research began coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They set an “outperform” rating and a $172.00 target price on the stock. Finally, Stifel Nicolaus began coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They set a “buy” rating and a $169.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $165.20.

The company has a market capitalization of $33.78 billion and a P/E ratio of 16.46. The stock has a 50-day moving average of $128.25 and a 200 day moving average of $134.49.

Cigna Corp. (NYSE:CI) last issued its earnings results on Friday, May 6th. The company reported $2.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.16 by $0.16. The company earned $9.90 billion during the quarter, compared to analysts’ expectations of $9.98 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Cigna Corp. will post $9.29 EPS for the current fiscal year.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. State of Tennessee Treasury Department increased its position in Cigna Corp. by 20.1% in the fourth quarter. State of Tennessee Treasury Department now owns 130,395 shares of the company’s stock valued at $19,081,000 after buying an additional 21,863 shares during the last quarter. Jennison Associates LLC increased its position in Cigna Corp. by 36.0% in the fourth quarter. Jennison Associates LLC now owns 924,219 shares of the company’s stock valued at $135,241,000 after buying an additional 244,864 shares during the last quarter. WBI Investments Inc. increased its position in Cigna Corp. by 29.5% in the fourth quarter. WBI Investments Inc. now owns 25,158 shares of the company’s stock valued at $3,681,000 after buying an additional 5,725 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its position in Cigna Corp. by 460.8% in the fourth quarter. Adams Diversified Equity Fund Inc. now owns 145,800 shares of the company’s stock valued at $21,335,000 after buying an additional 119,800 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Cigna Corp. by 441.4% in the fourth quarter. Marshall Wace LLP now owns 210,298 shares of the company’s stock valued at $30,773,000 after buying an additional 171,453 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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