Cigna Corp. (NYSE:CI) traded up 2% during mid-day trading on Friday . The company traded as high as $133.48 and last traded at $132.56, with a volume of 1,362,711 shares traded. The stock had previously closed at $130.01.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Cigna Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $149.00 price objective on shares of Cigna Corp. in a research report on Friday, July 8th. Wolfe Research assumed coverage on shares of Cigna Corp. in a research report on Tuesday, June 28th. They issued an “outperform” rating and a $172.00 price objective for the company. Stifel Nicolaus assumed coverage on shares of Cigna Corp. in a research report on Tuesday, June 28th. They issued a “buy” rating and a $169.00 price objective for the company. Finally, FBR & Co reiterated a “hold” rating on shares of Cigna Corp. in a research report on Monday, June 20th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $165.20.

The firm’s 50-day moving average price is $128.25 and its 200 day moving average price is $134.49. The company has a market cap of $33.78 billion and a PE ratio of 16.46.

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

Several hedge funds and institutional investors have recently added to or reduced their stakes in CI. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Cigna Corp. during the fourth quarter valued at about $2,239,000. OppenheimerFunds Inc. increased its position in Cigna Corp. by 4.8% in the fourth quarter. OppenheimerFunds Inc. now owns 350,664 shares of the company’s stock valued at $51,321,000 after buying an additional 16,074 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Cigna Corp. by 8.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 15,800 shares of the company’s stock valued at $2,312,000 after buying an additional 1,250 shares in the last quarter. Gabelli Funds LLC increased its position in Cigna Corp. by 10.7% in the fourth quarter. Gabelli Funds LLC now owns 136,400 shares of the company’s stock valued at $19,959,000 after buying an additional 13,200 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in Cigna Corp. by 106.0% in the fourth quarter. Brown Advisory Inc. now owns 11,854 shares of the company’s stock valued at $1,734,000 after buying an additional 6,099 shares in 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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