Cigna Corp. (NYSE:CI) shares saw unusually-strong trading volume on Tuesday . Approximately 1,779,472 shares traded hands during trading, a decline of 1% from the previous session’s volume of 1,790,573 shares.The stock last traded at $129.85 and had previously closed at $133.13.

Several analysts have recently issued reports on CI shares. Zacks Investment Research cut shares of Cigna Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Barclays PLC increased their price target on shares of Cigna Corp. from $156.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 1st. Leerink Swann reissued an “outperform” rating and set a $175.00 price target on shares of Cigna Corp. in a research report on Tuesday, May 10th. Wolfe Research started coverage on shares of Cigna Corp. in a research report on Tuesday, June 28th. They set an “outperform” rating and a $172.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Cigna Corp. in a research report on Tuesday, June 28th. They set a “buy” rating and a $169.00 price target on the stock. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $165.20.

The stock has a 50-day moving average price of $128.47 and a 200 day moving average price of $134.18. The firm has a market cap of $33.42 billion and a price-to-earnings ratio of 16.29.

Cigna Corp. (NYSE:CI) last released its quarterly earnings data on Friday, May 6th. The company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.16. The firm earned $9.90 billion during the quarter, compared to analyst estimates of $9.98 billion. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities research analysts predict that Cigna Corp. will post $9.29 EPS for the current year.

Other institutional investors recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Cigna Corp. by 120.9% in the fourth quarter. Private Advisor Group LLC now owns 7,050 shares of the company’s stock valued at $1,032,000 after buying an additional 3,859 shares during the period. GSA Capital Partners LLP raised its position in Cigna Corp. by 21.3% in the fourth quarter. GSA Capital Partners LLP now owns 7,692 shares of the company’s stock valued at $1,126,000 after buying an additional 1,349 shares during the period. Sawtooth Asset Management Inc. raised its position in Cigna Corp. by 3,602.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 10,738 shares of the company’s stock valued at $1,571,000 after buying an additional 10,448 shares during the period. Brown Advisory Inc. raised 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 during the period. Finally, Lipe & Dalton bought a new position in Cigna Corp. during the fourth quarter valued at approximately $1,793,000.

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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