Investors Sell Cigna Corp. (CI) on Strength (CI)
Investors sold shares of Cigna Corp. (NYSE:CI) on strength during trading on Thursday. $174.17 million flowed into the stock on the tick-up and $220.15 million flowed out of the stock on the tick-down, for a money net flow of $45.98 million out of the stock. Of all companies tracked, Cigna Corp. had the 0th highest net out-flow for the day. Cigna Corp. traded up $7.21 for the day and closed at $140.32
CI has been the subject of several recent analyst reports. Leerink Swann reissued a “buy” rating and set a $175.00 price objective on shares of Cigna Corp. in a report on Thursday, March 31st. Zacks Investment Research lowered Cigna Corp. from a “hold” rating to a “sell” rating in a report on Monday, April 11th. Jefferies Group reissued a “buy” rating and set a $165.00 price objective (down previously from $184.00) on shares of Cigna Corp. in a report on Tuesday, May 10th. Royal Bank Of Canada boosted their price objective on Cigna Corp. from $169.00 to $174.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 18th. Finally, Barclays PLC boosted their price objective on Cigna Corp. from $156.00 to $168.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 1st. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Cigna Corp. currently has a consensus rating of “Buy” and a consensus target price of $165.20.
The company has a market capitalization of $35.99 billion and a PE ratio of 17.54. The firm’s 50 day moving average price is $129.03 and its 200-day moving average price is $134.19.
Cigna Corp. (NYSE:CI) last posted its quarterly earnings data on Friday, May 6th. The company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.16 by $0.16. During the same period last year, the business earned $1.96 EPS. The company earned $9.90 billion during the quarter, compared to the consensus estimate of $9.98 billion. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Cigna Corp. will post $9.29 EPS for the current year.
A number of hedge funds have modified their holdings of CI. Private Advisor Group LLC increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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. increased its stake in shares of 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 acquired a new stake in shares of Cigna Corp. during the fourth quarter valued at about $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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