Cigna Corp. (NYSE:CI) rose 3.4% during trading on Thursday . The company traded as high as $137.88 and last traded at $137.69, with a volume of 2,373,162 shares changing hands. The stock had previously closed at $133.11.

CI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Cigna Corp. from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Barclays PLC raised their price objective on shares of Cigna Corp. from $156.00 to $168.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 1st. Wolfe Research initiated coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued an “outperform” rating and a $172.00 target price for the company. Stifel Nicolaus initiated coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued a “buy” rating and a $169.00 target price for the company. Finally, Leerink Swann reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Cigna Corp. in a report on Tuesday, May 10th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $165.20.

The stock has a 50 day moving average price of $129.50 and a 200 day moving average price of $134.18. The stock has a market cap of $37.45 billion and a PE ratio of 18.25.

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

Other hedge funds recently modified their holdings of the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Cigna Corp. during the fourth quarter worth $2,239,000. Gamco Investors INC. ET AL raised its stake in shares of Cigna Corp. by 8.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 15,800 shares of the company’s stock worth $2,312,000 after buying an additional 1,250 shares in the last quarter. Brown Advisory Inc. raised 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 worth $1,734,000 after buying an additional 6,099 shares in the last quarter. Private Advisor Group LLC raised 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 worth $1,032,000 after buying an additional 3,859 shares in the last quarter. Finally, GSA Capital Partners LLP raised 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 worth $1,126,000 after buying an additional 1,349 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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