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 equities 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

A number of brokerages have recently issued reports on CI. Zacks Investment Research lowered shares of Cigna Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Barclays PLC upped their target price 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. FBR & Co reiterated a “hold” rating on shares of Cigna Corp. in a research report on Monday, June 20th. Leerink Swann reiterated a “buy” rating and set a $175.00 target price on shares of Cigna Corp. in a research report on Thursday, March 31st. Finally, Jefferies Group reiterated a “buy” rating and set a $165.00 target price (down from $184.00) on shares of Cigna Corp. in a research report on Tuesday, May 10th. Six 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 stock currently has an average rating of “Buy” and an average price target of $165.20.

The company has a market capitalization of $37.45 billion and a P/E ratio of 18.25. The stock has a 50 day moving average of $129.50 and a 200 day moving average of $134.18.

Cigna Corp. (NYSE:CI) last posted 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. During the same quarter in the previous year, the company earned $1.96 EPS. The firm earned $9.90 billion during the quarter, compared to the consensus estimate of $9.98 billion. The business’s revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that Cigna Corp. will post $9.29 EPS for the current fiscal year.

A number of large investors have added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Cigna Corp. by 21.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,073,222 shares of the company’s stock valued at $303,373,000 after buying an additional 367,822 shares during the period. Morgan Stanley increased its stake in Cigna Corp. by 22.5% in the fourth quarter. Morgan Stanley now owns 1,987,289 shares of the company’s stock valued at $290,798,000 after buying an additional 365,130 shares during the period. Jennison Associates LLC increased its stake 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 period. Principal Financial Group Inc. increased its stake in Cigna Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 620,091 shares of the company’s stock valued at $90,738,000 after buying an additional 10,274 shares during the period. Finally, Atlantic Trust Group LLC increased its stake in Cigna Corp. by 2,247.5% in the fourth quarter. Atlantic Trust Group LLC now owns 419,567 shares of the company’s stock valued at $61,395,000 after buying an additional 401,694 shares during the period.

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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