Cigna Corp. (NYSE:CI) shot up 4.3% during mid-day trading on Friday . The stock traded as high as $133.58 and last traded at $132.01, with a volume of 2,530,315 shares traded. The stock had previously closed at $126.62.

Several research firms recently issued reports on CI. Zacks Investment Research cut shares of Cigna Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 2nd. Barclays PLC raised their price objective 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. Jefferies Group cut their price objective on shares of Cigna Corp. from $160.00 to $153.00 and set a “buy” rating for the company in a research report on Monday, August 1st. FBR & Co restated a “hold” rating on shares of Cigna Corp. in a research report on Monday, June 20th. Finally, Citigroup Inc. cut their price objective on shares of Cigna Corp. from $174.00 to $146.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $160.87.

The stock has a 50-day moving average price of $130.26 and a 200 day moving average price of $133.35. The stock has a market capitalization of $34.18 billion and a P/E ratio of 17.28.

Cigna Corp. (NYSE:CI) last released its earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. The business had revenue of $9.89 billion for the quarter, compared to the consensus estimate of $9.98 billion. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.55 EPS. Analysts forecast that Cigna Corp. will post $8.14 EPS for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. 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 worth $1,126,000 after buying an additional 1,349 shares during the period. WBI Investments Inc. increased its position in Cigna Corp. by 29.5% in the fourth quarter. WBI Investments Inc. now owns 25,158 shares of the company’s stock worth $3,681,000 after buying an additional 5,725 shares in the last quarter. Jennison Associates LLC increased its position in Cigna Corp. by 36.0% in the fourth quarter. Jennison Associates LLC now owns 924,219 shares of the company’s stock worth $135,241,000 after buying an additional 244,864 shares in the last quarter. State of Tennessee Treasury Department increased its position in Cigna Corp. by 20.1% in the fourth quarter. State of Tennessee Treasury Department now owns 130,395 shares of the company’s stock worth $19,081,000 after buying an additional 21,863 shares in the last quarter. Finally, Calvert Investment Management Inc. increased its position in Cigna Corp. by 23.3% in the fourth quarter. Calvert Investment Management Inc. now owns 14,506 shares of the company’s stock worth $2,123,000 after buying an additional 2,737 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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