Cigna Corp. (NYSE:CI)’s share price dropped 1.1% on Monday . The stock traded as low as $130.56 and last traded at $131.88, with a volume of 889,808 shares changing hands. The stock had previously closed at $133.31.

CI has been the topic of several research analyst reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $149.00 target price on shares of Cigna Corp. in a research note on Friday, July 8th. Leerink Swann lowered their target price on Cigna Corp. from $160.00 to $155.00 and set an “outperform” rating on the stock in a research note on Monday, August 1st. Goldman Sachs Group Inc. raised Cigna Corp. from a “buy” rating to a “conviction-buy” rating and lowered their target price for the company from $170.00 to $165.00 in a research note on Friday, July 22nd. Zacks Investment Research raised Cigna Corp. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research note on Tuesday, July 5th. Finally, Stifel Nicolaus initiated coverage on Cigna Corp. in a research note on Tuesday, June 28th. They set a “buy” rating and a $169.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Cigna Corp. has an average rating of “Buy” and an average price target of $160.87.

The company has a 50-day moving average price of $130.50 and a 200 day moving average price of $133.35. The firm has a market capitalization of $34.03 billion and a P/E ratio of 17.20.

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

Other hedge funds and institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP increased 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 last quarter. Gyroscope Capital Management Group LLC increased its position in Cigna Corp. by 492.6% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 14,324 shares of the company’s stock worth $2,096,000 after buying an additional 11,907 shares during the last quarter. 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 during 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 during the last quarter. Finally, 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.