Investors Sell Shares of Cigna Corp. (CI) on Strength (CI)
Investors sold shares of Cigna Corp. (NYSE:CI) on strength during trading hours on Wednesday. $17.29 million flowed into the stock on the tick-up and $33.34 million flowed out of the stock on the tick-down, for a money net flow of $16.05 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 $0.04 for the day and closed at $128.26
CI has been the subject of a number of analyst reports. Leerink Swann decreased their price target on Cigna Corp. from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $149.00 price target on shares of Cigna Corp. in a report on Friday, July 8th. Goldman Sachs Group Inc. upgraded Cigna Corp. from a “buy” rating to a “conviction-buy” rating and decreased their price target for the stock from $170.00 to $165.00 in a report on Friday, July 22nd. Zacks Investment Research upgraded Cigna Corp. from a “hold” rating to a “buy” rating and set a $144.00 price target for the company in a report on Tuesday, July 5th. Finally, Stifel Nicolaus initiated coverage on Cigna Corp. in a report on Tuesday, June 28th. They issued a “buy” rating and a $169.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Cigna Corp. has a consensus rating of “Buy” and a consensus target price of $160.87.
The company has a market cap of $32.91 billion and a PE ratio of 16.64. The firm has a 50 day moving average of $131.47 and a 200 day moving average of $133.32.
Cigna Corp. (NYSE:CI) last issued its quarterly earnings data on Friday, July 29th. The company reported $1.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. During the same quarter last year, the firm earned $2.55 earnings per share. The company earned $9.89 billion during the quarter, compared to analyst estimates of $9.98 billion. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Cigna Corp. will post $8.07 EPS for the current fiscal year.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of Cigna Corp. stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total value of $66,140.00. Following the transaction, the vice president now directly owns 4,017 shares of the company’s stock, valued at approximately $531,368.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
An institutional investor recently raised its position in Cigna Corp. stock. Schwab Charles Investment Management Inc. raised its stake in Cigna Corp. (NYSE:CI) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 679,698 shares of the company’s stock after buying an additional 21,101 shares during the period. Schwab Charles Investment Management Inc. owned about 0.26% of Cigna Corp. worth $99,461,000 as of its most recent filing with the SEC.
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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