Investors Sell Cigna Corp. (CI) on Strength (CI)
Traders sold shares of Cigna Corp. (NYSE:CI) on strength during trading on Thursday. $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 several research analyst reports. Jefferies Group restated a “buy” rating on shares of Cigna Corp. in a research note on Tuesday, August 23rd. William Blair reaffirmed a “buy” rating on shares of Cigna Corp. in a report on Wednesday. Barclays PLC upped their target price on shares of Cigna Corp. from $156.00 to $168.00 and gave the company an “equal weight” rating in a report on Wednesday, June 1st. Stifel Nicolaus started 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, Wolfe Research started 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. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $160.87.
The stock’s 50-day moving average price is $131.42 and its 200 day moving average price is $133.24. The company has a market capitalization of $32.89 billion and a P/E ratio of 16.63.
Cigna Corp. (NYSE:CI) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.98 earnings per share for the quarter, missing the Thomson Reuters’ 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. During the same period in the prior year, the company posted $2.55 earnings per share. Cigna Corp.’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities analysts anticipate that Cigna Corp. will post $8.07 EPS for the current year.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $132.28, for a total transaction of $66,140.00. Following the completion of 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 available through this hyperlink.
An institutional investor recently raised its position in Cigna Corp. stock. Schwab Charles Investment Management Inc. raised its stake in shares of Cigna Corp. (NYSE:CI) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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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