LS Investment Advisors LLC Has $886,000 Stake in Cigna Corp. (CI)
LS Investment Advisors LLC increased its position in shares of Cigna Corp. (NYSE:CI) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,919 shares of the company’s stock after buying an additional 75 shares during the period. LS Investment Advisors LLC’s holdings in Cigna Corp. were worth $886,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in the stock. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in Cigna Corp. during the second quarter worth about $218,000. Nordea Investment Management AB raised its stake in Cigna Corp. by 8.8% in the second quarter. Nordea Investment Management AB now owns 1,157,734 shares of the company’s stock worth $148,178,000 after buying an additional 93,430 shares during the last quarter. Capital One National Association raised its stake in Cigna Corp. by 3.5% in the second quarter. Capital One National Association now owns 1,868 shares of the company’s stock worth $239,000 after buying an additional 63 shares during the last quarter. Pennsylvania Trust Co raised its stake in Cigna Corp. by 0.6% in the second quarter. Pennsylvania Trust Co now owns 9,517 shares of the company’s stock worth $1,218,000 after buying an additional 60 shares during the last quarter. Finally, Sentinel Trust Co. LBA raised its stake in Cigna Corp. by 17.8% in the second quarter. Sentinel Trust Co. LBA now owns 12,583 shares of the company’s stock worth $1,610,000 after buying an additional 1,899 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.
Cigna Corp. (NYSE:CI) traded down 2.14% on Tuesday, reaching $125.00. The company’s stock had a trading volume of 1,085,518 shares. The firm has a 50-day moving average of $129.38 and a 200-day moving average of $131.31. The company has a market capitalization of $32.07 billion, a PE ratio of 16.21 and a beta of 0.43. Cigna Corp. has a one year low of $121.87 and a one year high of $148.99.
Cigna Corp. (NYSE:CI) last posted 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. The business had revenue of $9.89 billion for the quarter, compared to the consensus estimate of $9.98 billion. Cigna Corp. had a net margin of 5.16% and a return on equity of 17.60%. Cigna Corp.’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.55 earnings per share. Analysts predict that Cigna Corp. will post $7.99 EPS for the current year.
A number of research firms recently issued reports on CI. Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Leerink Swann restated a “buy” rating and issued a $155.00 target price on shares of Cigna Corp. in a research note on Monday, September 26th. Evercore ISI assumed coverage on Cigna Corp. in a research note on Thursday, September 22nd. They issued a “hold” rating and a $134.00 target price on the stock. Goldman Sachs Group Inc. restated a “buy” rating and issued a $160.00 target price on shares of Cigna Corp. in a research note on Thursday, September 8th. Finally, William Blair restated a “buy” rating on shares of Cigna Corp. in a research note on Wednesday, August 31st. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $157.65.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total transaction of $66,140.00. Following the sale, the vice president now directly owns 4,017 shares of the company’s stock, valued at $531,368.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.
About Cigna Corp.
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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