Traders Sell Shares of Cigna Corp. (CI) on Strength (CI)
Investors sold shares of Cigna Corp. (NYSE:CI) on strength during trading hours 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 stocks 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 research reports. Jefferies Group reiterated a “buy” rating on shares of Cigna Corp. in a report on Tuesday, August 23rd. William Blair reiterated a “buy” rating on shares of Cigna Corp. in a report on Wednesday. Barclays PLC raised their price objective 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 initiated coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued a “buy” rating and a $169.00 price objective for the company. Finally, Wolfe Research initiated coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued an “outperform” rating and a $172.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $160.87.
The stock’s 50 day moving average is $131.47 and its 200-day moving average is $133.28. The firm has a market capitalization of $32.75 billion and a price-to-earnings ratio of 16.56.
Cigna Corp. (NYSE:CI) last released its earnings results 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. The company earned $9.89 billion during the quarter, compared to the consensus estimate of $9.98 billion. Cigna Corp.’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $2.55 EPS. On average, analysts forecast that Cigna Corp. will post $8.07 earnings per share for the current year.
In other Cigna Corp. news, VP Mary T. Hoeltzel sold 500 shares of the business’s 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 completion of the sale, the vice president now owns 4,017 shares in the company, valued at $531,368.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
A hedge fund recently raised its stake in Cigna Corp. stock. Schwab Charles Investment Management Inc. increased 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. 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 SEC filing.
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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