C WorldWide Group Holding A S lowered its position in Cigna Corporation (NYSE:CI) by 20.4% during the second quarter, Holdings Channel reports. The firm owned 96,878 shares of the health services provider’s stock after selling 24,850 shares during the period. C WorldWide Group Holding A S’s holdings in Cigna Corporation were worth $16,216,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in shares of Cigna Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock worth $145,000 after buying an additional 7 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Cigna Corporation by 1.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,112 shares of the health services provider’s stock worth $309,000 after buying an additional 22 shares in the last quarter. Boys Arnold & Co. Inc. boosted its stake in shares of Cigna Corporation by 1.8% in the first quarter. Boys Arnold & Co. Inc. now owns 1,833 shares of the health services provider’s stock worth $269,000 after buying an additional 33 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of Cigna Corporation by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 4,192 shares of the health services provider’s stock worth $702,000 after buying an additional 33 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of Cigna Corporation by 1.9% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,814 shares of the health services provider’s stock worth $304,000 after buying an additional 34 shares in the last quarter. 86.91% of the stock is currently owned by hedge funds and other institutional investors.

Cigna Corporation (CI) opened at 175.36 on Friday. Cigna Corporation has a one year low of $115.03 and a one year high of $178.57. The stock’s 50 day moving average is $172.11 and its 200 day moving average is $158.96. The firm has a market capitalization of $44.15 billion, a P/E ratio of 20.23 and a beta of 0.46.

Cigna Corporation (NYSE:CI) last announced its quarterly earnings results on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.43. Cigna Corporation had a net margin of 7.46% and a return on equity of 17.40%. The firm had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.26 billion. During the same period last year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that Cigna Corporation will post $10.02 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the company. UBS AG restated a “buy” rating and set a $186.00 price objective (up previously from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. Jefferies Group LLC restated a “buy” rating and set a $183.00 price objective on shares of Cigna Corporation in a report on Thursday, June 8th. Deutsche Bank AG boosted their price objective on Cigna Corporation from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Royal Bank Of Canada boosted their price objective on Cigna Corporation from $172.00 to $177.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Finally, Bank of America Corporation boosted their price objective on Cigna Corporation from $193.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $180.06.

In other Cigna Corporation news, EVP Nicole S. Jones sold 20,312 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $160.04, for a total value of $3,250,732.48. Following the completion of the transaction, the executive vice president now directly owns 44,737 shares of the company’s stock, valued at approximately $7,159,709.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa R. Bacus sold 11,455 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $161.57, for a total transaction of $1,850,784.35. Following the completion of the transaction, the executive vice president now directly owns 24,753 shares of the company’s stock, valued at $3,999,342.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,014 shares of company stock valued at $44,434,114. Insiders own 1.30% of the company’s stock.

Cigna Corporation Company Profile

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, and Other Operations and Corporate.

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Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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