HL Financial Services LLC boosted its position in shares of Cigna Corporation (NYSE:CI) by 3.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,945 shares of the health services provider’s stock after buying an additional 115 shares during the period. HL Financial Services LLC’s holdings in Cigna Corporation were worth $660,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CI. Guardian Life Insurance Co. of America increased its stake in 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 during the period. Bronfman E.L. Rothschild L.P. boosted its position 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 position 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. Winslow Evans & Crocker Inc. boosted its position 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. Finally, IFP Advisors Inc boosted its position in shares of Cigna Corporation by 1.9% in the first quarter. IFP Advisors Inc now owns 2,180 shares of the health services provider’s stock worth $319,000 after buying an additional 41 shares in the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.

Cigna Corporation (NYSE CI) opened at 174.38 on Friday. The company has a 50 day moving average price of $172.22 and a 200 day moving average price of $159.17. Cigna Corporation has a 1-year low of $115.03 and a 1-year high of $178.57. The firm has a market cap of $43.91 billion, a PE ratio of 20.12 and a beta of 0.46.

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

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CI has been the topic of a number of recent research reports. Deutsche Bank AG boosted their price objective on Cigna Corporation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Morgan Stanley boosted their price objective on Cigna Corporation from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Monday, August 7th. CIBC boosted their price objective on Cigna Corporation from $174.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Wells Fargo & Company restated a “market perform” rating and set a $174.00 price objective (up previously from $163.00) on shares of Cigna Corporation in a research note on Monday, June 19th. Finally, Oppenheimer Holdings, Inc. boosted their price objective on Cigna Corporation from $174.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $180.06.

In other news, CEO David Cordani sold 153,168 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $170.20, for a total value of $26,069,193.60. Following the sale, the chief executive officer now directly owns 421,162 shares of the company’s stock, valued at $71,681,772.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jane E. Md Henney sold 600 shares of the firm’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $174.14, for a total value of $104,484.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 261,539 shares of company stock worth $44,527,348. 1.30% of the stock is currently owned by company insiders.

About Cigna Corporation

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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