Outfitter Advisors LTD. maintained its stake in Cigna Corporation (NYSE:CI) during the second quarter, Holdings Channel reports. The fund owned 14,877 shares of the health services provider’s stock at the end of the second quarter. Outfitter Advisors LTD.’s holdings in Cigna Corporation were worth $2,490,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. 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 valued at $145,000 after buying an additional 7 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in 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 valued at $309,000 after buying an additional 22 shares during the period. Boys Arnold & Co. Inc. increased its stake in 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 valued at $269,000 after buying an additional 33 shares during the period. Wetherby Asset Management Inc. increased its stake in 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 valued at $702,000 after buying an additional 33 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its stake in 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 valued at $304,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 86.91% of the company’s stock.

Shares of Cigna Corporation (NYSE CI) opened at 174.38 on Friday. The firm has a market capitalization of $43.91 billion, a PE ratio of 20.12 and a beta of 0.46. Cigna Corporation has a 52 week low of $115.03 and a 52 week high of $178.57. The company has a 50-day moving average of $172.22 and a 200-day moving average of $159.17.

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

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

In other Cigna Corporation news, VP Mary T. Hoeltzel sold 525 shares of Cigna Corporation stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $177.59, for a total transaction of $93,234.75. Following the transaction, the vice president now owns 1,924 shares of the company’s stock, valued at approximately $341,683.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David Cordani sold 153,168 shares of Cigna Corporation stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $170.20, for a total value of $26,069,193.60. Following the transaction, the chief executive officer now directly owns 421,162 shares in the company, valued at approximately $71,681,772.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 261,539 shares of company stock worth $44,527,348. Company 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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