Investors sold shares of Cigna Corporation (NYSE:CI) on strength during trading hours on Tuesday. $43.17 million flowed into the stock on the tick-up and $60.98 million flowed out of the stock on the tick-down, for a money net flow of $17.81 million out of the stock. Of all companies tracked, Cigna Corporation had the 25th highest net out-flow for the day. Cigna Corporation traded up $2.14 for the day and closed at $185.31

Several research analysts have recently issued reports on the stock. UBS AG restated a “buy” rating and issued a $186.00 target price (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 issued a $183.00 target price on shares of Cigna Corporation in a report on Thursday, June 8th. Deutsche Bank AG upped their target price on shares of Cigna Corporation from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a “buy” rating and issued a $177.00 target price on shares of Cigna Corporation in a report on Tuesday, June 13th. Finally, Bank of America Corporation upped their target price on shares of Cigna Corporation from $193.00 to $198.00 and gave the company a “buy” rating in a report on Friday, June 23rd. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $180.44.

The stock has a market capitalization of $46.66 billion, a P/E ratio of 21.38 and a beta of 0.43. The company has a 50-day moving average price of $176.85 and a 200 day moving average price of $163.29.

Cigna Corporation (NYSE:CI) last released its quarterly earnings data on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.43. The firm had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.26 billion. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.98 earnings per share. Analysts expect that Cigna Corporation will post $10.02 earnings per share for the current year.

In other news, insider Michael W. Triplett sold 1,439 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $166.89, for a total transaction of $240,154.71. Following the completion of the transaction, the insider now owns 26,199 shares of the company’s stock, valued at $4,372,351.11. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David Cordani sold 153,168 shares of the business’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $170.20, for a total transaction of $26,069,193.60. Following the transaction, the chief executive officer now directly owns 421,162 shares of the company’s stock, valued at approximately $71,681,772.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 223,781 shares of company stock valued at $38,470,603. Corporate insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Achmea Investment Management B.V. boosted its holdings in shares of Cigna Corporation by 73.7% during the second quarter. Achmea Investment Management B.V. now owns 18,365 shares of the health services provider’s stock valued at $3,073,000 after acquiring an additional 7,791 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Cigna Corporation by 2.8% during the second quarter. Lord Abbett & CO. LLC now owns 43,600 shares of the health services provider’s stock valued at $7,298,000 after acquiring an additional 1,200 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Cigna Corporation by 25.0% during the second quarter. Toronto Dominion Bank now owns 86,740 shares of the health services provider’s stock valued at $14,517,000 after acquiring an additional 17,348 shares during the period. Beaton Management Co. Inc. acquired a new position in shares of Cigna Corporation during the second quarter valued at $298,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Cigna Corporation by 255.4% during the second quarter. Dynamic Technology Lab Private Ltd now owns 6,752 shares of the health services provider’s stock valued at $1,130,000 after acquiring an additional 4,852 shares during the period. 87.96% of the stock is owned by institutional investors.

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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.