California Public Employees Retirement System raised its holdings in Cigna Corporation (NYSE:CI) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624,146 shares of the health services provider’s stock after acquiring an additional 10,100 shares during the quarter. California Public Employees Retirement System owned about 0.24% of Cigna Corporation worth $104,476,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd lifted its stake in Cigna Corporation by 5.2% in the second quarter. FIL Ltd now owns 2,311,938 shares of the health services provider’s stock valued at $386,996,000 after acquiring an additional 113,531 shares during the last quarter. MML Investors Services LLC lifted its stake in Cigna Corporation by 0.8% in the second quarter. MML Investors Services LLC now owns 5,774 shares of the health services provider’s stock valued at $967,000 after acquiring an additional 43 shares during the last quarter. ETRADE Capital Management LLC lifted its stake in Cigna Corporation by 15.2% in the second quarter. ETRADE Capital Management LLC now owns 2,957 shares of the health services provider’s stock valued at $495,000 after acquiring an additional 390 shares during the last quarter. FMR LLC lifted its stake in Cigna Corporation by 6.7% in the second quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock valued at $1,156,604,000 after acquiring an additional 432,978 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Cigna Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock valued at $2,867,514,000 after acquiring an additional 424,469 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

A number of analysts have issued reports on CI shares. Cowen and Company reiterated an “outperform” rating and issued a $185.00 target price (up from $160.00) on shares of Cigna Corporation in a research note on Thursday, June 1st. ValuEngine upgraded shares of Cigna Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. UBS AG reiterated a “buy” rating and issued a $186.00 target price (up from $181.00) on shares of Cigna Corporation in a research note on Monday, June 5th. Morgan Stanley initiated coverage on shares of Cigna Corporation in a research note on Tuesday, June 6th. They issued an “overweight” rating and a $184.00 target price for the company. Finally, Jefferies Group LLC restated a “buy” rating and issued a $183.00 price objective on shares of Cigna Corporation in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Cigna Corporation currently has a consensus rating of “Buy” and a consensus price target of $182.59.

In other Cigna Corporation news, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total transaction of $45,761.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew G. Manders sold 24,357 shares of the firm’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $175.01, for a total value of $4,262,718.57. Following the sale, the insider now directly owns 46,256 shares of the company’s stock, valued at approximately $8,095,262.56. The disclosure for this sale can be found here. Insiders have sold a total of 70,653 shares of company stock valued at $12,437,684 in the last ninety days. Insiders own 1.30% of the company’s stock.

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Cigna Corporation (CI) traded up 0.43% during trading on Thursday, reaching $182.60. 330,579 shares of the company traded hands. The company has a market cap of $45.97 billion, a PE ratio of 21.07 and a beta of 0.43. Cigna Corporation has a 12 month low of $115.03 and a 12 month high of $188.36. The company’s 50-day moving average is $180.07 and its 200 day moving average is $165.77.

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

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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