Cigna Corporation (CI) Shares Bought by Janus Henderson Group PLC
Janus Henderson Group PLC lifted its holdings in shares of Cigna Corporation (NYSE:CI) by 245.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,828 shares of the health services provider’s stock after purchasing an additional 78,789 shares during the period. Janus Henderson Group PLC’s holdings in Cigna Corporation were worth $18,549,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. American Beacon Advisors Inc. bought a new stake in shares of Cigna Corporation during the 1st quarter valued at about $102,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Cigna Corporation during the 2nd quarter valued at about $106,000. Parallel Advisors LLC boosted its position in shares of Cigna Corporation by 62.3% during the 2nd quarter. Parallel Advisors LLC now owns 800 shares of the health services provider’s stock valued at $139,000 after purchasing an additional 307 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Cigna Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock valued at $145,000 after purchasing an additional 7 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in shares of Cigna Corporation by 66.7% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,000 shares of the health services provider’s stock valued at $167,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 87.95% of the company’s stock.
Several equities research analysts recently commented on the company. Bank of America Corporation upped their target price on Cigna Corporation from $193.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, June 23rd. ValuEngine lowered Cigna Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Citigroup Inc. upped their target price on Cigna Corporation from $185.00 to $198.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating and set a $190.00 target price (down previously from $199.00) on shares of Cigna Corporation in a research report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $185.00 price target on shares of Cigna Corporation in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $193.44.
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Shares of Cigna Corporation (NYSE CI) opened at 188.22 on Friday. The stock has a market capitalization of $47.39 billion, a P/E ratio of 21.72 and a beta of 0.43. The stock has a 50 day moving average price of $186.01 and a 200 day moving average price of $171.28. Cigna Corporation has a 52 week low of $115.03 and a 52 week high of $193.00.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings results 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. Cigna Corporation had a return on equity of 17.40% and a net margin of 5.55%. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period in the previous year, the firm posted $1.98 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts expect that Cigna Corporation will post $10.03 EPS for the current year.
In related news, Chairman Isaiah Harris, Jr. sold 247 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total value of $45,761.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Zollars sold 1,232 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $187.23, for a total transaction of $230,667.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,296 shares of company stock worth $8,174,965. Insiders own 1.30% of the company’s stock.
Cigna Corporation 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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