Shell Asset Management Co. lifted its stake in Cigna Corporation (NYSE:CI) by 82.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,862 shares of the health services provider’s stock after acquiring an additional 40,267 shares during the period. Shell Asset Management Co.’s holdings in Cigna Corporation were worth $8,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CI. BlackRock Inc. lifted its stake in shares of Cigna Corporation by 2,335.5% in the 1st quarter. BlackRock Inc. now owns 16,987,425 shares of the health services provider’s stock worth $2,488,489,000 after acquiring an additional 16,289,943 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Cigna Corporation by 40.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,088,728 shares of the health services provider’s stock worth $684,413,000 after acquiring an additional 1,184,632 shares during the period. Waddell & Reed Financial Inc. lifted its stake in shares of Cigna Corporation by 125.8% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,749,647 shares of the health services provider’s stock worth $256,306,000 after acquiring an additional 974,747 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Cigna Corporation by 7,868.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 708,390 shares of the health services provider’s stock worth $103,772,000 after acquiring an additional 699,500 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Cigna Corporation by 221.8% in the 1st quarter. AQR Capital Management LLC now owns 926,328 shares of the health services provider’s stock worth $135,698,000 after acquiring an additional 638,426 shares during the period. 87.95% of the stock is owned by institutional investors.

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In other news, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total transaction of $45,761.69. The disclosure for this sale can be found here. Insiders sold a total of 46,296 shares of company stock worth $8,174,965 in the last ninety days. Insiders own 1.30% of the company’s stock.

A number of analysts have recently weighed in on CI shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $190.00 price target (down from $199.00) on shares of Cigna Corporation in a research note on Friday, August 4th. Zacks Investment Research raised shares of Cigna Corporation from a “hold” rating to a “buy” rating and set a $214.00 price target for the company in a research note on Monday, October 9th. BidaskClub lowered shares of Cigna Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. BMO Capital Markets started coverage on shares of Cigna Corporation in a research note on Monday, October 16th. They issued a “market perform” rating and a $210.00 price target for the company. Finally, Deutsche Bank AG upped their price target on shares of Cigna Corporation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Two investment 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $193.44.

Cigna Corporation (NYSE CI) traded up 1.70% during mid-day trading on Friday, hitting $191.42. 1,709,171 shares of the company were exchanged. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $193.00. The company has a 50 day moving average of $186.27 and a 200 day moving average of $171.58. The stock has a market cap of $48.20 billion, a P/E ratio of 22.09 and a beta of 0.43.

Cigna Corporation (NYSE:CI) last issued its 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. The company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.26 billion. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 EPS. On average, equities research analysts expect that Cigna Corporation will post $10.03 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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