Marco Investment Management LLC cut its holdings in Cigna Corporation (NYSE:CI) by 31.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,075 shares of the health services provider’s stock after selling 500 shares during the period. Marco Investment Management LLC’s holdings in Cigna were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC lifted its stake in Cigna by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 53,498 shares of the health services provider’s stock worth $10,001,000 after purchasing an additional 480 shares in the last quarter. California Public Employees Retirement System lifted its stake in Cigna by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 660,550 shares of the health services provider’s stock worth $123,483,000 after purchasing an additional 36,404 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Cigna by 9.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 67,528 shares of the health services provider’s stock worth $12,624,000 after purchasing an additional 5,615 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Cigna by 63.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 9,711 shares of the health services provider’s stock worth $1,816,000 after purchasing an additional 3,775 shares in the last quarter. Finally, Orbimed Advisors LLC raised its position in shares of Cigna by 3.6% during the 3rd quarter. Orbimed Advisors LLC now owns 1,266,100 shares of the health services provider’s stock valued at $236,685,000 after buying an additional 44,000 shares in the last quarter. 87.85% of the stock is owned by institutional investors.

Several analysts have recently weighed in on CI shares. Morgan Stanley raised their price objective on shares of Cigna from $188.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. BidaskClub upgraded shares of Cigna from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Piper Jaffray Companies restated a “buy” rating and set a $191.00 price objective on shares of Cigna in a research report on Sunday, September 17th. Zacks Investment Research upgraded shares of Cigna from a “hold” rating to a “buy” rating and set a $214.00 price objective on the stock in a research report on Monday, October 9th. Finally, Jefferies Group raised their price objective on shares of Cigna from $201.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $201.50.

In other Cigna news, insider Christopher J. Hocevar sold 8,387 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $200.32, for a total value of $1,680,083.84. Following the sale, the insider now owns 12,363 shares of the company’s stock, valued at approximately $2,476,556.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Alan Muney sold 15,345 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $200.80, for a total transaction of $3,081,276.00. Following the completion of the sale, the executive vice president now directly owns 28,457 shares in the company, valued at approximately $5,714,165.60. The disclosure for this sale can be found here. In the last three months, insiders sold 35,956 shares of company stock worth $7,165,490. Insiders own 1.30% of the company’s stock.

Cigna Corporation (NYSE:CI) opened at $209.16 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.37. Cigna Corporation has a twelve month low of $131.03 and a twelve month high of $212.46. The company has a market cap of $51,768.04, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.60 and a beta of 0.50.

Cigna (NYSE:CI) last released its earnings results on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.47. Cigna had a net margin of 5.74% and a return on equity of 18.85%. The company had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts forecast that Cigna Corporation will post 10.34 earnings per share for the current year.

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About Cigna

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 (NYSE:CI)

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