CIGNA Co. (CI) Director Sells $85,184.00 in Stock
CIGNA Co. (NYSE:CI) Director Jane E. Md Henney sold 400 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $212.96, for a total transaction of $85,184.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
CIGNA Co. (NYSE:CI) traded up $5.61 during midday trading on Thursday, hitting $220.36. 1,410,900 shares of the stock were exchanged, compared to its average volume of 1,168,036. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $54,330.00, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. CIGNA Co. has a 1-year low of $133.52 and a 1-year high of $221.13.
CIGNA (NYSE:CI) last posted its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.47. The business had revenue of $10.38 billion during the quarter, compared to analyst estimates of $10.17 billion. CIGNA had a net margin of 5.74% and a return on equity of 18.85%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. equities research analysts predict that CIGNA Co. will post 10.34 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Saratoga Research & Investment Management acquired a new position in CIGNA in the third quarter worth approximately $112,000. Iguana Healthcare Management LLC increased its holdings in CIGNA by 51.4% in the third quarter. Iguana Healthcare Management LLC now owns 26,500 shares of the health services provider’s stock worth $4,954,000 after buying an additional 9,000 shares during the last quarter. Sectoral Asset Management Inc increased its holdings in CIGNA by 194.1% in the third quarter. Sectoral Asset Management Inc now owns 45,615 shares of the health services provider’s stock worth $8,527,000 after buying an additional 30,105 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in CIGNA by 54.4% in the third quarter. Assenagon Asset Management S.A. now owns 22,058 shares of the health services provider’s stock worth $4,124,000 after buying an additional 7,775 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in CIGNA by 97.0% in the second quarter. Pinebridge Investments L.P. now owns 101,951 shares of the health services provider’s stock worth $17,066,000 after buying an additional 50,201 shares during the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.
A number of analysts have commented on the stock. ValuEngine raised shares of CIGNA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Goldman Sachs Group assumed coverage on shares of CIGNA in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $247.00 price objective for the company. BMO Capital Markets assumed coverage on shares of CIGNA in a research note on Monday, October 16th. They set a “market perform” rating and a $210.00 price objective for the company. Morgan Stanley upped their price objective on shares of CIGNA from $195.00 to $223.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Finally, Citigroup upped their price objective on shares of CIGNA from $198.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $205.18.
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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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