Community Bank N.A. bought a new position in shares of CIGNA Co. (NYSE:CI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 918 shares of the health services provider’s stock, valued at approximately $186,000.

Several other large investors have also added to or reduced their stakes in CI. Saratoga Research & Investment Management bought a new stake in shares of CIGNA in the third quarter valued at about $112,000. Iguana Healthcare Management LLC raised its holdings in shares of CIGNA by 51.4% in the third quarter. Iguana Healthcare Management LLC now owns 26,500 shares of the health services provider’s stock valued at $4,954,000 after acquiring an additional 9,000 shares in the last quarter. Ascension Asset Management LLC bought a new stake in shares of CIGNA in the fourth quarter valued at about $473,000. Schwab Charles Investment Management Inc. raised its holdings in shares of CIGNA by 3.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 904,143 shares of the health services provider’s stock valued at $183,623,000 after acquiring an additional 29,553 shares in the last quarter. Finally, Sectoral Asset Management Inc raised its holdings in shares of CIGNA by 194.1% in the third quarter. Sectoral Asset Management Inc now owns 45,615 shares of the health services provider’s stock valued at $8,527,000 after acquiring an additional 30,105 shares in the last quarter. Institutional investors and hedge funds own 88.04% of the company’s stock.

In other news, insider Michael W. Triplett sold 10,417 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $197.77, for a total transaction of $2,060,170.09. Following the sale, the insider now owns 32,347 shares in the company, valued at $6,397,266.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John M. Murabito sold 6,099 shares of the business’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $220.10, for a total value of $1,342,389.90. Following the sale, the executive vice president now owns 68,026 shares in the company, valued at approximately $14,972,522.60. The disclosure for this sale can be found here. Insiders sold 75,080 shares of company stock worth $15,390,073 in the last quarter. 1.30% of the stock is owned by insiders.

Several analysts recently weighed in on the company. Morgan Stanley lifted their price objective on CIGNA from $195.00 to $223.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Oppenheimer lifted their price objective on CIGNA to $237.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $220.00 price objective (up from $185.00) on shares of CIGNA in a report on Friday, November 3rd. Goldman Sachs Group assumed coverage on CIGNA in a report on Wednesday, January 3rd. They issued a “neutral” rating and a $247.00 price objective for the company. Finally, Jefferies Group lifted their price objective on CIGNA from $201.00 to $221.00 and gave the company a “buy” rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $210.12.

CIGNA Co. (NYSE CI) opened at $189.27 on Friday. CIGNA Co. has a 52 week low of $141.93 and a 52 week high of $227.13. The company has a quick ratio of 0.39, a current ratio of 0.37 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $47,680.91, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.17 and a beta of 0.45.

CIGNA (NYSE:CI) last posted its earnings results on Thursday, February 1st. The health services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.07. CIGNA had a return on equity of 18.84% and a net margin of 5.38%. The company had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.28 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. equities research analysts expect that CIGNA Co. will post 12.9 EPS for the current fiscal year.

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CIGNA 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 (NYSE:CI)

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