Prudent Man Advisors LLC Has $796,000 Stock Position in Cigna Co. (NYSE:CI)

Prudent Man Advisors LLC lessened its holdings in shares of Cigna Co. (NYSE:CIGet Rating) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,322 shares of the health services provider’s stock after selling 52 shares during the period. Prudent Man Advisors LLC’s holdings in Cigna were worth $796,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Country Trust Bank increased its stake in Cigna by 116.7% in the first quarter. Country Trust Bank now owns 104 shares of the health services provider’s stock valued at $25,000 after purchasing an additional 56 shares in the last quarter. Missouri Trust & Investment Co bought a new stake in Cigna in the fourth quarter valued at $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of Cigna during the first quarter worth about $30,000. Exane Derivatives increased its position in shares of Cigna by 6,200.0% during the first quarter. Exane Derivatives now owns 126 shares of the health services provider’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its position in shares of Cigna by 144.4% during the fourth quarter. Wagner Wealth Management LLC now owns 132 shares of the health services provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Transactions at Cigna

In other Cigna news, insider Jason D. Sadler sold 9,505 shares of the business’s stock in a transaction on Friday, July 8th. The shares were sold at an average price of $280.00, for a total transaction of $2,661,400.00. Following the transaction, the insider now owns 32,853 shares in the company, valued at $9,198,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jason D. Sadler sold 9,505 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $280.00, for a total value of $2,661,400.00. Following the transaction, the insider now directly owns 32,853 shares in the company, valued at $9,198,840. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Cordani sold 45,261 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $270.42, for a total transaction of $12,239,479.62. Following the completion of the sale, the chief executive officer now directly owns 160,499 shares of the company’s stock, valued at $43,402,139.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,642 shares of company stock valued at $20,869,065. 0.80% of the stock is currently owned by corporate insiders.

Cigna Trading Up 0.6 %

Shares of NYSE CI opened at $281.77 on Friday. Cigna Co. has a 1 year low of $191.74 and a 1 year high of $284.46. The stock has a market cap of $89.40 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The firm has a 50-day moving average of $265.57 and a 200 day moving average of $251.60. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.72 and a quick ratio of 0.70.

Cigna (NYSE:CIGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The health services provider reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $5.62 by $0.60. The firm had revenue of $45.48 billion during the quarter, compared to analyst estimates of $44.34 billion. Cigna had a net margin of 3.05% and a return on equity of 15.91%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.24 earnings per share. As a group, sell-side analysts expect that Cigna Co. will post 22.9 EPS for the current fiscal year.

Cigna Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be issued a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, September 6th. Cigna’s dividend payout ratio is currently 26.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CI shares. Cowen raised shares of Cigna from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $242.00 to $329.00 in a research report on Monday, May 9th. Wells Fargo & Company upped their price objective on shares of Cigna from $278.00 to $306.00 in a research report on Monday, May 9th. Barclays upped their price objective on shares of Cigna from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Monday, May 23rd. Oppenheimer reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Cigna in a research report on Tuesday, June 7th. Finally, Credit Suisse Group set a $315.00 price objective on shares of Cigna in a research report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.72.

About Cigna

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Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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