CHURCHILL MANAGEMENT Corp Increases Holdings in CIGNA Co. (CI)
CHURCHILL MANAGEMENT Corp raised its holdings in shares of CIGNA Co. (NYSE:CI) by 33.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 8,278 shares of the health services provider’s stock after buying an additional 2,075 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in CIGNA were worth $1,681,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in CI. Investec Asset Management LTD lifted its stake in CIGNA by 35.4% during the 3rd quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock valued at $345,764,000 after acquiring an additional 483,904 shares during the period. FMR LLC lifted its stake in CIGNA by 6.7% during the 2nd quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock valued at $1,156,604,000 after acquiring an additional 432,978 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in CIGNA by 4,082.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 438,231 shares of the health services provider’s stock valued at $73,355,000 after acquiring an additional 427,754 shares during the period. Vanguard Group Inc. lifted its stake in CIGNA by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock valued at $2,867,514,000 after acquiring an additional 424,469 shares during the period. Finally, Numeric Investors LLC lifted its stake in CIGNA by 76.0% during the 2nd quarter. Numeric Investors LLC now owns 714,702 shares of the health services provider’s stock valued at $119,634,000 after acquiring an additional 308,702 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.
In other news, CAO Mary T. Hoeltzel sold 575 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $197.03, for a total transaction of $113,292.25. Following the completion of the sale, the chief accounting officer now owns 2,499 shares of the company’s stock, valued at $492,377.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Alan Muney sold 15,345 shares of the company’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 sale, the executive vice president now directly owns 28,457 shares of the company’s stock, valued at approximately $5,714,165.60. The disclosure for this sale can be found here. In the last three months, insiders sold 34,936 shares of company stock valued at $6,979,204. 1.30% of the stock is owned by insiders.
Shares of CIGNA Co. (CI) opened at $210.89 on Friday. The company has a market cap of $51,990.00, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.44 and a beta of 0.51. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.37. CIGNA Co. has a 1-year low of $133.52 and a 1-year high of $212.46.
CIGNA (NYSE:CI) last issued its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, topping the consensus estimate of $2.36 by $0.47. The company 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 quarter in the previous year, the firm earned $1.94 EPS. analysts expect that CIGNA Co. will post 10.34 earnings per share for the current year.
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CIGNA Company 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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