Teacher Retirement System of Texas reduced its stake in Cigna Corp (NYSE:CI) by 56.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,441 shares of the health services provider’s stock after selling 22,670 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cigna were worth $2,805,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mascoma Wealth Management LLC grew its stake in shares of Cigna by 8.1% during the 4th quarter. Mascoma Wealth Management LLC now owns 709 shares of the health services provider’s stock worth $135,000 after purchasing an additional 53 shares during the period. Howe & Rusling Inc. grew its stake in Cigna by 1.3% in the 4th quarter. Howe & Rusling Inc. now owns 4,585 shares of the health services provider’s stock valued at $871,000 after acquiring an additional 61 shares during the period. Accurate Investment Solutions Inc. grew its stake in Cigna by 9.5% in the 1st quarter. Accurate Investment Solutions Inc. now owns 706 shares of the health services provider’s stock valued at $114,000 after acquiring an additional 61 shares during the period. CX Institutional grew its stake in Cigna by 1.9% in the 1st quarter. CX Institutional now owns 3,523 shares of the health services provider’s stock valued at $567,000 after acquiring an additional 66 shares during the period. Finally, First Command Bank grew its stake in Cigna by 11.8% in the 4th quarter. First Command Bank now owns 636 shares of the health services provider’s stock valued at $121,000 after acquiring an additional 67 shares during the period. 88.61% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Brian C. Evanko purchased 2,000 shares of Cigna stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $163.40 per share, for a total transaction of $326,800.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William D. Zollars sold 272 shares of Cigna stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $168.43, for a total value of $45,812.96. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

CI stock traded up $1.99 during midday trading on Tuesday, reaching $155.66. The stock had a trading volume of 32,849 shares, compared to its average volume of 2,893,006. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $58.42 billion, a P/E ratio of 10.96, a PEG ratio of 0.76 and a beta of 0.69. Cigna Corp has a 52-week low of $141.95 and a 52-week high of $226.60.

Cigna (NYSE:CI) last announced its quarterly earnings data on Thursday, May 2nd. The health services provider reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.16. The company had revenue of $33.43 billion for the quarter, compared to analyst estimates of $32.79 billion. Cigna had a return on equity of 14.23% and a net margin of 4.11%. The firm’s revenue for the quarter was up 192.9% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 EPS. On average, equities analysts forecast that Cigna Corp will post 16.54 earnings per share for the current year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Cigna from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Goldman Sachs Group reissued a “buy” rating on shares of Cigna in a research note on Saturday, February 2nd. Morgan Stanley dropped their price target on shares of Cigna from $304.00 to $299.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 5th. Finally, ValuEngine cut shares of Cigna from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $225.85.

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Cigna Profile

Cigna Corporation, a health service organization, provides insurance and related products and services in the United States and internationally. It operates through Integrated Medical, Health Services, International Markets, and Group Disability and Other segments. The Integrated Medical segment offers medical, pharmacy, dental, behavioral health and vision, health advocacy programs, and other products and services to insured and self-insured clients; Medicare Advantage, Medicare Supplement, and Medicare Part D plans to Medicare-eligible beneficiaries, as well as Medicaid plans; and health insurance coverage to individual customers on and off the public exchanges.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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