Daiwa Securities Group Inc. lowered its holdings in Cigna Corporation (NYSE:CI) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,143 shares of the health services provider’s stock after selling 757 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cigna Corporation were worth $1,522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Wetherby Asset Management Inc. boosted its stake in Cigna Corporation by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 4,192 shares of the health services provider’s stock worth $702,000 after purchasing an additional 33 shares in the last quarter. Cadence Capital Management LLC raised its position in shares of Cigna Corporation by 0.3% during the second quarter. Cadence Capital Management LLC now owns 9,598 shares of the health services provider’s stock worth $1,607,000 after acquiring an additional 33 shares during the last quarter. Winslow Evans & Crocker Inc. raised its position in shares of Cigna Corporation by 1.9% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,814 shares of the health services provider’s stock worth $304,000 after acquiring an additional 34 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Cigna Corporation by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,760 shares of the health services provider’s stock worth $295,000 after acquiring an additional 40 shares during the last quarter. Finally, Veritable L.P. raised its position in shares of Cigna Corporation by 0.5% during the second quarter. Veritable L.P. now owns 8,220 shares of the health services provider’s stock worth $1,376,000 after acquiring an additional 41 shares during the last quarter. 88.16% of the stock is currently owned by institutional investors.

In other Cigna Corporation news, Director William D. Zollars sold 1,232 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $187.23, for a total value of $230,667.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Isaiah Harris, Jr. sold 247 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total value of $45,761.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,715 shares of company stock valued at $678,797. Insiders own 1.30% of the company’s stock.

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Cigna Corporation (CI) opened at $197.98 on Friday. Cigna Corporation has a 52 week low of $131.03 and a 52 week high of $206.45. 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 $48,811.97, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.51 and a beta of 0.49.

Cigna Corporation (NYSE:CI) last posted its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.47. Cigna Corporation had a return on equity of 18.85% and a net margin of 5.74%. The firm had revenue of $10.38 billion during the quarter, compared to analysts’ expectations of $10.17 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. equities research analysts predict that Cigna Corporation will post 10.34 EPS for the current year.

A number of equities research analysts have recently weighed in on CI shares. Piper Jaffray Companies restated a “buy” rating and set a $191.00 target price on shares of Cigna Corporation in a research report on Sunday, September 17th. Zacks Investment Research upgraded Cigna Corporation from a “hold” rating to a “buy” rating and set a $214.00 target price for the company in a research report on Monday, October 9th. ValuEngine downgraded Cigna Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Jefferies Group LLC boosted their target price on Cigna Corporation from $201.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Credit Suisse Group restated a “buy” rating and set a $196.00 target price on shares of Cigna Corporation in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $201.50.

About Cigna Corporation

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.

Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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