DekaBank Deutsche Girozentrale lowered its position in shares of Cigna Corporation (NYSE:CI) by 20.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,785 shares of the health services provider’s stock after selling 36,180 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Cigna Corporation were worth $23,622,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CI. BlackRock Inc. increased its position in shares of Cigna Corporation by 2,335.5% in the first quarter. BlackRock Inc. now owns 16,987,425 shares of the health services provider’s stock worth $2,488,489,000 after buying an additional 16,289,943 shares during the last quarter. Waddell & Reed Financial Inc. increased its position in shares of Cigna Corporation by 125.8% in the first quarter. Waddell & Reed Financial Inc. now owns 1,749,647 shares of the health services provider’s stock worth $256,306,000 after buying an additional 974,747 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Cigna Corporation by 9.3% in the first quarter. Wellington Management Group LLP now owns 10,765,751 shares of the health services provider’s stock worth $1,577,075,000 after buying an additional 913,991 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Cigna Corporation by 7,868.4% in the first quarter. Thrivent Financial For Lutherans now owns 708,390 shares of the health services provider’s stock worth $103,772,000 after buying an additional 699,500 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Cigna Corporation by 221.8% in the first quarter. AQR Capital Management LLC now owns 926,328 shares of the health services provider’s stock worth $135,698,000 after buying an additional 638,426 shares during the last quarter. Institutional investors own 86.91% of the company’s stock.

Cigna Corporation (NYSE CI) opened at 174.38 on Friday. Cigna Corporation has a 52 week low of $115.03 and a 52 week high of $178.57. The company has a 50-day moving average of $172.22 and a 200-day moving average of $159.17. The company has a market cap of $43.91 billion, a PE ratio of 20.12 and a beta of 0.46.

Cigna Corporation (NYSE:CI) last announced its quarterly earnings results on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, beating the consensus estimate of $2.48 by $0.43. Cigna Corporation had a return on equity of 17.40% and a net margin of 7.46%. The firm had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.26 billion. During the same quarter last year, the firm posted $1.98 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts expect that Cigna Corporation will post $10.02 EPS for the current year.

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A number of brokerages have issued reports on CI. UBS AG reissued a “buy” rating and set a $186.00 price objective (up from $181.00) on shares of Cigna Corporation in a research report on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating and set a $183.00 price objective on shares of Cigna Corporation in a research report on Thursday, June 8th. Deutsche Bank AG boosted their price objective on shares of Cigna Corporation from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada boosted their price objective on shares of Cigna Corporation from $172.00 to $177.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Finally, Bank of America Corporation boosted their price objective on shares of Cigna Corporation from $193.00 to $198.00 and gave the company a “buy” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Cigna Corporation has a consensus rating of “Buy” and a consensus price target of $180.06.

In other Cigna Corporation news, EVP Nicole S. Jones sold 20,312 shares of Cigna Corporation stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $160.04, for a total value of $3,250,732.48. Following the transaction, the executive vice president now owns 44,737 shares in the company, valued at $7,159,709.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mary T. Hoeltzel sold 525 shares of Cigna Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $177.59, for a total value of $93,234.75. Following the completion of the transaction, the vice president now owns 1,924 shares in the company, valued at approximately $341,683.16. The disclosure for this sale can be found here. Insiders sold 261,539 shares of company stock worth $44,527,348 in the last quarter. 1.30% of the stock is owned by insiders.

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

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