Cigna Corporation (CI) Shares Sold by Global X Management Co. LLC
Global X Management Co. LLC lowered its position in shares of Cigna Corporation (NYSE:CI) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,035 shares of the health services provider’s stock after selling 88 shares during the period. Global X Management Co. LLC’s holdings in Cigna Corporation were worth $1,512,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. American Beacon Advisors Inc. bought a new stake in shares of Cigna Corporation during the first quarter worth $102,000. Baystate Wealth Management LLC raised its stake in shares of Cigna Corporation by 436.1% in the first quarter. Baystate Wealth Management LLC now owns 772 shares of the health services provider’s stock worth $116,000 after buying an additional 628 shares during the last quarter. Founders Capital Management bought a new stake in shares of Cigna Corporation during the first quarter worth $117,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Cigna Corporation during the first quarter worth $122,000. Finally, Guardian Life Insurance Co. of America raised its stake in shares of Cigna Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock worth $145,000 after buying an additional 7 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. The stock has a 50 day moving average of $172.22 and a 200-day moving average of $159.17. Cigna Corporation has a 12 month low of $115.03 and a 12 month high of $178.57. The stock has a market cap of $43.91 billion, a P/E ratio of 20.12 and a beta of 0.46.
Cigna Corporation (NYSE:CI) last issued its earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 7.46% and a return on equity of 17.40%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share. On average, equities analysts forecast that Cigna Corporation will post $10.02 EPS for the current fiscal year.
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Several equities research analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $186.00 price target (up previously from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. ValuEngine upgraded shares of Cigna Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC boosted their price target on shares of Cigna Corporation from $178.00 to $183.00 and gave the company a “buy” rating in a report on Monday, May 15th. Deutsche Bank AG boosted their price target on shares of Cigna Corporation from $172.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, May 10th. Finally, Stifel Nicolaus boosted their price target on shares of Cigna Corporation from $170.00 to $175.00 and gave the company a “buy” rating in a report on Monday, May 15th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Cigna Corporation presently has a consensus rating of “Buy” and an average target price of $180.06.
In other Cigna Corporation news, EVP Nicole S. Jones sold 20,312 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were 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 directly owns 44,737 shares in the company, valued at $7,159,709.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Cordani sold 153,168 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $170.20, for a total transaction of $26,069,193.60. Following the completion of the transaction, the chief executive officer now owns 421,162 shares in the company, valued at $71,681,772.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 261,539 shares of company stock worth $44,527,348. 1.30% of the stock is owned by corporate insiders.
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.
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