New York State Common Retirement Fund lessened its stake in shares of Cigna Corporation (NYSE:CI) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 654,300 shares of the health services provider’s stock after selling 3,001 shares during the quarter. New York State Common Retirement Fund owned approximately 0.26% of Cigna Corporation worth $109,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its position in Cigna Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock worth $145,000 after purchasing an additional 7 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in Cigna Corporation by 1.1% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,112 shares of the health services provider’s stock valued at $309,000 after buying an additional 22 shares during the period. Wetherby Asset Management Inc. grew its holdings in Cigna Corporation by 0.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 4,192 shares of the health services provider’s stock valued at $702,000 after buying an additional 33 shares during the period. Cadence Capital Management LLC grew its holdings in Cigna Corporation by 0.3% in the 2nd quarter. Cadence Capital Management LLC now owns 9,598 shares of the health services provider’s stock valued at $1,607,000 after buying an additional 33 shares during the period. Finally, Winslow Evans & Crocker Inc. grew its holdings in Cigna Corporation by 1.9% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,814 shares of the health services provider’s stock valued at $304,000 after buying an additional 34 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Shares of Cigna Corporation (CI) traded up 0.10% during mid-day trading on Monday, hitting $186.23. The stock had a trading volume of 264,061 shares. The company has a 50-day moving average of $179.52 and a 200 day moving average of $165.10. The firm has a market cap of $46.89 billion, a price-to-earnings ratio of 21.49 and a beta of 0.43. Cigna Corporation has a one year low of $115.03 and a one year high of $188.36.

Cigna Corporation (NYSE:CI) last issued its quarterly earnings data on Friday, August 4th. The health services provider reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.43. The business had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.26 billion. Cigna Corporation had a return on equity of 17.40% and a net margin of 5.55%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 EPS. On average, equities research analysts forecast that Cigna Corporation will post $10.02 earnings per share for the current year.

In other Cigna Corporation news, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total value of $45,761.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William D. Zollars sold 1,232 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $187.23, for a total value of $230,667.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,653 shares of company stock worth $12,437,684. 1.30% of the stock is currently owned by insiders.

Several analysts have commented on the company. Piper Jaffray Companies restated a “buy” rating and issued a $191.00 price target on shares of Cigna Corporation in a report on Sunday. Morgan Stanley lifted their price target on Cigna Corporation from $188.00 to $195.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. BidaskClub upgraded Cigna Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, August 18th. Jefferies Group LLC restated a “buy” rating and issued a $190.00 price target (down previously from $199.00) on shares of Cigna Corporation in a report on Friday, August 4th. Finally, Zacks Investment Research cut Cigna Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $182.59.

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

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