NN Investment Partners Holdings N.V. raised its position in Cigna Corporation (NYSE:CI) by 117.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,955 shares of the health services provider’s stock after buying an additional 30,795 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Cigna Corporation were worth $9,534,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake 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 valued at $2,488,489,000 after buying an additional 16,289,943 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cigna Corporation by 3.5% in the first quarter. Vanguard Group Inc. now owns 16,706,266 shares of the health services provider’s stock valued at $2,447,301,000 after buying an additional 570,241 shares in the last quarter. Dodge & Cox purchased a new stake in shares of Cigna Corporation during the fourth quarter valued at $1,929,534,000. State Street Corp raised its stake in shares of Cigna Corporation by 1.7% in the first quarter. State Street Corp now owns 11,137,018 shares of the health services provider’s stock valued at $1,631,451,000 after buying an additional 190,323 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake 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 valued at $1,577,075,000 after buying an additional 913,991 shares in the last quarter. 86.87% of the stock is currently owned by institutional investors and hedge funds.

Cigna Corporation (CI) opened at 173.80 on Monday. Cigna Corporation has a 12 month low of $115.03 and a 12 month high of $174.27. The stock’s 50 day moving average price is $164.95 and its 200 day moving average price is $152.14. The firm has a market capitalization of $44.50 billion, a P/E ratio of 23.20 and a beta of 0.46.

Cigna Corporation (NYSE:CI) last announced its quarterly earnings results on Friday, May 5th. The health services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.33. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $10.11 billion. Cigna Corporation had a net margin of 6.53% and a return on equity of 16.07%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $2.46 earnings per share. On average, analysts forecast that Cigna Corporation will post $9.78 earnings per share for the current year.

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Several analysts recently weighed in on the company. UBS AG reissued a “buy” rating and issued a $186.00 price objective (up from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. Jefferies Group LLC reissued a “buy” rating and issued a $183.00 price objective on shares of Cigna Corporation in a report on Thursday, June 8th. Deutsche Bank AG boosted their price objective on Cigna Corporation from $175.00 to $180.00 and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group reissued an “outperform” rating and issued a $193.00 price objective (up from $190.00) on shares of Cigna Corporation in a report on Friday. Finally, Royal Bank Of Canada boosted their price objective on Cigna Corporation from $172.00 to $177.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $176.33.

In related news, CEO David Cordani sold 153,168 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 421,162 shares in the company, valued at $71,681,772.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jane E. Md Henney sold 600 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $156.92, for a total transaction of $94,152.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,201 shares of company stock worth $32,862,614. Insiders own 1.30% of the company’s stock.

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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