Stifel Financial Corp Has $3.66 Million Holdings in Cigna Corporation (CI)
Stifel Financial Corp lessened its position in shares of Cigna Corporation (NYSE:CI) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,544 shares of the health services provider’s stock after selling 1,739 shares during the period. Stifel Financial Corp’s holdings in Cigna were worth $3,655,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Cigna by 40.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,088,728 shares of the health services provider’s stock valued at $684,413,000 after buying an additional 1,184,632 shares in the last quarter. Investec Asset Management LTD boosted its holdings in shares of Cigna by 35.4% in the 3rd quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock valued at $345,764,000 after buying an additional 483,904 shares in the last quarter. FMR LLC boosted its holdings in shares of Cigna by 6.7% in the 2nd quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock valued at $1,156,604,000 after buying an additional 432,978 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cigna by 4,082.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 438,231 shares of the health services provider’s stock valued at $73,355,000 after buying an additional 427,754 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Cigna by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock valued at $2,867,514,000 after buying an additional 424,469 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
In other Cigna news, Chairman Isaiah Harris, Jr. sold 212 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $209.35, for a total transaction of $44,382.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alan Muney sold 15,345 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $200.80, for a total transaction of $3,081,276.00. Following the sale, the executive vice president now directly owns 28,457 shares in the company, valued at $5,714,165.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,936 shares of company stock worth $6,979,204. 1.30% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on CI shares. Royal Bank of Canada restated an “outperform” rating and issued a $220.00 target price (up previously from $185.00) on shares of Cigna in a report on Friday, November 3rd. Jefferies Group upped their target price on shares of Cigna from $221.00 to $231.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Cigna from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $191.00 price target on shares of Cigna in a research report on Sunday, September 17th. Finally, Credit Suisse Group initiated coverage on shares of Cigna in a research report on Thursday, November 2nd. They issued an “outperform” rating and a $219.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $201.50.
Cigna Corporation (NYSE CI) opened at $204.14 on Monday. 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 cap of $50,330.72, a PE ratio of 19.67, a PEG ratio of 1.56 and a beta of 0.50. Cigna Corporation has a twelve month low of $133.11 and a twelve month high of $212.46.
Cigna (NYSE:CI) last announced its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.47. The business had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.17 billion. Cigna had a net margin of 5.74% and a return on equity of 18.85%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS. analysts forecast that Cigna Corporation will post 10.34 earnings per share for the current fiscal year.
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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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