First Interstate Bank bought a new stake in Cigna Corp (NYSE:CI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,480 shares of the health services provider’s stock, valued at approximately $238,000.
A number of other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its stake in shares of Cigna by 42,687.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,752,725 shares of the health services provider’s stock valued at $167,000 after buying an additional 31,678,514 shares in the last quarter. BlackRock Inc. grew its stake in Cigna by 59.4% during the 4th quarter. BlackRock Inc. now owns 26,892,201 shares of the health services provider’s stock valued at $5,107,369,000 after purchasing an additional 10,021,719 shares in the last quarter. Vanguard Group Inc grew its stake in Cigna by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 17,800,567 shares of the health services provider’s stock valued at $3,706,967,000 after purchasing an additional 260,042 shares in the last quarter. FMR LLC grew its stake in Cigna by 12.1% during the 4th quarter. FMR LLC now owns 10,057,798 shares of the health services provider’s stock valued at $1,910,176,000 after purchasing an additional 1,087,358 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Cigna by 26.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 6,891,910 shares of the health services provider’s stock valued at $1,308,914,000 after purchasing an additional 1,445,822 shares in the last quarter. 88.26% of the stock is currently owned by institutional investors.
Shares of CI traded up $1.92 during mid-day trading on Wednesday, hitting $148.41. The stock had a trading volume of 1,718,773 shares, compared to its average volume of 2,586,077. The firm has a market cap of $56.72 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 0.74 and a beta of 0.69. Cigna Corp has a fifty-two week low of $141.95 and a fifty-two week high of $226.60. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.89.
Cigna (NYSE:CI) last announced its quarterly earnings results on Thursday, May 2nd. The health services provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.16. The business had revenue of $33.43 billion for the quarter, compared to the consensus estimate of $32.79 billion. Cigna had a return on equity of 14.23% and a net margin of 4.11%. The business’s revenue was up 192.9% on a year-over-year basis. During the same quarter last year, the business posted $4.11 EPS. On average, sell-side analysts predict that Cigna Corp will post 16.54 earnings per share for the current fiscal year.
A number of equities research analysts have weighed in on the company. ValuEngine lowered Cigna from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 18th. Barclays lowered their price objective on Cigna from $220.00 to $207.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Zacks Investment Research lowered Cigna from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $245.00 target price on shares of Cigna in a research report on Sunday, April 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $225.85.
In related news, insider Brian C. Evanko purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were acquired at an average price of $163.40 per share, with a total value of $326,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William D. Zollars sold 272 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $168.43, for a total value of $45,812.96. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
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Cigna Corporation, a health service organization, provides insurance and related products and services in the United States and internationally. It operates through Integrated Medical, Health Services, International Markets, and Group Disability and Other segments. The Integrated Medical segment offers medical, pharmacy, dental, behavioral health and vision, health advocacy programs, and other products and services to insured and self-insured clients; Medicare Advantage, Medicare Supplement, and Medicare Part D plans to Medicare-eligible beneficiaries, as well as Medicaid plans; and health insurance coverage to individual customers on and off the public exchanges.
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