Cigna Corporation (CI) Holdings Trimmed by Sentry Investment Management LLC

Sentry Investment Management LLC lowered its stake in shares of Cigna Corporation (NYSE:CI) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,346 shares of the health services provider’s stock after selling 721 shares during the period. Sentry Investment Management LLC’s holdings in Cigna Corporation were worth $3,238,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CI. Spot Trading L.L.C. raised its stake in Cigna Corporation by 108.9% during the first quarter. Spot Trading L.L.C. now owns 1,998 shares of the health services provider’s stock worth $293,000 after purchasing an additional 24,425 shares during the period. Principal Financial Group Inc. raised its stake in Cigna Corporation by 4.6% during the first quarter. Principal Financial Group Inc. now owns 386,751 shares of the health services provider’s stock worth $56,656,000 after purchasing an additional 17,096 shares during the period. Wellington Management Group LLP raised its stake in Cigna Corporation by 9.3% during the first quarter. Wellington Management Group LLP now owns 10,765,751 shares of the health services provider’s stock worth $1,577,075,000 after purchasing an additional 913,991 shares during the period. Stratos Wealth Partners LTD. raised its stake in Cigna Corporation by 11.2% during the first quarter. Stratos Wealth Partners LTD. now owns 1,893 shares of the health services provider’s stock worth $277,000 after purchasing an additional 191 shares during the period. Finally, Advantus Capital Management Inc raised its stake in Cigna Corporation by 0.6% during the first quarter. Advantus Capital Management Inc now owns 25,791 shares of the health services provider’s stock worth $3,778,000 after purchasing an additional 149 shares during the period. 87.95% of the stock is currently owned by institutional investors.

In other Cigna Corporation news, Director William D. Zollars sold 1,232 shares of Cigna Corporation 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Isaiah Harris, Jr. sold 247 shares of Cigna Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total transaction of $45,761.69. The disclosure for this sale can be found here. Insiders sold 70,653 shares of company stock valued at $12,437,684 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

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Shares of Cigna Corporation (CI) traded down 0.728% during trading on Monday, hitting $184.795. 453,546 shares of the stock were exchanged. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $193.00. The stock has a market cap of $46.53 billion, a price-to-earnings ratio of 21.322 and a beta of 0.43. The stock’s 50 day moving average is $185.32 and its 200-day moving average is $170.46.

Cigna Corporation (NYSE:CI) last posted its earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share. Equities research analysts anticipate that Cigna Corporation will post $10.03 EPS for the current year.

A number of research firms have weighed in on CI. Jefferies Group LLC increased their price target on shares of Cigna Corporation from $201.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Cigna Corporation from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a research note on Monday, October 9th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $191.00 price target on shares of Cigna Corporation in a research n

A number of other large investors also recently bought and sold shares of CI. Spot Trading L.L.C. raised its stake in Cigna Corporation by 108.9% during the first quarter. Spot Trading L.L.C. now owns 1,998 shares of the health services provider’s stock worth $293,000 after purchasing an additional 24,425 shares during the period. Principal Financial Group Inc. raised its stake in Cigna Corporation by 4.6% during the first quarter. Principal Financial Group Inc. now owns 386,751 shares of the health services provider’s stock worth $56,656,000 after purchasing an additional 17,096 shares during the period. Wellington Management Group LLP raised its stake in Cigna Corporation by 9.3% during the first quarter. Wellington Management Group LLP now owns 10,765,751 shares of the health services provider’s stock worth $1,577,075,000 after purchasing an additional 913,991 shares during the period. Stratos Wealth Partners LTD. raised its stake in Cigna Corporation by 11.2% during the first quarter. Stratos Wealth Partners LTD. now owns 1,893 shares of the health services provider’s stock worth $277,000 after purchasing an additional 191 shares during the period. Finally, Advantus Capital Management Inc raised its stake in Cigna Corporation by 0.6% during the first quarter. Advantus Capital Management Inc now owns 25,791 shares of the health services provider’s stock worth $3,778,000 after purchasing an additional 149 shares during the period. 87.95% of the stock is currently owned by institutional investors.

In other Cigna Corporation news, Director William D. Zollars sold 1,232 shares of Cigna Corporation 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Isaiah Harris, Jr. sold 247 shares of Cigna Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total transaction of $45,761.69. The disclosure for this sale can be found here. Insiders sold 70,653 shares of company stock valued at $12,437,684 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/16/cigna-corporation-ci-holdings-trimmed-by-sentry-investment-management-llc.html.

Shares of Cigna Corporation (CI) traded down 0.728% during trading on Monday, hitting $184.795. 453,546 shares of the stock were exchanged. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $193.00. The stock has a market cap of $46.53 billion, a price-to-earnings ratio of 21.322 and a beta of 0.43. The stock’s 50 day moving average is $185.32 and its 200-day moving average is $170.46.

Cigna Corporation (NYSE:CI) last posted its earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 earnings per share. Equities research analysts anticipate that Cigna Corporation will post $10.03 EPS for the current year.

A number of research firms have weighed in on CI. Jefferies Group LLC increased their price target on shares of Cigna Corporation from $201.00 to $221.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Cigna Corporation from a “hold” rating to a “buy” rating and set a $214.00 price target on the stock in a research note on Monday, October 9th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $191.00 price target on shares of Cigna Corporation in a research note on Sunday, September 17th. BidaskClub raised shares of Cigna Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Finally, Morgan Stanley increased their price target on shares of Cigna Corporation from $188.00 to $195.00 and gave the stock an “overweight” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $192.33.

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.

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

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