Citizens Financial Group Inc. RI Cuts Holdings in Cigna Corporation (CI)

Citizens Financial Group Inc. RI trimmed its position in shares of Cigna Corporation (NYSE:CI) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,007 shares of the health services provider’s stock after selling 547 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Cigna were worth $2,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CI. Rothschild Asset Management Inc. boosted its position in Cigna by 1.9% during the 2nd quarter. Rothschild Asset Management Inc. now owns 4,289 shares of the health services provider’s stock valued at $718,000 after acquiring an additional 79 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Cigna by 22.8% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,900 shares of the health services provider’s stock worth $1,490,000 after purchasing an additional 1,650 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Cigna by 14.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 2,172 shares of the health services provider’s stock worth $364,000 after purchasing an additional 279 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of Cigna by 11.5% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 17,658 shares of the health services provider’s stock worth $2,956,000 after purchasing an additional 1,819 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Cigna by 5.3% in the 2nd quarter. IFP Advisors Inc now owns 2,296 shares of the health services provider’s stock worth $384,000 after purchasing an additional 116 shares in the last quarter. 87.85% of the stock is currently owned by institutional investors and hedge funds.

CI has been the topic of a number of analyst reports. BidaskClub raised Cigna from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 18th. Jefferies Group boosted their price target on Cigna from $221.00 to $231.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research cut Cigna from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Morgan Stanley boosted their price target on Cigna from $188.00 to $195.00 and gave the stock an “overweight” rating in a research report on Thursday, August 17th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $191.00 price target on shares of Cigna in a research report on Sunday, September 17th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $201.50.

Cigna Corporation (CI) opened at $203.06 on Wednesday. The stock has a market capitalization of $50,323.26, a P/E ratio of 19.66, a P/E/G ratio of 1.56 and a beta of 0.50. Cigna Corporation has a 12-month low of $131.03 and a 12-month high of $212.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.39 and a quick ratio of 0.39.

Cigna (NYSE:CI) last released its quarterly earnings data on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.47. The business had revenue of $10.38 billion for the quarter, compared to analysts’ expectations of $10.17 billion. Cigna had a return on equity of 18.85% and a net margin of 5.74%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. equities analysts anticipate that Cigna Corporation will post 10.34 earnings per share for the current fiscal year.

In other Cigna news, Chairman Isaiah Harris, Jr. sold 247 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $185.27, for a total transaction of $45,761.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael W. Triplett sold 10,417 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $197.77, for a total transaction of $2,060,170.09. Following the sale, the insider now owns 32,347 shares of the company’s stock, valued at $6,397,266.19. The disclosure for this sale can be found here. Insiders sold a total of 36,203 shares of company stock worth $7,211,251 over the last ninety days. 1.30% of the stock is currently owned by insiders.

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Cigna 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.

Institutional Ownership by Quarter for Cigna (NYSE:CI)

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