Iguana Healthcare Management LLC boosted its holdings in Cigna Corporation (NYSE:CI) by 51.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,500 shares of the health services provider’s stock after buying an additional 9,000 shares during the quarter. Cigna makes up about 2.7% of Iguana Healthcare Management LLC’s holdings, making the stock its 8th largest position. Iguana Healthcare Management LLC’s holdings in Cigna were worth $4,954,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CI. First Trust Advisors LP increased its holdings in Cigna by 1.1% in the second quarter. First Trust Advisors LP now owns 117,015 shares of the health services provider’s stock valued at $19,587,000 after buying an additional 1,261 shares during the last quarter. LMR Partners LLP purchased a new position in Cigna in the second quarter valued at $1,479,000. Alps Advisors Inc. increased its holdings in Cigna by 21.2% in the second quarter. Alps Advisors Inc. now owns 5,465 shares of the health services provider’s stock valued at $915,000 after buying an additional 955 shares during the last quarter. Legal & General Group Plc increased its holdings in Cigna by 6.8% in the second quarter. Legal & General Group Plc now owns 1,414,896 shares of the health services provider’s stock valued at $236,835,000 after buying an additional 90,299 shares during the last quarter. Finally, KBC Group NV increased its holdings in Cigna by 20.9% in the second quarter. KBC Group NV now owns 95,962 shares of the health services provider’s stock valued at $16,063,000 after buying an additional 16,573 shares during the last quarter. 87.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cigna Corporation (NYSE:CI) opened at $207.92 on Thursday. Cigna Corporation has a 12 month low of $131.26 and a 12 month high of $212.46. The firm has a market cap of $51,400.68, a PE ratio of 20.08, a PEG ratio of 1.59 and a beta of 0.50. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.37.
Cigna (NYSE:CI) last announced its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.47. Cigna had a net margin of 5.74% and a return on equity of 18.85%. The business had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. research analysts expect that Cigna Corporation will post 10.34 EPS for the current fiscal year.
Several brokerages have issued reports on CI. Citigroup raised their price objective on Cigna from $198.00 to $231.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Morgan Stanley raised their price objective on Cigna from $195.00 to $223.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Jefferies Group raised their price objective on Cigna from $221.00 to $231.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $220.00 price objective (up previously from $185.00) on shares of Cigna in a report on Friday, November 3rd. Finally, Zacks Investment Research lowered Cigna from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $201.50.
In related news, CAO Mary T. Hoeltzel sold 575 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $197.03, for a total value of $113,292.25. Following the completion of the sale, the chief accounting officer now owns 2,499 shares in the company, valued at $492,377.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Insiders have sold 34,936 shares of company stock valued at $6,979,204 in the last quarter. Insiders own 1.30% of the company’s stock.
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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