Cigna Corporation (CI) Chairman Isaiah Harris, Jr. Sells 247 Shares
Cigna Corporation (NYSE:CI) Chairman Isaiah Harris, Jr. sold 247 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total transaction of $45,761.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Cigna Corporation (CI) traded down 1.29% during midday trading on Thursday, hitting $185.20. 1,394,542 shares of the stock were exchanged. The firm has a 50-day moving average of $179.12 and a 200-day moving average of $164.84. The company has a market capitalization of $46.63 billion, a P/E ratio of 21.37 and a beta of 0.43. Cigna Corporation has a 1-year low of $115.03 and a 1-year high of $188.36.
Cigna Corporation (NYSE:CI) last released its quarterly earnings data on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion for 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 for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 earnings per share. On average, equities analysts expect that Cigna Corporation will post $10.02 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors Netherlands B.V. bought a new stake in Cigna Corporation in the second quarter worth $106,000. American Beacon Advisors Inc. bought a new stake in Cigna Corporation in the first quarter worth $102,000. Founders Capital Management bought a new stake in Cigna Corporation in the first quarter worth $117,000. Parallel Advisors LLC increased its position in Cigna Corporation by 62.3% in the second quarter. Parallel Advisors LLC now owns 800 shares of the health services provider’s stock worth $139,000 after purchasing an additional 307 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Cigna Corporation in the first quarter worth $122,000. Institutional investors own 87.96% of the company’s stock.
A number of analysts recently weighed in on CI shares. ValuEngine lowered shares of Cigna Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Credit Suisse Group started coverage on shares of Cigna Corporation in a report on Monday, June 12th. They set an “outperform” rating and a $185.00 target price on the stock. CIBC upped their target price on shares of Cigna Corporation from $174.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, June 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $177.00 target price on shares of Cigna Corporation in a report on Tuesday, June 13th. Finally, Bank of America Corporation upped their target price on shares of Cigna Corporation from $193.00 to $198.00 and gave the stock a “buy” rating in a report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Cigna Corporation currently has a consensus rating of “Buy” and an average target price of $181.65.
Cigna Corporation 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.
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