Cigna Corporation (NYSE:CI) 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 value of $44,382.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Cigna Corporation (NYSE CI) traded down $0.56 during midday trading on Wednesday, hitting $207.92. The stock had a trading volume of 1,038,705 shares, compared to its average volume of 1,348,088. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market cap of $51,568.34, a P/E ratio of 20.15, a PEG ratio of 1.60 and a beta of 0.50. Cigna Corporation has a 12-month low of $131.26 and a 12-month high of $212.46.

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

Several large investors have recently bought and sold shares of CI. Saratoga Research & Investment Management bought a new stake in Cigna during the 3rd quarter valued at $112,000. Riverhead Capital Management LLC raised its holdings in Cigna by 159.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,511 shares of the health services provider’s stock valued at $923,000 after acquiring an additional 3,386 shares during the period. Pacer Advisors Inc. raised its holdings in Cigna by 3.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,581 shares of the health services provider’s stock valued at $934,000 after acquiring an additional 165 shares during the period. Norinchukin Bank The raised its holdings in Cigna by 6.4% during the 2nd quarter. Norinchukin Bank The now owns 17,766 shares of the health services provider’s stock valued at $2,974,000 after acquiring an additional 1,062 shares during the period. Finally, Seven Eight Capital LP raised its holdings in Cigna by 504.4% during the 2nd quarter. Seven Eight Capital LP now owns 27,200 shares of the health services provider’s stock valued at $4,553,000 after acquiring an additional 22,700 shares during the period. 87.85% of the stock is currently owned by institutional investors.

Several analysts have recently commented on the company. BidaskClub upgraded Cigna from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Morgan Stanley raised their target price on Cigna from $188.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, August 17th. BMO Capital Markets assumed coverage on Cigna in a research note on Monday, October 16th. They issued a “market perform” rating and a $210.00 target price for the company. Citigroup raised their target price on Cigna from $198.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Jefferies Group raised their target price on Cigna from $201.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $201.50.

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About Cigna

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.

Insider Buying and Selling by Quarter for Cigna (NYSE:CI)

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