Guggenheim Capital LLC boosted its stake in shares of CIGNA Co. (NYSE:CI) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 346,890 shares of the health services provider’s stock after acquiring an additional 12,410 shares during the period. Guggenheim Capital LLC owned 0.14% of CIGNA worth $70,451,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CI. Nationwide Fund Advisors increased its stake in CIGNA by 25.2% during the 3rd quarter. Nationwide Fund Advisors now owns 90,490 shares of the health services provider’s stock worth $16,916,000 after acquiring an additional 18,206 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of CIGNA by 5.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,478 shares of the health services provider’s stock valued at $4,015,000 after purchasing an additional 1,169 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of CIGNA by 25.3% in the 3rd quarter. Victory Capital Management Inc. now owns 17,106 shares of the health services provider’s stock valued at $3,198,000 after purchasing an additional 3,453 shares during the last quarter. Chicago Equity Partners LLC increased its stake in shares of CIGNA by 51.3% in the 3rd quarter. Chicago Equity Partners LLC now owns 2,390 shares of the health services provider’s stock valued at $447,000 after purchasing an additional 810 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of CIGNA by 29.3% in the 3rd quarter. Principal Financial Group Inc. now owns 529,935 shares of the health services provider’s stock valued at $99,066,000 after purchasing an additional 120,056 shares during the last quarter. Hedge funds and other institutional investors own 88.87% of the company’s stock.
In related news, Director William D. Zollars sold 212 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $205.68, for a total value of $43,604.16. Following the completion of the sale, the director now directly owns 13,500 shares of the company’s stock, valued at approximately $2,776,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Cordani sold 36,769 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $191.68, for a total value of $7,047,881.92. Following the completion of the sale, the chief executive officer now directly owns 372,076 shares of the company’s stock, valued at $71,319,527.68. The disclosure for this sale can be found here. Insiders sold a total of 86,103 shares of company stock worth $17,217,951 over the last three months. 1.30% of the stock is owned by company insiders.
CIGNA Co. (NYSE CI) opened at $173.36 on Monday. The stock has a market capitalization of $42,104.88, a PE ratio of 16.59, a PEG ratio of 1.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.37 and a quick ratio of 0.37. CIGNA Co. has a 52 week low of $143.85 and a 52 week high of $227.13.
CIGNA (NYSE:CI) last announced its quarterly earnings data on Thursday, February 1st. The health services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.07. The company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.28 billion. CIGNA had a return on equity of 18.84% and a net margin of 5.38%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.87 EPS. sell-side analysts predict that CIGNA Co. will post 12.9 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 12th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.09%. The ex-dividend date of this dividend is Friday, March 9th. CIGNA’s dividend payout ratio is 0.46%.
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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