Stone Ridge Asset Management LLC acquired a new position in CIGNA Co. (NYSE:CI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,438 shares of the health services provider’s stock, valued at approximately $3,745,000.
Other hedge funds have also modified their holdings of the company. Cornercap Investment Counsel Inc. raised its position in CIGNA by 16.8% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 20,680 shares of the health services provider’s stock valued at $4,200,000 after purchasing an additional 2,980 shares in the last quarter. Guggenheim Capital LLC raised its position in CIGNA by 3.7% during the fourth quarter. Guggenheim Capital LLC now owns 346,890 shares of the health services provider’s stock valued at $70,451,000 after purchasing an additional 12,410 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in CIGNA by 2.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 159,616 shares of the health services provider’s stock valued at $28,897,000 after purchasing an additional 3,550 shares in the last quarter. Kemnay Advisory Services Inc. raised its position in CIGNA by 43.4% during the fourth quarter. Kemnay Advisory Services Inc. now owns 6,312 shares of the health services provider’s stock valued at $1,282,000 after purchasing an additional 1,910 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in CIGNA by 15.9% during the fourth quarter. Brandywine Global Investment Management LLC now owns 259,875 shares of the health services provider’s stock valued at $52,779,000 after purchasing an additional 35,639 shares in the last quarter. Institutional investors own 88.87% of the company’s stock.
In other news, EVP John M. Murabito sold 6,099 shares of CIGNA stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $220.10, for a total transaction of $1,342,389.90. Following the completion of the transaction, the executive vice president now directly owns 68,026 shares in the company, valued at $14,972,522.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher J. Hocevar sold 2,759 shares of CIGNA stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $191.84, for a total transaction of $529,286.56. Following the transaction, the insider now owns 12,784 shares of the company’s stock, valued at $2,452,482.56. The disclosure for this sale can be found here. Insiders have sold 86,103 shares of company stock valued at $17,217,951 over the last quarter. Company insiders own 1.30% of the company’s stock.
CIGNA Co. (NYSE CI) opened at $173.36 on Monday. CIGNA Co. has a 1-year low of $143.85 and a 1-year high of $227.13. The stock has a market cap of $42,104.88, a P/E ratio of 16.59, a PEG ratio of 1.04 and a beta of 0.51. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.38.
CIGNA (NYSE:CI) last released its earnings results on Thursday, February 1st. The health services provider reported $1.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.07. CIGNA had a net margin of 5.38% and a return on equity of 18.84%. The firm had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.28 billion. During the same period last year, the business earned $1.87 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. sell-side analysts predict that CIGNA Co. will post 12.9 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, March 9th. This represents a $0.16 annualized dividend and a dividend yield of 0.09%. CIGNA’s payout ratio is 0.46%.
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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.
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