Cigna Corp. (NYSE:CI) EVP John M. Murabito sold 58,822 shares of Cigna Corp. stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $125.09, for a total value of $7,358,043.98. Following the completion of the transaction, the executive vice president now owns 115,109 shares in the company, valued at $14,398,984.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cigna Corp. (NYSE:CI) opened at 135.80 on Thursday. The firm has a market cap of $34.87 billion, a P/E ratio of 18.45 and a beta of 0.50. Cigna Corp. has a 12-month low of $115.03 and a 12-month high of $148.99. The firm’s 50-day moving average price is $125.48 and its 200 day moving average price is $129.18.

Cigna Corp. (NYSE:CI) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.91 by $0.03. The firm had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Cigna Corp. had a net margin of 4.87% and a return on equity of 16.17%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. Analysts forecast that Cigna Corp. will post $7.98 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CI. Cohen & Steers Inc. boosted its position in shares of Cigna Corp. by 5,076.6% in the second quarter. Cohen & Steers Inc. now owns 4,557,918 shares of the company’s stock valued at $403,011,000 after buying an additional 4,469,870 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Cigna Corp. by 184.4% in the third quarter. Nordea Investment Management AB now owns 3,292,089 shares of the company’s stock valued at $429,025,000 after buying an additional 2,134,355 shares in the last quarter. Dodge & Cox boosted its position in shares of Cigna Corp. by 12.8% in the second quarter. Dodge & Cox now owns 15,282,616 shares of the company’s stock valued at $1,956,022,000 after buying an additional 1,728,391 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Cigna Corp. during the second quarter valued at approximately $162,107,000. Finally, Alliancebernstein L.P. boosted its position in shares of Cigna Corp. by 90.9% in the second quarter. Alliancebernstein L.P. now owns 2,177,144 shares of the company’s stock valued at $278,653,000 after buying an additional 1,036,848 shares in the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.

CI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Jefferies Group reiterated a “buy” rating on shares of Cigna Corp. in a research note on Tuesday, August 23rd. Leerink Swann reiterated a “buy” rating and issued a $155.00 price objective on shares of Cigna Corp. in a research note on Monday, September 26th. William Blair reiterated a “buy” rating on shares of Cigna Corp. in a research note on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $160.00 price objective on shares of Cigna Corp. in a research note on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $156.00.

About Cigna Corp.

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, Other Operations and Corporate.

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