National Pension Service Buys 14,020 Shares of Cigna Corp. (CI)
National Pension Service increased its stake in Cigna Corp. (NYSE:CI) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 183,955 shares of the company’s stock after buying an additional 14,020 shares during the period. National Pension Service owned 0.07% of Cigna Corp. worth $23,973,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in shares of Cigna Corp. by 0.7% in the third quarter. Private Trust Co. NA now owns 1,702 shares of the company’s stock worth $221,000 after buying an additional 11 shares in the last quarter. AT Bancorp acquired a new stake in shares of Cigna Corp. during the third quarter worth $1,222,000. Atria Investments LLC raised its stake in shares of Cigna Corp. by 5.8% in the third quarter. Atria Investments LLC now owns 2,116 shares of the company’s stock worth $276,000 after buying an additional 116 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Cigna Corp. by 46.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 57,567 shares of the company’s stock worth $7,502,000 after buying an additional 18,306 shares in the last quarter. Finally, Randolph Co Inc acquired a new stake in shares of Cigna Corp. during the third quarter worth $5,114,000. Institutional investors and hedge funds own 84.62% of the company’s stock.
Cigna Corp. (NYSE:CI) traded down 2.2604% during mid-day trading on Wednesday, hitting $135.1739. The company’s stock had a trading volume of 305,661 shares. 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 is $128.01 and its 200-day moving average is $129.25. The company has a market cap of $34.70 billion, a P/E ratio of 18.3685 and a beta of 0.50.
Cigna Corp. (NYSE:CI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.03. Cigna Corp. had a return on equity of 16.17% and a net margin of 4.87%. The company had revenue of $9.90 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the firm earned $2.28 earnings per share. Cigna Corp.’s revenue was up 5.2% compared to the same quarter last year. Analysts predict that Cigna Corp. will post $7.98 EPS for the current fiscal year.
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A number of equities research analysts have recently weighed in on CI shares. Zacks Investment Research upgraded Cigna Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Jefferies Group reiterated a “buy” rating on shares of Cigna Corp. in a research report 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 report on Monday, September 26th. William Blair reiterated a “buy” rating on shares of Cigna Corp. in a research report 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 report on Thursday, September 8th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $156.00.
In related news, EVP John M. Murabito sold 58,822 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 115,109 shares of the company’s stock, valued at $14,398,984.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Jason D. Sadler sold 4,000 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $121.80, for a total value of $487,200.00. Following the completion of the transaction, the insider now directly owns 34,019 shares in the company, valued at approximately $4,143,514.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
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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