Teachers Retirement System of The State of Kentucky lowered its stake in Cigna Corporation (NYSE:CI) by 8.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,182 shares of the health services provider’s stock after selling 8,746 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Cigna Corporation were worth $16,769,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Cigna Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock worth $2,867,514,000 after purchasing an additional 424,469 shares during the last quarter. BlackRock Inc. boosted its holdings in Cigna Corporation by 2,335.5% in the first quarter. BlackRock Inc. now owns 16,987,425 shares of the health services provider’s stock worth $2,488,489,000 after purchasing an additional 16,289,943 shares during the last quarter. State Street Corp boosted its holdings in Cigna Corporation by 1.7% in the first quarter. State Street Corp now owns 11,137,018 shares of the health services provider’s stock worth $1,631,451,000 after purchasing an additional 190,323 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Cigna Corporation by 9.3% in the first quarter. Wellington Management Group LLP now owns 10,765,751 shares of the health services provider’s stock worth $1,577,075,000 after purchasing an additional 913,991 shares during the last quarter. Finally, FMR LLC boosted its holdings in Cigna Corporation by 6.7% in the second quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock worth $1,156,604,000 after purchasing an additional 432,978 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

In other Cigna Corporation news, VP Mary T. Hoeltzel sold 525 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $177.59, for a total transaction of $93,234.75. Following the completion of the transaction, the vice president now directly owns 1,924 shares in the company, valued at $341,683.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Matthew G. Manders sold 24,357 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $175.01, for a total transaction of $4,262,718.57. Following the transaction, the insider now owns 46,256 shares of the company’s stock, valued at $8,095,262.56. The disclosure for this sale can be found here. Insiders have sold 70,653 shares of company stock valued at $12,437,684 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Cigna Corporation (NYSE:CI) last posted its quarterly earnings data on Friday, August 4th. The health services provider reported $2.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.48 by $0.43. The company had revenue of $10.32 billion during the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share.

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Several equities research analysts recently issued reports on CI shares. Cowen and Company restated an “outperform” rating and issued a $185.00 target price (up previously from $160.00) on shares of Cigna Corporation in a report on Thursday, June 1st. ValuEngine upgraded shares of Cigna Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. UBS AG restated a “buy” rating and issued a $186.00 target price (up previously from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. Morgan Stanley started coverage on shares of Cigna Corporation in a report on Tuesday, June 6th. They issued an “overweight” rating and a $184.00 target price on the stock. Finally, Jefferies Group LLC restated a “buy” rating and issued a $183.00 target price on shares of Cigna Corporation in a report on Thursday, June 8th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $185.63.

About Cigna Corporation

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.

Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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