Sii Investments Inc. WI Sells 408 Shares of Cigna Corporation (CI)
Sii Investments Inc. WI lowered its holdings in shares of Cigna Corporation (NYSE:CI) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,194 shares of the health services provider’s stock after selling 408 shares during the period. Sii Investments Inc. WI’s holdings in Cigna Corporation were worth $709,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. American Beacon Advisors Inc. acquired a new stake in shares of Cigna Corporation in the 1st quarter valued at $102,000. Capstone Investment Advisors Netherlands B.V. acquired a new stake in shares of Cigna Corporation in the 2nd quarter valued at $106,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Cigna Corporation in the 1st quarter valued at $122,000. Parallel Advisors LLC boosted its stake in shares of Cigna Corporation by 62.3% in the 2nd quarter. Parallel Advisors LLC now owns 800 shares of the health services provider’s stock valued at $139,000 after purchasing an additional 307 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Cigna Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock valued at $145,000 after purchasing an additional 7 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.
Cigna Corporation (NYSE CI) traded down 0.21% on Thursday, hitting $190.34. The company had a trading volume of 144,768 shares. The firm has a market capitalization of $47.92 billion, a PE ratio of 21.96 and a beta of 0.43. Cigna Corporation has a 12-month low of $115.03 and a 12-month high of $193.00. The firm has a 50-day moving average price of $183.23 and a 200-day moving average price of $168.29.
Cigna Corporation (NYSE:CI) last released its earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.43. The company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.26 billion. Cigna Corporation had a return on equity of 17.40% and a net margin of 5.55%. Cigna Corporation’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.98 EPS. On average, equities research analysts anticipate that Cigna Corporation will post $10.03 earnings per share for the current fiscal year.
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In related news, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total value of $45,761.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason D. Sadler sold 37,756 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $176.16, for a total value of $6,651,096.96. Following the completion of the sale, the insider now directly owns 47,844 shares in the company, valued at $8,428,199.04. The disclosure for this sale can be found here. Insiders sold 70,653 shares of company stock worth $12,437,684 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Several equities research analysts have recently commented on CI shares. Deutsche Bank AG boosted their target price on shares of Cigna Corporation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, August 7th. Morgan Stanley boosted their target price on shares of Cigna Corporation from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. BidaskClub upgraded shares of Cigna Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. CIBC boosted their target price on shares of Cigna Corporation from $174.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $174.00 target price (up previously from $163.00) on shares of Cigna Corporation in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $188.57.
Cigna Corporation 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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