Louisiana State Employees Retirement System trimmed its stake in shares of CIGNA Co. (NYSE:CI) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,900 shares of the health services provider’s stock after selling 800 shares during the period. Louisiana State Employees Retirement System’s holdings in CIGNA were worth $3,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CI. Investec Asset Management LTD grew its holdings in CIGNA by 35.4% during the third quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock worth $345,764,000 after acquiring an additional 483,904 shares during the period. FMR LLC grew its holdings in CIGNA by 6.7% during the second quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock worth $1,156,604,000 after acquiring an additional 432,978 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in CIGNA by 4,082.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 438,231 shares of the health services provider’s stock worth $73,355,000 after acquiring an additional 427,754 shares during the period. Vanguard Group Inc. grew its holdings in CIGNA by 2.5% during 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 acquiring an additional 424,469 shares during the period. Finally, Numeric Investors LLC grew its holdings in CIGNA by 76.0% during the second quarter. Numeric Investors LLC now owns 714,702 shares of the health services provider’s stock worth $119,634,000 after acquiring an additional 308,702 shares during the period. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director William D. Zollars sold 212 shares of CIGNA stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $205.68, for a total transaction of $43,604.16. Following the transaction, the director now owns 13,500 shares in the company, valued at $2,776,680. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alan Muney sold 15,345 shares of CIGNA stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $200.80, for a total value of $3,081,276.00. Following the transaction, the executive vice president now owns 28,457 shares in the company, valued at approximately $5,714,165.60. The disclosure for this sale can be found here. Insiders sold 63,185 shares of company stock worth $12,789,459 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Several analysts recently commented on CI shares. Jefferies Group raised their target price on CIGNA from $201.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised CIGNA from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a report on Monday, October 9th. Citigroup raised their target price on CIGNA from $198.00 to $231.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. ValuEngine raised CIGNA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets started coverage on CIGNA in a report on Monday, October 16th. They set a “market perform” rating and a $210.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. CIGNA has an average rating of “Buy” and a consensus target price of $205.18.

Shares of CIGNA Co. (NYSE CI) opened at $214.75 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $52,611.24, a P/E ratio of 23.52, a PEG ratio of 1.42 and a beta of 0.51. CIGNA Co. has a 12 month low of $133.52 and a 12 month high of $216.34.

CIGNA (NYSE:CI) last issued its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. The firm had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. CIGNA had a return on equity of 18.85% and a net margin of 5.74%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. research analysts predict that CIGNA Co. will post 10.34 EPS for the current fiscal year.

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About CIGNA

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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Institutional Ownership by Quarter for CIGNA (NYSE:CI)

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