Meiji Yasuda Life Insurance Co grew its stake in shares of Cigna Corp (NYSE:CI) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,062 shares of the health services provider’s stock after purchasing an additional 600 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Cigna were worth $1,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Clarfeld Financial Advisors LLC acquired a new position in shares of Cigna in the fourth quarter worth about $25,000. 1 North Wealth Services LLC acquired a new position in shares of Cigna in the fourth quarter worth about $25,000. Delta Asset Management LLC TN acquired a new position in shares of Cigna in the fourth quarter worth about $28,000. Parisi Gray Wealth Management acquired a new position in shares of Cigna in the fourth quarter worth about $32,000. Finally, Claybrook Capital LLC acquired a new position in shares of Cigna in the fourth quarter worth about $34,000. Institutional investors own 88.26% of the company’s stock.

CI has been the topic of several recent analyst reports. UBS Group initiated coverage on Cigna in a research note on Tuesday, April 23rd. They issued a “buy” rating and a $185.00 price target on the stock. ValuEngine cut Cigna from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Goldman Sachs Group cut Cigna from a “conviction-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Zacks Investment Research upgraded Cigna from a “hold” rating to a “strong-buy” rating and set a $171.00 price target on the stock in a research note on Tuesday, April 23rd. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $245.00 price target on shares of Cigna in a research note on Sunday, April 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. Cigna has an average rating of “Buy” and a consensus target price of $223.15.

NYSE CI traded down $0.75 on Wednesday, hitting $155.61. 677,418 shares of the stock traded hands, compared to its average volume of 2,800,144. Cigna Corp has a twelve month low of $141.95 and a twelve month high of $226.60. The stock has a market capitalization of $58.91 billion, a P/E ratio of 10.94, a PEG ratio of 0.78 and a beta of 0.70. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.89.

Cigna (NYSE:CI) last announced its quarterly earnings data on Thursday, May 2nd. The health services provider reported $3.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.74 by $0.16. Cigna had a return on equity of 14.23% and a net margin of 4.11%. The firm had revenue of $33.43 billion for the quarter, compared to analysts’ expectations of $32.79 billion. During the same quarter in the prior year, the firm posted $4.11 earnings per share. Cigna’s revenue for the quarter was up 192.9% compared to the same quarter last year. On average, analysts anticipate that Cigna Corp will post 16.55 EPS for the current year.

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Cigna Company Profile

Cigna Corporation, a health service organization, provides insurance and related products and services in the United States and internationally. It operates through Integrated Medical, Health Services, International Markets, and Group Disability and Other segments. The Integrated Medical segment offers medical, pharmacy, dental, behavioral health and vision, health advocacy programs, and other products and services to insured and self-insured clients; Medicare Advantage, Medicare Supplement, and Medicare Part D plans to Medicare-eligible beneficiaries, as well as Medicaid plans; and health insurance coverage to individual customers on and off the public exchanges.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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