Means Investment CO. Inc. bought a new position in shares of Cigna Co. (NYSE:CI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 934 shares of the health services provider’s stock, valued at approximately $226,000.

A number of other large investors have also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. acquired a new stake in Cigna in the fourth quarter valued at about $146,000. Childress Capital Advisors LLC acquired a new stake in Cigna in the fourth quarter valued at about $100,000. Amundi Pioneer Asset Management Inc. increased its holdings in Cigna by 25.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 946,118 shares of the health services provider’s stock valued at $196,965,000 after buying an additional 189,001 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Cigna in the fourth quarter valued at about $11,830,000. Finally, Auxier Asset Management increased its holdings in Cigna by 0.4% in the fourth quarter. Auxier Asset Management now owns 23,712 shares of the health services provider’s stock valued at $4,936,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.

In related news, insider Matthew G. Manders sold 5,596 shares of Cigna stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $230.06, for a total transaction of $1,287,415.76. Following the sale, the insider now owns 40,422 shares of the company’s stock, valued at approximately $9,299,485.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nicole S. Jones sold 2,527 shares of Cigna stock in a transaction on Monday, March 1st. The stock was sold at an average price of $212.37, for a total transaction of $536,658.99. Following the sale, the executive vice president now directly owns 42,065 shares in the company, valued at approximately $8,933,344.05. The disclosure for this sale can be found here. Insiders have sold a total of 152,399 shares of company stock worth $34,096,430 in the last 90 days. Company insiders own 0.90% of the company’s stock.

A number of research analysts have issued reports on CI shares. Zacks Investment Research cut shares of Cigna from a “hold” rating to a “sell” rating and set a $242.00 target price for the company. in a report on Monday, March 8th. Mizuho increased their target price on shares of Cigna from $229.00 to $264.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Truist increased their target price on shares of Cigna from $260.00 to $280.00 in a report on Tuesday, March 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Cigna from $280.00 to $270.00 and set a “buy” rating for the company in a report on Friday, February 5th. Finally, SVB Leerink raised their price objective on shares of Cigna from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Monday, December 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $254.44.

Shares of NYSE:CI traded down $0.83 during midday trading on Thursday, hitting $239.39. 12,400 shares of the company’s stock traded hands, compared to its average volume of 1,920,681. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $83.16 billion, a PE ratio of 16.85, a P/E/G ratio of 0.95 and a beta of 0.88. The firm’s fifty day moving average price is $230.78 and its two-hundred day moving average price is $207.38. Cigna Co. has a twelve month low of $158.84 and a twelve month high of $248.84.

Cigna (NYSE:CI) last posted its earnings results on Wednesday, February 3rd. The health services provider reported $3.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.68 by ($0.17). The business had revenue of $41.71 billion for the quarter, compared to analyst estimates of $40.05 billion. Cigna had a net margin of 3.38% and a return on equity of 15.39%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.31 EPS. As a group, equities research analysts anticipate that Cigna Co. will post 18.55 EPS for the current fiscal year.

About Cigna

Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care, and intelligence solutions to health plans, employers, government organizations, and health care providers.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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