Cigna Corporation (NYSE:CI) Position Cut by Sei Investments Co.

Sei Investments Co. lowered its position in Cigna Corporation (NYSE:CI) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 242,683 shares of the health services provider’s stock after selling 12,608 shares during the period. Sei Investments Co. owned about 0.09% of Cigna Corporation worth $40,623,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CI. Guardian Life Insurance Co. of America boosted its stake in shares of Cigna Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 990 shares of the health services provider’s stock valued at $145,000 after buying an additional 7 shares during the period. Private Trust Co. NA bought a new stake in shares of Cigna Corporation during the first quarter valued at about $205,000. Asset Advisors Corp raised its stake in shares of Cigna Corporation by 7.3% in the first quarter. Asset Advisors Corp now owns 29,845 shares of the health services provider’s stock valued at $4,372,000 after buying an additional 2,025 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Cigna Corporation by 3.5% in the first quarter. Wetherby Asset Management Inc. now owns 4,159 shares of the health services provider’s stock valued at $609,000 after buying an additional 140 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Cigna Corporation by 10.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 840,939 shares of the health services provider’s stock valued at $123,190,000 after buying an additional 78,394 shares during the period. Institutional investors own 86.91% of the company’s stock.

Shares of Cigna Corporation (CI) traded down 0.56% on Friday, hitting $174.38. 1,174,009 shares of the stock traded hands. Cigna Corporation has a 52-week low of $115.03 and a 52-week high of $178.57. The stock’s 50 day moving average price is $172.22 and its 200 day moving average price is $159.17. The stock has a market cap of $43.91 billion, a P/E ratio of 20.12 and a beta of 0.46.

Cigna Corporation (NYSE:CI) last announced its quarterly earnings results on Friday, August 4th. The health services provider reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.43. The firm had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.26 billion. Cigna Corporation had a net margin of 7.46% and a return on equity of 17.40%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. On average, equities analysts expect that Cigna Corporation will post $10.02 EPS for the current fiscal year.

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Several research firms recently commented on CI. UBS AG reaffirmed a “buy” rating and issued a $186.00 price objective (up from $181.00) on shares of Cigna Corporation in a report on Monday, June 5th. Deutsche Bank AG lifted their price objective on shares of Cigna Corporation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $185.00 price objective on shares of Cigna Corporation in a report on Wednesday. Zacks Investment Research downgraded shares of Cigna Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. lifted their price objective on shares of Cigna Corporation from $185.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Three investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $180.06.

In other Cigna Corporation news, EVP Nicole S. Jones sold 20,312 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $160.04, for a total transaction of $3,250,732.48. Following the sale, the executive vice president now directly owns 44,737 shares in the company, valued at $7,159,709.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mary T. Hoeltzel sold 500 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $166.70, for a total transaction of $83,350.00. Following the sale, the vice president now owns 2,449 shares in the company, valued at $408,248.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,539 shares of company stock worth $44,527,348. Corporate insiders own 1.30% of the company’s stock.

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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