Great Lakes Advisors LLC lowered its position in shares of Cigna Corp (NYSE:CI) by 69.5% in the 1st quarter, HoldingsChannel reports. The fund owned 1,739 shares of the health services provider’s stock after selling 3,972 shares during the period. Great Lakes Advisors LLC’s holdings in Cigna were worth $280,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in Cigna in the 4th quarter worth approximately $25,000. Clarfeld Financial Advisors LLC purchased a new position in Cigna in the 4th quarter worth approximately $25,000. Private Ocean LLC purchased a new position in Cigna in the 4th quarter worth approximately $26,000. Delta Asset Management LLC TN purchased a new position in Cigna in the 4th quarter worth approximately $28,000. Finally, Litman Gregory Asset Management LLC purchased a new position in Cigna in the 4th quarter worth approximately $30,000. 86.47% of the stock is owned by institutional investors.
In related news, Director William D. Zollars sold 272 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $168.43, for a total transaction of $45,812.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian C. Evanko purchased 2,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average price of $163.40 per share, with a total value of $326,800.00. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by corporate insiders.
Shares of Cigna stock opened at $149.48 on Friday. Cigna Corp has a 52-week low of $141.95 and a 52-week high of $226.60. The firm has a market capitalization of $56.72 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.76 and a beta of 0.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.70.
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 Zacks’ consensus estimate of $3.74 by $0.16. Cigna had a net margin of 4.11% and a return on equity of 14.23%. The company had revenue of $33.43 billion during the quarter, compared to analysts’ expectations of $32.79 billion. During the same quarter in the prior year, the company earned $4.11 EPS. The firm’s revenue was up 192.9% on a year-over-year basis. As a group, equities research analysts forecast that Cigna Corp will post 16.54 EPS for the current year.
A number of equities analysts have commented on CI shares. ValuEngine raised shares of Cigna from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. Morgan Stanley cut their price target on shares of Cigna from $304.00 to $299.00 and set an “overweight” rating for the company in a research note on Tuesday, February 5th. Goldman Sachs Group reissued a “buy” rating on shares of Cigna in a research note on Saturday, February 2nd. Zacks Investment Research cut shares of Cigna from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 20th. Finally, Cantor Fitzgerald reissued 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, two have issued a hold rating and fifteen have given a buy rating to the stock. Cigna has a consensus rating of “Buy” and a consensus target price of $225.85.
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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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