Iowa State Bank bought a new stake in shares of Cigna Corp (NYSE:CI) during the 3rd quarter, Holdings Channel reports. The firm bought 1,756 shares of the health services provider’s stock, valued at approximately $267,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Flagship Harbor Advisors LLC increased its position in shares of Cigna by 13.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,089 shares of the health services provider’s stock valued at $171,000 after purchasing an additional 133 shares during the last quarter. Boenning & Scattergood Inc. increased its holdings in Cigna by 33.9% in the 2nd quarter. Boenning & Scattergood Inc. now owns 2,370 shares of the health services provider’s stock worth $373,000 after acquiring an additional 600 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in Cigna by 2.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 15,041 shares of the health services provider’s stock worth $2,370,000 after acquiring an additional 300 shares in the last quarter. Essex Savings Bank increased its holdings in Cigna by 48.7% in the 2nd quarter. Essex Savings Bank now owns 4,829 shares of the health services provider’s stock worth $761,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Bruni J V & Co. Co. increased its holdings in Cigna by 53.0% in the 2nd quarter. Bruni J V & Co. Co. now owns 113,845 shares of the health services provider’s stock worth $17,936,000 after acquiring an additional 39,459 shares in the last quarter. Institutional investors and hedge funds own 87.45% of the company’s stock.
Shares of CI opened at $166.88 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.70. Cigna Corp has a 1 year low of $141.95 and a 1 year high of $226.60. The company has a 50 day simple moving average of $155.65 and a two-hundred day simple moving average of $159.11. The firm has a market cap of $62.22 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.84 and a beta of 0.71.
Cigna (NYSE:CI) last announced its quarterly earnings data on Thursday, August 1st. The health services provider reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.56. Cigna had a net margin of 3.60% and a return on equity of 13.24%. The business had revenue of $34.38 billion during the quarter, compared to analyst estimates of $33.27 billion. During the same period last year, the firm posted $3.89 EPS. The company’s revenue was up 198.9% on a year-over-year basis. On average, sell-side analysts anticipate that Cigna Corp will post 16.77 earnings per share for the current year.
In related news, CEO David Cordani acquired 32,509 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $155.17 per share, with a total value of $5,044,421.53. Company insiders own 0.80% of the company’s stock.
Several equities research analysts recently issued reports on CI shares. Raymond James increased their target price on shares of Cigna from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets raised shares of Cigna from a “market perform” rating to an “outperform” rating and set a $188.00 target price for the company in a report on Monday, September 30th. Oppenheimer set a $254.00 target price on shares of Cigna and gave the stock a “buy” rating in a report on Tuesday, September 10th. ValuEngine raised shares of Cigna from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Citigroup reissued a “buy” rating on shares of Cigna in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Cigna currently has a consensus rating of “Buy” and a consensus price target of $208.96.
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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