CIGNA Co. (CI) Position Reduced by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB lessened its holdings in CIGNA Co. (NYSE:CI) by 2.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 47,034 shares of the health services provider’s stock after selling 1,350 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in CIGNA were worth $9,795,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CI. Flagship Harbor Advisors LLC purchased a new position in CIGNA in the second quarter valued at $102,000. Sun Life Financial INC increased its holdings in CIGNA by 254.3% in the second quarter. Sun Life Financial INC now owns 659 shares of the health services provider’s stock valued at $112,000 after buying an additional 473 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in CIGNA in the third quarter valued at $116,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in CIGNA by 3,122.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 709 shares of the health services provider’s stock valued at $120,000 after buying an additional 687 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in CIGNA by 98.7% in the second quarter. Moneta Group Investment Advisors LLC now owns 785 shares of the health services provider’s stock valued at $133,000 after buying an additional 390 shares during the last quarter. 89.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director William D. Zollars sold 238 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $193.70, for a total transaction of $46,100.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric P. Palmer bought 2,828 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were acquired at an average price of $177.61 per share, with a total value of $502,281.08. Following the purchase, the chief financial officer now directly owns 9,678 shares of the company’s stock, valued at approximately $1,718,909.58. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.



Several equities analysts recently commented on CI shares. ValuEngine raised CIGNA from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $224.00 target price on shares of CIGNA in a report on Friday, August 3rd. SunTrust Banks increased their target price on CIGNA to $244.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research downgraded shares of CIGNA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, Cowen started coverage on shares of CIGNA in a research note on Monday, September 17th. They issued an “outperform” rating and a $240.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $231.14.

NYSE CI opened at $206.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.38 and a quick ratio of 0.38. CIGNA Co. has a 1 year low of $163.02 and a 1 year high of $227.13. The firm has a market capitalization of $51.20 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.24 and a beta of 0.64.

CIGNA (NYSE:CI) last released its quarterly earnings data on Thursday, August 2nd. The health services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.56. CIGNA had a net margin of 5.82% and a return on equity of 22.27%. The company had revenue of $11.50 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter in the prior year, the firm posted $2.91 earnings per share. CIGNA’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that CIGNA Co. will post 13.87 EPS for the current fiscal year.

CIGNA Company Profile

Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. It operates through Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations segments. The Global Health Care segment offers medical, dental, behavioral health, vision, and prescription drug benefit plans, as well as health advocacy programs, and other products and services to insured and self-insured customers.

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Institutional Ownership by Quarter for CIGNA (NYSE:CI)

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