Meiji Yasuda Asset Management Co Ltd. increased its position in Cigna Corp (NYSE:CI) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,187 shares of the health services provider’s stock after buying an additional 1,397 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cigna were worth $2,764,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC acquired a new position in Cigna during the fourth quarter worth approximately $25,000. Clarfeld Financial Advisors LLC acquired a new position in Cigna during the fourth quarter worth approximately $25,000. Delta Asset Management LLC TN acquired a new position in Cigna during the fourth quarter worth approximately $28,000. Parisi Gray Wealth Management acquired a new position in Cigna during the fourth quarter worth approximately $32,000. Finally, Claybrook Capital LLC acquired a new position in Cigna during the fourth quarter worth approximately $34,000. 88.26% of the stock is owned by institutional investors and hedge funds.
CI has been the subject of several research analyst reports. UBS Group initiated coverage on shares of Cigna in a research report on Tuesday, April 23rd. They set a “buy” rating and a $185.00 price target for the company. ValuEngine lowered shares of Cigna from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Goldman Sachs Group lowered shares of Cigna from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Cigna from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective for the company in a research report on Tuesday, April 23rd. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $245.00 price objective on shares of Cigna in a research report on Sunday, April 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. Cigna presently has a consensus rating of “Buy” and a consensus price target of $223.15.
Cigna (NYSE:CI) last released its quarterly earnings data on Thursday, May 2nd. The health services provider reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.74 by $0.16. The company had revenue of $33.43 billion during the quarter, compared to analyst estimates of $32.79 billion. Cigna had a net margin of 4.11% and a return on equity of 14.23%. The business’s quarterly revenue was up 192.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.11 earnings per share. On average, research analysts expect that Cigna Corp will post 16.55 EPS for the current fiscal year.
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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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