Fifth Third Bancorp maintained its position in Cigna Corporation (NYSE:CI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,426 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Cigna Corporation were worth $1,359,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in Cigna Corporation by 1.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 558,994 shares of the company’s stock worth $72,848,000 after buying an additional 6,937 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Cigna Corporation during the second quarter worth approximately $162,107,000. Ameriprise Financial Inc. raised its position in Cigna Corporation by 67.1% in the third quarter. Ameriprise Financial Inc. now owns 2,049,780 shares of the company’s stock worth $267,106,000 after buying an additional 823,382 shares during the last quarter. BlackRock Inc. raised its position in shares of Cigna Corporation by 0.3% in the third quarter. BlackRock Inc. now owns 684,562 shares of the company’s stock valued at $89,212,000 after buying an additional 2,060 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Cigna Corporation by 0.4% in the second quarter. California State Teachers Retirement System now owns 549,028 shares of the company’s stock valued at $70,270,000 after buying an additional 2,224 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Cigna Corporation (NYSE:CI) opened at 145.33 on Friday. The company has a market cap of $37.33 billion, a price-to-earnings ratio of 20.21 and a beta of 0.53. The company’s 50-day moving average price is $144.43 and its 200-day moving average price is $133.71. Cigna Corporation has a 52-week low of $115.03 and a 52-week high of $150.69.
Cigna Corporation (NYSE:CI) last released its quarterly earnings results on Thursday, February 2nd. The company reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.13. The company earned $9.94 billion during the quarter, compared to analyst estimates of $9.88 billion. Cigna Corporation had a return on equity of 15.77% and a net margin of 4.71%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share. Equities research analysts expect that Cigna Corporation will post $9.52 EPS for the current fiscal year.
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CI has been the subject of several research reports. Zacks Investment Research raised Cigna Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, January 17th. Piper Jaffray Companies initiated coverage on Cigna Corporation in a research report on Wednesday, January 4th. They issued an “overweight” rating and a $170.00 target price for the company. Citigroup Inc. increased their target price on Cigna Corporation from $139.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, January 23rd. Jefferies Group LLC reissued a “buy” rating on shares of Cigna Corporation in a research report on Friday, February 3rd. Finally, RBC Capital Markets raised Cigna Corporation from a “sector perform” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Cigna Corporation presently has a consensus rating of “Buy” and an average price target of $161.08.
In related news, insider Jason D. Sadler sold 2,000 shares of Cigna Corporation stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $138.10, for a total value of $276,200.00. Following the completion of the transaction, the insider now owns 32,019 shares in the company, valued at $4,421,823.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.
Cigna Corporation Company Profile
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, Other Operations and Corporate.
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