Royal Bank Of Canada reissued their outperform rating on shares of Cigna Corporation (NYSE:CI) in a research report released on Friday, November 3rd, Marketbeat reports. Royal Bank Of Canada currently has a $220.00 price target on the health services provider’s stock, up from their previous price target of $185.00.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Cigna Corporation from a hold rating to a buy rating and set a $214.00 price objective for the company in a report on Monday, October 9th. Jefferies Group LLC reaffirmed a buy rating and issued a $190.00 price objective (down previously from $199.00) on shares of Cigna Corporation in a report on Friday, August 4th. BMO Capital Markets started coverage on shares of Cigna Corporation in a report on Monday, October 16th. They issued a market perform rating and a $210.00 price objective for the company. BidaskClub downgraded shares of Cigna Corporation from a strong-buy rating to a buy rating in a report on Monday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Cigna Corporation from $188.00 to $195.00 and gave the stock an overweight rating in a report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $201.50.
Cigna Corporation (NYSE:CI) traded up $2.06 on Friday, hitting $198.56. 59,109 shares of the stock were exchanged, compared to its average volume of 1,361,180. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $48,604.81, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.51 and a beta of 0.49. Cigna Corporation has a 12 month low of $131.03 and a 12 month high of $206.45.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.47. The business had revenue of $10.38 billion during the quarter, compared to analyst estimates of $10.17 billion. Cigna Corporation had a net margin of 5.74% and a return on equity of 18.85%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. analysts forecast that Cigna Corporation will post 10.34 earnings per share for the current year.
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In other Cigna Corporation news, Chairman Isaiah Harris, Jr. sold 247 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total transaction of $45,761.69. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael W. Triplett sold 10,417 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $197.77, for a total value of $2,060,170.09. Following the sale, the insider now owns 32,347 shares in the company, valued at approximately $6,397,266.19. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,471 shares of company stock worth $2,449,891. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new stake in Cigna Corporation during the 3rd quarter worth about $246,000. IFM Investors Pty Ltd acquired a new stake in Cigna Corporation during the 3rd quarter worth about $1,330,000. Sterling Capital Management LLC raised its holdings in Cigna Corporation by 88.7% during the 3rd quarter. Sterling Capital Management LLC now owns 82,940 shares of the health services provider’s stock worth $15,505,000 after buying an additional 38,996 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in Cigna Corporation during the 3rd quarter worth about $1,908,000. Finally, Piedmont Investment Advisors LLC raised its holdings in Cigna Corporation by 0.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 53,498 shares of the health services provider’s stock worth $10,001,000 after buying an additional 480 shares during the period. Hedge funds and other institutional investors own 89.69% 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, and Other Operations and Corporate.
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