State of Alaska Department of Revenue Decreases Holdings in Cigna Corp (NYSE:CI)

State of Alaska Department of Revenue decreased its holdings in Cigna Corp (NYSE:CI) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,893 shares of the health services provider’s stock after selling 3,730 shares during the period. State of Alaska Department of Revenue’s holdings in Cigna were worth $7,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CI. Roman Butler Fullerton & Co. lifted its holdings in shares of Cigna by 7.8% in the 2nd quarter. Roman Butler Fullerton & Co. now owns 8,842 shares of the health services provider’s stock worth $1,393,000 after acquiring an additional 642 shares during the last quarter. Nepsis Inc. purchased a new position in shares of Cigna in the second quarter worth $5,753,000. AE Wealth Management LLC increased its stake in shares of Cigna by 99.9% in the second quarter. AE Wealth Management LLC now owns 5,536 shares of the health services provider’s stock worth $872,000 after buying an additional 2,767 shares during the period. Moody National Bank Trust Division increased its stake in shares of Cigna by 1.3% in the second quarter. Moody National Bank Trust Division now owns 30,255 shares of the health services provider’s stock worth $4,767,000 after buying an additional 380 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Cigna by 13.9% in the second quarter. Flagship Harbor Advisors LLC now owns 1,089 shares of the health services provider’s stock worth $171,000 after buying an additional 133 shares during the period. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Several research analysts recently commented on CI shares. Morgan Stanley decreased their target price on shares of Cigna from $241.00 to $207.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. UBS Group started coverage on shares of Cigna in a research report on Tuesday, April 23rd. They set a “buy” rating and a $185.00 price objective on the stock. Cantor Fitzgerald reissued a “buy” rating and set a $245.00 price objective on shares of Cigna in a research report on Sunday, April 21st. ValuEngine downgraded shares of Cigna from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Finally, Goldman Sachs Group downgraded shares of Cigna from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the stock. Cigna has a consensus rating of “Buy” and an average price target of $217.40.

Shares of NYSE:CI traded down $1.45 during midday trading on Wednesday, reaching $170.80. The company’s stock had a trading volume of 100,800 shares, compared to its average volume of 2,037,262. The business has a 50 day moving average of $165.49. The stock has a market capitalization of $63.48 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 0.87 and a beta of 0.71. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. Cigna Corp has a 12-month low of $141.95 and a 12-month high of $226.60.

Cigna (NYSE:CI) last released its earnings results on Thursday, May 2nd. The health services provider reported $3.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.16. The firm had revenue of $33.43 billion for the quarter, compared to the consensus estimate of $32.79 billion. Cigna had a net margin of 4.11% and a return on equity of 14.23%. The company’s revenue was up 192.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.11 EPS. As a group, analysts predict that Cigna Corp will post 16.52 EPS for the current fiscal year.

Cigna Company Profile

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.

Read More: How is the LIBOR rate calculated?

Institutional Ownership by Quarter for Cigna (NYSE:CI)

Receive News & Ratings for Cigna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cigna and related companies with MarketBeat.com's FREE daily email newsletter.