Wright Investors Service Inc. Grows Position in Cigna Corp (NYSE:CI)

Wright Investors Service Inc. raised its holdings in shares of Cigna Corp (NYSE:CI) by 16.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 17,346 shares of the health services provider’s stock after acquiring an additional 2,473 shares during the quarter. Wright Investors Service Inc.’s holdings in Cigna were worth $2,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CI. FMR LLC grew its position in Cigna by 21.6% during the first quarter. FMR LLC now owns 12,229,261 shares of the health services provider’s stock valued at $1,966,710,000 after acquiring an additional 2,171,463 shares during the last quarter. Geode Capital Management LLC grew its position in Cigna by 61.3% during the fourth quarter. Geode Capital Management LLC now owns 4,939,173 shares of the health services provider’s stock valued at $936,405,000 after acquiring an additional 1,876,556 shares during the last quarter. Boston Partners grew its position in Cigna by 34.7% during the first quarter. Boston Partners now owns 4,895,908 shares of the health services provider’s stock valued at $787,360,000 after acquiring an additional 1,261,911 shares during the last quarter. Veritas Asset Management LLP grew its position in Cigna by 3.3% during the first quarter. Veritas Asset Management LLP now owns 4,605,129 shares of the health services provider’s stock valued at $740,597,000 after acquiring an additional 146,675 shares during the last quarter. Finally, Sanders Capital LLC grew its position in Cigna by 9.2% during the second quarter. Sanders Capital LLC now owns 4,589,017 shares of the health services provider’s stock valued at $797,936,000 after acquiring an additional 385,620 shares during the last quarter. 87.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on CI shares. Goldman Sachs Group cut shares of Cigna from a “conviction-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Raymond James increased their price target on shares of Cigna from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Zacks Investment Research lowered Cigna from a “buy” rating to a “hold” rating and set a $164.00 price objective for the company. in a research note on Tuesday, June 11th. Barclays dropped their price objective on Cigna from $220.00 to $207.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Finally, Citigroup dropped their price objective on Cigna from $228.00 to $203.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $214.55.

Shares of NYSE:CI traded down $0.91 during trading on Thursday, reaching $159.27. 59,664 shares of the company traded hands, compared to its average volume of 1,899,646. The stock has a market capitalization of $62.55 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. Cigna Corp has a 52-week low of $141.95 and a 52-week high of $226.60. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84. The firm’s fifty day simple moving average is $167.61.

Cigna (NYSE:CI) last released its quarterly earnings data on Thursday, August 1st. The health services provider reported $4.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.56. The firm had revenue of $34.38 billion during the quarter, compared to analyst estimates of $33.27 billion. Cigna had a return on equity of 13.24% and a net margin of 3.60%. The business’s quarterly revenue was up 198.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 earnings per share. On average, research analysts forecast that Cigna Corp will post 16.59 EPS for the current 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.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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