Cigna Co. (NYSE:CI) Shares Sold by Meitav Dash Investments Ltd.

Meitav Dash Investments Ltd. lessened its holdings in Cigna Co. (NYSE:CIGet Rating) by 22.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,834 shares of the health services provider’s stock after selling 8,773 shares during the period. Meitav Dash Investments Ltd.’s holdings in Cigna were worth $7,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Country Trust Bank lifted its stake in Cigna by 116.7% during the 1st quarter. Country Trust Bank now owns 104 shares of the health services provider’s stock worth $25,000 after acquiring an additional 56 shares in the last quarter. Missouri Trust & Investment Co acquired a new position in Cigna during the 4th quarter worth about $28,000. Wagner Wealth Management LLC lifted its stake in Cigna by 144.4% during the 4th quarter. Wagner Wealth Management LLC now owns 132 shares of the health services provider’s stock worth $30,000 after acquiring an additional 78 shares in the last quarter. Exane Derivatives lifted its stake in Cigna by 6,200.0% during the 1st quarter. Exane Derivatives now owns 126 shares of the health services provider’s stock worth $30,000 after acquiring an additional 124 shares in the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in Cigna during the 1st quarter worth about $30,000. Institutional investors and hedge funds own 88.57% of the company’s stock.

Insider Buying and Selling at Cigna

In other Cigna news, EVP Nicole S. Jones sold 5,901 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $270.00, for a total transaction of $1,593,270.00. Following the completion of the sale, the executive vice president now owns 36,908 shares of the company’s stock, valued at $9,965,160. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Cigna news, EVP Nicole S. Jones sold 5,901 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $270.00, for a total transaction of $1,593,270.00. Following the transaction, the executive vice president now owns 36,908 shares in the company, valued at $9,965,160. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Everett Neville sold 902 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $273.98, for a total value of $247,129.96. Following the transaction, the executive vice president now owns 6,764 shares in the company, valued at approximately $1,853,200.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,642 shares of company stock valued at $20,869,065. Company insiders own 0.80% of the company’s stock.

Cigna Stock Performance

Cigna stock opened at $281.77 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.72. The stock has a fifty day moving average of $265.57 and a two-hundred day moving average of $251.60. The company has a market capitalization of $89.40 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.10 and a beta of 0.73. Cigna Co. has a fifty-two week low of $191.74 and a fifty-two week high of $284.46.

Cigna (NYSE:CIGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The health services provider reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $5.62 by $0.60. The business had revenue of $45.48 billion during the quarter, compared to the consensus estimate of $44.34 billion. Cigna had a return on equity of 15.91% and a net margin of 3.05%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.24 earnings per share. On average, analysts anticipate that Cigna Co. will post 22.9 EPS for the current fiscal year.

Cigna Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Wednesday, September 7th will be given a dividend of $1.12 per share. This represents a $4.48 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Tuesday, September 6th. Cigna’s dividend payout ratio (DPR) is presently 26.71%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CI shares. Stephens increased their price target on Cigna from $265.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. BMO Capital Markets increased their price objective on Cigna from $300.00 to $320.00 in a report on Monday, May 9th. Wells Fargo & Company increased their price objective on Cigna from $278.00 to $306.00 in a report on Monday, May 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $271.00 price objective (down previously from $330.00) on shares of Cigna in a report on Thursday, July 14th. Finally, Morgan Stanley upgraded Cigna from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $283.00 to $296.00 in a report on Wednesday, June 22nd. Seven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.72.

About Cigna

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Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and point solution health services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations, and health care providers.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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