Shares of Cigna Corp (NYSE:CI) traded down 5% during trading on Wednesday . The stock traded as low as $160.04 and last traded at $161.04, 2,211,004 shares changed hands during trading. A decline of 14% from the average session volume of 2,559,273 shares. The stock had previously closed at $169.47.
Several analysts recently commented on the stock. Sanford C. Bernstein upgraded shares of Cigna from a “market perform” rating to an “outperform” rating and set a $205.00 price target for the company in a report on Tuesday, August 6th. Citigroup decreased their price target on shares of Cigna from $228.00 to $203.00 and set a “buy” rating for the company in a report on Monday, June 3rd. Raymond James raised their price target on shares of Cigna from $185.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Morgan Stanley decreased their price target on shares of Cigna from $241.00 to $207.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Finally, Goldman Sachs Group cut shares of Cigna from a “conviction-buy” rating to a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $214.55.
The firm has a market capitalization of $62.77 billion, a PE ratio of 11.32, a P/E/G ratio of 0.87 and a beta of 0.70. The business’s 50-day moving average is $167.61. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84.
Cigna (NYSE:CI) last issued its quarterly earnings data on Thursday, August 1st. The health services provider reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.56. The firm had revenue of $34.38 billion for the quarter, compared to analyst estimates of $33.27 billion. Cigna had a net margin of 3.60% and a return on equity of 13.24%. The company’s revenue for the quarter was up 198.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.89 earnings per share. As a group, equities research analysts forecast that Cigna Corp will post 16.75 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings 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 worth $936,405,000 after buying an additional 1,876,556 shares during the period. Truvestments Capital LLC purchased a new stake in Cigna during the first quarter worth $37,000. Retirement Systems of Alabama lifted its holdings in Cigna by 0.9% during the first quarter. Retirement Systems of Alabama now owns 176,973 shares of the health services provider’s stock worth $28,461,000 after buying an additional 1,640 shares during the period. Raymond James Trust N.A. lifted its holdings in Cigna by 1.5% during the first quarter. Raymond James Trust N.A. now owns 15,552 shares of the health services provider’s stock worth $2,501,000 after buying an additional 224 shares during the period. Finally, Busey Wealth Management lifted its holdings in Cigna by 13.1% during the first quarter. Busey Wealth Management now owns 31,874 shares of the health services provider’s stock worth $5,126,000 after buying an additional 3,689 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.
Cigna Company Profile (NYSE:CI)
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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