Cigna Corporation (NYSE:CI) Sees Significantly Higher Trading Volume

Cornelia Mascio
Settembre 17, 2017

Investors are feeling more bearish recently if you put credence in the change in short interest. They now have a $191.00 target price on the health services provider's stock. Howard Hughes Medical Institute's holdings in Cigna Corporation were worth $439,000 at the end of the most recent quarter. The legal version of this piece of content can be viewed at As of the end of the quarter Ahl Partners Llp had acquired 2,713 shares growing its stake by 2.9%. Profund Advisors LLC now owns 10,646 shares of the health services provider's stock worth $1,782,000 after purchasing an additional 287 shares during the last quarter. Beaton Management Co. Inc. purchased a new position in Cigna Corporation in the second quarter valued at about $298,000. The health services provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.43. Moreover, Retail Bank Of Montreal Can has 0.03% invested in CIGNA Corporation (NYSE:CI). Toronto Dominion Bank now owns 86,740 shares of the health services provider's stock valued at $14,517,000 after buying an additional 17,348 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Cigna Corporation by 255.4% in the second quarter. Ahl Partners Llp owns 96,012 shares with a value of $16,071,000. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price.

Cigna Corporation (NYSE:CI) has been assigned a consensus recommendation of "Buy" from the nineteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Cigna Corporation has a one year low of $115.03 and a one year high of $188.36. The firm has a 50-day moving average of $179.52 and a 200 day moving average of $165.10.

The company now has a P/E ratio of 21.47 and the market value is 46.84B. Haverford Tru holds 0.06% of its portfolio in CIGNA Corporation (NYSE:CI) for 20,052 shares. Next quarter's EPS is expected be $2.03 with next year's EPS anticipated to be $11.35. The business had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.26 billion. CIGNA Corporation (NYSE:CI) has risen 23.57% since September 17, 2016 and is uptrending. Cigna Corporation's revenue for the quarter was up 3.6% compared to the same quarter previous year. During the same quarter in the prior year, the company earned $1.98 EPS. Equities analysts expect that Cigna Corporation will post $10.02 earnings per share for the current fiscal year.

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Here are a few substantial investment firms who have updated their positions. Piper Jaffray Companies restated a "buy" rating and issued a $191.00 price target on shares of Cigna Corporation in a report on Sunday. Morgan Stanley increased their price target on shares of Cigna Corporation from $188.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday, August 17th. ValuEngine upgraded Cigna Corporation from a "hold" rating to a "buy" rating in a research note on Friday, June 2nd. On August 7 Morgan Stanley maintained a stock rating of "Overweight" but moved up the price target to $188.00 from $184.00. August 7 investment analysts at Citigroup kept the company rating at "Buy" and raised the price target from $98.00 to $198.00. Zacks Investment Research downgraded shares of Cigna Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, August 8th. The company now has a consensus rating of "Buy" and an average price target of $182.59.

In other news, CEO David Cordani sold 153,168 shares of Cigna Corporation stock in a transaction dated Monday, June 19th. The total value of its holdings increased 17.6%. Following the transaction, the chief executive officer now directly owns 421,162 shares in the company, valued at $71,681,772.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. ZOLLARS WILLIAM D also sold $320,269 worth of CIGNA Corporation (NYSE:CI) on Tuesday, June 13. Triplett Michael W also sold $240,153 worth of CIGNA Corporation (NYSE:CI) shares. The disclosure for this sale can be found here.

Large investors have recently bought and sold shares of the business. Another trade for 275 shares valued at $9,349 was made by Johnson Betty R. on Monday, May 8.

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