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 https://www.equitiesfocus.com/2017/09/17/cigna-corporation-ci-director-sells-230667-36-in-stock.html. 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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