Keeley Teton Advisors LLC decreased its position in Cigna Corporation (NYSE:CI) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,572 shares of the health services provider’s stock after selling 531 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Cigna were worth $2,724,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of CI. JPMorgan Chase & Co. grew its position in shares of Cigna by 40.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,088,728 shares of the health services provider’s stock worth $684,413,000 after acquiring an additional 1,184,632 shares in the last quarter. Investec Asset Management LTD boosted its position in Cigna by 35.4% during the 3rd quarter. Investec Asset Management LTD now owns 1,849,598 shares of the health services provider’s stock valued at $345,764,000 after purchasing an additional 483,904 shares during the period. FMR LLC boosted its position in Cigna by 6.7% during the 2nd quarter. FMR LLC now owns 6,909,638 shares of the health services provider’s stock valued at $1,156,604,000 after purchasing an additional 432,978 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Cigna by 4,082.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 438,231 shares of the health services provider’s stock valued at $73,355,000 after purchasing an additional 427,754 shares during the period. Finally, Vanguard Group Inc. boosted its position in Cigna by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 17,130,735 shares of the health services provider’s stock valued at $2,867,514,000 after purchasing an additional 424,469 shares during the period. Institutional investors own 87.85% of the company’s stock.
Shares of Cigna Corporation (CI) opened at $206.00 on Friday. Cigna Corporation has a 12 month low of $131.03 and a 12 month high of $212.46. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $50,790.00, a price-to-earnings ratio of 19.67, a PEG ratio of 1.56 and a beta of 0.50.
A number of research analysts recently issued reports on the company. Citigroup boosted their price objective on Cigna from $198.00 to $231.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley boosted their price objective on Cigna from $195.00 to $223.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Jefferies Group boosted their price objective on Cigna from $221.00 to $231.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $220.00 target price (up previously from $185.00) on shares of Cigna in a research note on Friday, November 3rd. Finally, Zacks Investment Research downgraded Cigna from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $201.50.
In related news, insider Christopher J. Hocevar sold 8,387 shares of Cigna stock in a transaction on Monday, November 27th. The stock was sold at an average price of $200.32, for a total value of $1,680,083.84. Following the transaction, the insider now directly owns 12,363 shares in the company, valued at approximately $2,476,556.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alan Muney sold 15,345 shares of Cigna stock in a transaction on Monday, November 27th. The stock was sold at an average price of $200.80, for a total value of $3,081,276.00. Following the completion of the transaction, the executive vice president now owns 28,457 shares in the company, valued at $5,714,165.60. The disclosure for this sale can be found here. Insiders sold a total of 36,203 shares of company stock worth $7,211,251 in the last three months. Company insiders own 1.30% of the company’s stock.
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Cigna Company Profile
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.
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