Sanders Capital LLC boosted its position in shares of Cigna Corp. (NYSE:CI) by 28.0% during the second quarter, Holdings Channel reports. The fund owned 4,013,588 shares of the company’s stock after buying an additional 876,878 shares during the period. Cigna Corp. comprises approximately 4.3% of Sanders Capital LLC’s investment portfolio, making the stock its 9th largest position. Sanders Capital LLC’s holdings in Cigna Corp. were worth $524,645,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its position in shares of Cigna Corp. by 8.9% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,677 shares of the company’s stock valued at $215,000 after buying an additional 137 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Cigna Corp. during the second quarter valued at approximately $218,000. Capital One National Association boosted its position in shares of Cigna Corp. by 3.5% in the second quarter. Capital One National Association now owns 1,868 shares of the company’s stock valued at $239,000 after buying an additional 63 shares in the last quarter. Atria Investments LLC acquired a new position in shares of Cigna Corp. during the second quarter valued at approximately $255,000. Finally, National Planning Corp acquired a new position in shares of Cigna Corp. during the first quarter valued at approximately $261,000. 85.25% of the stock is currently owned by institutional investors.
Cigna Corp. (NYSE:CI) traded up 0.26% during trading on Friday, hitting $127.23. 670,218 shares of the stock traded hands. The company has a 50-day moving average price of $129.68 and a 200-day moving average price of $131.57. The stock has a market cap of $32.64 billion, a PE ratio of 16.50 and a beta of 0.43. Cigna Corp. has a 12 month low of $121.87 and a 12 month high of $148.99.
Cigna Corp. (NYSE:CI) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.39 by $0.41. Cigna Corp. had a net margin of 5.16% and a return on equity of 17.60%. The business earned $9.89 billion during the quarter, compared to the consensus estimate of $9.98 billion. During the same period last year, the firm earned $2.55 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts expect that Cigna Corp. will post $7.99 EPS for the current year.
Several research analysts have recently commented on the stock. Goldman Sachs Group Inc. raised shares of Cigna Corp. from a “buy” rating to a “conviction-buy” rating and lowered their target price for the stock from $170.00 to $165.00 in a report on Friday, July 22nd. Zacks Investment Research cut shares of Cigna Corp. from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $149.00 target price on shares of Cigna Corp. in a report on Friday, July 8th. Leerink Swann reaffirmed a “buy” rating and set a $155.00 target price on shares of Cigna Corp. in a report on Monday, September 26th. Finally, Citigroup Inc. lowered their target price on shares of Cigna Corp. from $174.00 to $146.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Cigna Corp. presently has a consensus rating of “Buy” and a consensus target price of $157.65.
In related news, VP Mary T. Hoeltzel sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $132.28, for a total transaction of $66,140.00. Following the sale, the vice president now owns 4,017 shares of the company’s stock, valued at approximately $531,368.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company’s stock.
About Cigna Corp.
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, Other Operations and Corporate.