Trade Report: Today: Wedge Capital Management L L P NC Acquires 14,408 Shares of Cigna Corp. (CI)

Today: Wedge Capital Management L L P NC Acquires 14,408 Shares of Cigna Corp. (CI)

Wedge Capital Management L L P NC raised its stake in Cigna Corp. (NYSE:CI) by 16.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 102,939 shares of the company’s stock after buying an additional 14,408 shares during the period. Wedge Capital Management L L P NC’s holdings in Cigna Corp. were worth $13,175,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CI. Checchi Capital Advisers LLC boosted its position in shares of Cigna Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,624 shares of the company’s stock valued at $336,000 after buying an additional 17 shares during the last quarter. Pennsylvania Trust Co raised its stake in Cigna Corp. by 0.6% in the second quarter. Pennsylvania Trust Co now owns 9,517 shares of the company’s stock valued at $1,218,000 after buying an additional 60 shares during the last quarter. Capital One National Association raised its stake in 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 during the last quarter. Silvercrest Asset Management Group LLC raised its stake in Cigna Corp. by 1.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 5,080 shares of the company’s stock valued at $697,000 after buying an additional 65 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake in Cigna Corp. by 1.1% in the second quarter. LS Investment Advisors LLC now owns 6,919 shares of the company’s stock valued at $886,000 after buying an additional 75 shares during the last quarter. Institutional investors own 85.25% of the company’s stock.

Shares of Cigna Corp. (NYSE:CI) traded down 0.21% during midday trading on Friday, hitting $120.90. 570,185 shares of the stock were exchanged. Cigna Corp. has a one year low of $120.09 and a one year high of $148.99. The firm has a 50 day moving average of $128.29 and a 200-day moving average of $131.01. The company has a market cap of $31.02 billion, a price-to-earnings ratio of 15.68 and a beta of 0.43.

Cigna Corp. (NYSE:CI) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. The company earned $9.89 billion during the quarter, compared to analyst estimates of $9.98 billion. Cigna Corp. had a net margin of 5.16% and a return on equity of 17.60%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $2.55 EPS. Equities analysts expect that Cigna Corp. will post $7.99 EPS for the current year.

Several analysts have commented on CI shares. Jefferies Group reissued a “buy” rating on shares of Cigna Corp. in a research report on Tuesday, August 23rd. Zacks Investment Research raised shares of Cigna Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Leerink Swann reissued a “buy” rating and set a $155.00 price target on shares of Cigna Corp. in a research report on Monday, September 26th. William Blair reissued a “buy” rating on shares of Cigna Corp. in a research report on Wednesday, August 31st. Finally, Goldman Sachs Group Inc. reissued a “buy” rating and set a $160.00 price target on shares of Cigna Corp. in a research report on Thursday, September 8th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Cigna Corp. currently has an average rating of “Buy” and an average target price of $157.65.

In other news, VP Mary T. Hoeltzel sold 500 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $132.28, for a total value of $66,140.00. Following the transaction, 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 document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Cigna Corp. 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, Other Operations and Corporate.

Related posts

Leave a Comment