Fisher Asset Management LLC buys shares of 947 Cigna Co. (NYSE: CI)

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Fisher Asset Management LLC has purchased a new stake in the shares of Cigna Co. (NYSE: CIGet a rating) in the first quarter, according to the company in its latest 13F filing with the SEC. The fund bought 947 shares of the healthcare provider, valued at around $227,000.

Other hedge funds and other institutional investors also bought and sold shares of the company. Chicago Partners Investment Group LLC increased its stake in Cigna by 1.2% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,593 shares of the healthcare provider worth $809,000 after buying 44 more shares last quarter. Financial Management Professionals Inc. increased its stake in Cigna by 6.9% in Q1. Financial Management Professionals Inc. now owns 684 shares of the healthcare provider worth $164,000 after buying 44 more shares in the last quarter. Venture Visionary Partners LLC increased its stake in Cigna by 1.6% in Q1. Venture Visionary Partners LLC now owns 2,887 shares of the healthcare provider worth $691,000 after buying 45 additional shares last quarter. Harbor Investment Advisory LLC increased its stake in Cigna by 2.7% in Q1. Harbor Investment Advisory LLC now owns 1,756 shares of the healthcare provider worth $421,000 after buying 46 more shares last quarter. Finally, Convergence Investment Partners LLC increased its stake in Cigna by 3.0% in the 1st quarter. Convergence Investment Partners LLC now owns 1,560 shares of the healthcare provider worth $374,000 after buying 46 additional shares in the last quarter. Institutional investors hold 88.57% of the company’s shares.

A Wall Street analyst gives his opinion

Several research companies have recently commented on CI. Jefferies Financial Group reiterated a “hold” rating and issued a price target of $271.00 (vs. $330.00) on Cigna shares in a Thursday, July 14 report. Deutsche Bank Aktiengesellschaft raised its price target on Cigna from $236.00 to $284.00 in a Thursday, June 9 research note. Cowen upgraded Cigna from a “market performer” rating to an “outperformer” rating and raised its price target for the company from $242.00 to $329.00 in a Monday 9 research note. may. Loop Capital began covering Cigna in a research note on Thursday, June 16. They set a “holding” rating and a price target of $270.00 for the company. Finally, Raymond James raised his price target on Cigna from $275.00 to $300.00 in a Tuesday, May 10 research note. Seven research analysts gave the stock a hold rating, sixteen gave the stock a buy rating and two gave the stock a strong buy rating. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $293.79.

Cigna stock up 0.6%

NYSE CI opened at $281.77 on Friday. The stock’s 50-day moving average is $265.57 and its 200-day moving average is $251.69. The company has a current ratio of 0.72, a quick ratio of 0.70 and a debt ratio of 0.67. Cigna Co. has a 12-month low of $191.74 and a 12-month high of $284.46. The stock has a market capitalization of $89.40 billion, a PE ratio of 16.80, a P/E/G ratio of 1.10 and a beta of 0.73.

Cigna (NYSE: CIGet a rating) last released its quarterly earnings data on Thursday, August 4. The healthcare service provider reported earnings per share (EPS) of $6.22 for the quarter, beating the consensus estimate of $5.62 by $0.60. The company posted revenue of $45.48 billion for the quarter, versus $44.34 billion expected by analysts. Cigna had a return on equity of 15.91% and a net margin of 3.05%. The company’s revenue for the quarter increased 5.4% year over year. During the same period of the previous year, the company achieved EPS of $5.24. Research analysts predict that Cigna Co. will post EPS of 22.9 for the current fiscal year.

Cigna Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22. Shareholders of record on Wednesday, September 7 will receive a dividend of $1.12 per share. The ex-dividend date is Tuesday, September 6. This represents an annualized dividend of $4.48 and a dividend yield of 1.59%. Cigna’s dividend payout ratio (DPR) is 26.71%.

Insider Trading at Cigna

In other news, EVP Everett Neville sold 902 shares of the company in a transaction that took place on Monday, August 1. The stock was sold at an average price of $273.98, for a total transaction of $247,129.96. Following the sale, the executive vice president now directly owns 6,764 shares of the company, valued at approximately $1,853,200.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. In other news, EVP Everett Neville sold 902 shares of the company in a transaction that took place on Monday, August 1. The stock was sold at an average price of $273.98, for a total transaction of $247,129.96. Following the transaction, the executive vice president now owns 6,764 shares of the company, valued at approximately $1,853,200.72. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CEO David Cordani sold 45,261 shares of the company in a transaction that took place on Tuesday, May 17. The shares were sold at an average price of $270.42, for a total value of $12,239,479.62. As a result of the transaction, the CEO now directly owns 160,499 shares of the company, valued at approximately $43,402,139.58. Disclosure of this sale can be found here. Insiders sold 76,642 shares of the company valued at $20,869,065 in the past ninety days. Company insiders own 0.80% of the company’s shares.

Cigna Company Profile

(Get a rating)

Cigna Corporation provides insurance and related products and services in the United States. Its Evernorth segment provides a range of coordinated and timely healthcare services, including pharmacy, benefits management, care delivery and management, and intelligence solutions to health plans, employers, government organizations and health care providers.

See also

Institutional ownership by quarter for Cigna (NYSE:CI)



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