Victory Capital Management Inc. Purchases 3,453 Shares of Cigna Corporation (CI)

Victory Capital Management Inc. boosted its position in Cigna Corporation (NYSE:CI) by 25.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,106 shares of the health services provider’s stock after buying an additional 3,453 shares during the period. Victory Capital Management Inc.’s holdings in Cigna Corporation were worth $3,198,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. purchased a new stake in Cigna Corporation in the third quarter valued at approximately $5,497,000. Kanawha Capital Management LLC boosted its position in Cigna Corporation by 65.8% in the third quarter. Kanawha Capital Management LLC now owns 5,266 shares of the health services provider’s stock valued at $984,000 after buying an additional 2,089 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Cigna Corporation by 5.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,478 shares of the health services provider’s stock valued at $4,015,000 after buying an additional 1,169 shares during the last quarter. Calamos Advisors LLC boosted its position in Cigna Corporation by 3.7% in the third quarter. Calamos Advisors LLC now owns 43,734 shares of the health services provider’s stock valued at $8,176,000 after buying an additional 1,559 shares during the last quarter. Finally, First Midwest Bank Trust Division boosted its position in Cigna Corporation by 63.0% in the third quarter. First Midwest Bank Trust Division now owns 3,105 shares of the health services provider’s stock valued at $580,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 89.69% of the company’s stock.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Cigna Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Citigroup Inc. upped their price objective on Cigna Corporation from $198.00 to $231.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price objective on Cigna Corporation from $195.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Jefferies Group LLC upped their price objective on Cigna Corporation from $221.00 to $231.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $220.00 price objective (up previously from $185.00) on shares of Cigna Corporation in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $201.50.

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Cigna Corporation (CI) opened at $197.97 on Friday. Cigna Corporation has a 52 week low of $131.03 and a 52 week high of $206.45. 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 $49,550.00, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.51 and a beta of 0.49.

Cigna Corporation (NYSE:CI) last posted its quarterly earnings data on Thursday, November 2nd. The health services provider reported $2.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.47. Cigna Corporation had a return on equity of 18.85% and a net margin of 5.74%. The firm had revenue of $10.38 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the prior year, the company earned $1.94 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. equities analysts predict that Cigna Corporation will post 10.34 earnings per share for the current year.

In other Cigna Corporation news, Director William D. Zollars sold 1,232 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $187.23, for a total value of $230,667.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael W. Triplett sold 10,417 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $197.77, for a total value of $2,060,170.09. Following the completion of the sale, the insider now directly owns 32,347 shares of the company’s stock, valued at $6,397,266.19. The disclosure for this sale can be found here. Insiders sold a total of 12,471 shares of company stock valued at $2,449,891 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

About Cigna Corporation

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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Institutional Ownership by Quarter for Cigna Corporation (NYSE:CI)

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