Trust Co. of Oklahoma boosted its holdings in shares of Cigna Corp (NYSE:CI) by 48.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,222 shares of the health services provider’s stock after buying an additional 1,045 shares during the quarter. Trust Co. of Oklahoma’s holdings in Cigna were worth $518,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Mascoma Wealth Management LLC boosted its position in shares of Cigna by 8.1% in the fourth quarter. Mascoma Wealth Management LLC now owns 709 shares of the health services provider’s stock worth $135,000 after purchasing an additional 53 shares during the period. Howe & Rusling Inc. boosted its position in shares of Cigna by 1.3% during the fourth quarter. Howe & Rusling Inc. now owns 4,585 shares of the health services provider’s stock worth $871,000 after acquiring an additional 61 shares during the last quarter. Accurate Investment Solutions Inc. boosted its position in shares of Cigna by 9.5% during the first quarter. Accurate Investment Solutions Inc. now owns 706 shares of the health services provider’s stock worth $114,000 after acquiring an additional 61 shares during the last quarter. CX Institutional boosted its position in shares of Cigna by 1.9% during the first quarter. CX Institutional now owns 3,523 shares of the health services provider’s stock worth $567,000 after acquiring an additional 66 shares during the last quarter. Finally, First Command Bank boosted its position in shares of Cigna by 11.8% during the fourth quarter. First Command Bank now owns 636 shares of the health services provider’s stock worth $121,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 88.31% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Cigna from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of Cigna from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. Morgan Stanley dropped their target price on shares of Cigna from $304.00 to $299.00 and set an “overweight” rating for the company in a research report on Tuesday, February 5th. Goldman Sachs Group restated a “buy” rating on shares of Cigna in a research report on Saturday, February 2nd. Finally, Stephens assumed coverage on shares of Cigna in a research report on Monday, January 14th. They set an “overweight” rating and a $251.00 target price for the company. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $231.28.
Shares of CI opened at $168.20 on Thursday. Cigna Corp has a twelve month low of $158.00 and a twelve month high of $226.60. The firm has a market capitalization of $64.28 billion, a PE ratio of 11.83, a PEG ratio of 0.83 and a beta of 0.71. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96.
Cigna (NYSE:CI) last announced its earnings results on Friday, February 1st. The health services provider reported $2.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.53 by ($0.07). Cigna had a net margin of 5.42% and a return on equity of 16.64%. The firm had revenue of $13.75 billion during the quarter, compared to analysts’ expectations of $11.38 billion. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts predict that Cigna Corp will post 16.41 earnings per share for the current year.
The company also recently announced a special dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 11th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 8th. Cigna’s dividend payout ratio is currently 0.28%.
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Cigna Company Profile
Cigna Corporation, a health service organization, provides insurance and related products and services in the United States and internationally. It operates through Integrated Medical, Health Services, International Markets, and Group Disability and Other segments. The Integrated Medical segment offers medical, pharmacy, dental, behavioral health and vision, health advocacy programs, and other products and services to insured and self-insured clients; Medicare Advantage, Medicare Supplement, and Medicare Part D plans to Medicare-eligible beneficiaries, as well as Medicaid plans; and health insurance coverage to individual customers on and off the public exchanges.
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