Wealthcare Advisory Partners LLC Has $184,000 Stake in Cigna Corp (NYSE:CI)

Wealthcare Advisory Partners LLC boosted its holdings in Cigna Corp (NYSE:CI) by 450.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,166 shares of the health services provider’s stock after purchasing an additional 954 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Cigna were worth $184,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CI. FMR LLC raised its stake in Cigna by 21.6% in the 1st quarter. FMR LLC now owns 12,229,261 shares of the health services provider’s stock worth $1,966,710,000 after purchasing an additional 2,171,463 shares in the last quarter. Geode Capital Management LLC raised its stake in Cigna by 61.3% in the 4th quarter. Geode Capital Management LLC now owns 4,939,173 shares of the health services provider’s stock worth $936,405,000 after purchasing an additional 1,876,556 shares in the last quarter. Boston Partners raised its stake in Cigna by 34.7% in the 1st quarter. Boston Partners now owns 4,895,908 shares of the health services provider’s stock worth $787,360,000 after purchasing an additional 1,261,911 shares in the last quarter. Nordea Investment Management AB raised its stake in Cigna by 23.8% in the 1st quarter. Nordea Investment Management AB now owns 3,565,966 shares of the health services provider’s stock worth $573,487,000 after purchasing an additional 686,132 shares in the last quarter. Finally, Sanders Capital LLC raised its stake in Cigna by 18.1% in the 1st quarter. Sanders Capital LLC now owns 4,203,397 shares of the health services provider’s stock worth $747,246,000 after purchasing an additional 645,018 shares in the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

CI has been the topic of several recent analyst reports. ValuEngine lowered shares of Cigna from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. Zacks Investment Research lowered shares of Cigna from a “buy” rating to a “hold” rating and set a $164.00 target price on the stock. in a report on Tuesday, June 11th. Raymond James raised their target price on shares of Cigna from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Sanford C. Bernstein raised shares of Cigna from a “market perform” rating to an “outperform” rating and set a $205.00 target price on the stock in a report on Tuesday, August 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $245.00 target price on shares of Cigna in a report on Sunday, April 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $214.55.

CI stock traded up $3.30 during mid-day trading on Friday, hitting $169.90. The stock had a trading volume of 1,633,487 shares, compared to its average volume of 2,032,150. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.70. Cigna Corp has a 52 week low of $141.95 and a 52 week high of $226.60. The stock has a market capitalization of $62.91 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 0.85 and a beta of 0.70. The stock’s fifty day moving average is $166.90.

Cigna (NYSE:CI) last announced its quarterly earnings results on Thursday, August 1st. The health services provider reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.56. The company had revenue of $34.38 billion for the quarter, compared to analyst estimates of $33.27 billion. Cigna had a net margin of 3.60% and a return on equity of 13.24%. The firm’s revenue was up 198.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.89 EPS. As a group, analysts anticipate that Cigna Corp will post 16.75 earnings per share for the current year.

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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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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