There has been some selling insider activity on Cigna Corporation (NYSE:CI) recently. They now have a $191.00 target price on the health services provider's stock. Piper Jaffray Companies' price objective indicates a potential upside of 2.66% from the stock's current price.
Several equities analysts have issued reports on the stock. On Thursday, July 13 the stock rating was maintained by Cowen & Co with "Buy". The stock of CIGNA Corporation (NYSE:CI) has "Buy" rating given on Wednesday, June 7 by Jefferies. Morgan Stanley increased their price target on shares of Cigna Corporation from $188.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday, August 17th. Finally, Citigroup Inc. boosted their target price on Cigna Corporation from $185.00 to $198.00 and gave the company a "buy" rating in a research note on Monday, August 7th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company.
(NYSE:CI) shares saw heavy trading volume with 2,445K shares changing hands on Friday. Shares are trading at $186.05 a tad higher than the 50 day moving average of $179.52 and impressively higher than the 200 day moving average of $165.10.
The P/E ratio is 21.47 and the market cap is 46.84B.
Cigna Corporation (NYSE:CI) last released its quarterly earnings data on Friday, August 4th. LLC now owns 43,600 shares of the health services provider's stock valued at $7,298,000 after buying an additional 1,200 shares in the last quarter. Cigna Corporation had a net margin of 5.55% and a return on equity of 17.40%. The business had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.26 billion. The business's quarterly revenue was up 3.6% compared to the same quarter a year ago. Equities analysts expect that Cigna Corporation will post $10.02 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: This article was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another site, it was stolen and reposted in violation of USA & global trademark & copyright legislation. The stock of MYR Group Inc (NASDAQ:MYRG) has "Buy" rating given on Tuesday, August 11 by Zacks. The correct version of this piece can be read at https://www.truebluetribune.com/2017/09/16/isaiah-harris-jr-sells-247-shares-of-cigna-corporation-ci-stock.html. The average 1-year target price among brokers that have issued a report on the stock in the last year is $182.06. Following the transaction, the chief executive officer now directly owns 421,162 shares in the company, valued at $71,681,772.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. $990,000 worth of CIGNA Corporation (NYSE:CI) shares were sold by Manders Matthew G. Triplett Michael W sold 1,439 shares worth $240,153. Company insiders own 1.30% of the company's stock. The disclosure for this sale can be found here. Loews Corporation holds 0% or 1,875 shares in its portfolio.
Here are a few substantial investment firms who have updated their positions. After $2.91 actual earnings per share reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -19.59% negative EPS growth. Achmea Investment Management B.V. now owns 18,365 shares of the health services provider's stock valued at $3,073,000 after buying an additional 7,791 shares in the last quarter.
As of quarter end Squarepoint Ops LLC had bought a total of 46,117 shares growing its stake by 75.5%. Squarepoint Ops LLC now owns 107,231 shares valued at $17,949,000. American Beacon Advisors Inc. bought a new stake in Cigna Corporation in the 1st quarter worth approximately $102,000. Toronto Dominion Bank now owns 86,740 shares of the health services provider's stock valued at $14,517,000 after purchasing an additional 17,348 shares during the period. As of quarter end Cantab Capital Partners Llp had bought a total of 8,862 shares growing its position 90.2%. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Cigna Corporation by 12.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 6,752 shares of the health services provider's stock valued at $1,130,000 after purchasing an additional 4,852 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.
Cigna Corporation (Cigna), launched on November 3, 1981, together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services.