Cigna Corp (NYSE:CI)’s share price was up 5.4% during trading on Monday . The stock traded as high as $162.59 and last traded at $162.16, approximately 2,943,504 shares traded hands during trading. An increase of 18% from the average daily volume of 2,501,582 shares. The stock had previously closed at $153.80.

CI has been the topic of a number of research reports. Oppenheimer set a $254.00 target price on shares of Cigna and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley decreased their price target on shares of Cigna from $241.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Raymond James lifted their price target on shares of Cigna from $185.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Zacks Investment Research cut shares of Cigna from a “buy” rating to a “hold” rating and set a $164.00 price target for the company. in a research report on Tuesday, June 11th. Finally, Citigroup reissued a “buy” rating on shares of Cigna in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Cigna has a consensus rating of “Buy” and an average target price of $215.39.

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average price of $160.99 and a two-hundred day moving average price of $161.69. The stock has a market capitalization of $61.70 billion, a P/E ratio of 11.38, a P/E/G ratio of 0.83 and a beta of 0.73.

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, topping the Zacks’ consensus estimate of $3.74 by $0.56. Cigna had a net margin of 3.60% and a return on equity of 13.24%. The company had revenue of $34.38 billion for the quarter, compared to analysts’ expectations of $33.27 billion. During the same quarter in the previous year, the business posted $3.89 EPS. Cigna’s revenue was up 198.9% compared to the same quarter last year. Sell-side analysts anticipate that Cigna Corp will post 16.75 earnings per share for the current fiscal year.

In other news, CEO David Cordani bought 32,509 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $155.17 per share, with a total value of $5,044,421.53. 0.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Cigna during the second quarter valued at $28,000. Virtus ETF Advisers LLC purchased a new position in Cigna in the 2nd quarter worth about $30,000. TRUE Private Wealth Advisors purchased a new position in Cigna in the 2nd quarter worth about $40,000. Prime Capital Investment Advisors LLC lifted its stake in Cigna by 32.5% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 257 shares of the health services provider’s stock valued at $40,000 after acquiring an additional 63 shares during the period. Finally, Trustcore Financial Services LLC bought a new position in Cigna during the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 87.46% of the company’s stock.

About Cigna (NYSE:CI)

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.

Further Reading: Cost of Equity For A Business, Investors

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