Cigna Corp (NYSE:CI) – Analysts at SunTrust Banks boosted their Q4 2019 earnings per share estimates for shares of Cigna in a research report issued to clients and investors on Tuesday, February 19th. SunTrust Banks analyst D. Macdonald now forecasts that the health services provider will post earnings per share of $4.26 for the quarter, up from their previous estimate of $4.06.
CI has been the subject of a number of other reports. Zacks Investment Research cut shares of Cigna from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley reduced their price objective 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. Stephens initiated coverage on shares of Cigna in a research report on Monday, January 14th. They set an “overweight” rating and a $251.00 price objective for the company. Finally, Credit Suisse Group restated a “buy” rating and set a $250.00 price objective on shares of Cigna in a research report on Monday, January 7th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $229.09.
CI opened at $194.12 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.42 and a debt-to-equity ratio of 0.96. Cigna has a 1 year low of $163.02 and a 1 year high of $226.60. The firm has a market capitalization of $48.29 billion, a P/E ratio of 13.65, a PEG ratio of 0.98 and a beta of 0.72.
Cigna (NYSE:CI) last posted its earnings results on Friday, February 1st. The health services provider reported $2.46 earnings per share (EPS) for the quarter, missing the 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 analyst estimates of $11.38 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 29.3% on a year-over-year basis.
In other news, Director William D. Zollars sold 201 shares of the company’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $210.84, for a total transaction of $42,378.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Triplett sold 9,148 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $181.01, for a total transaction of $1,655,879.48. The disclosure for this sale can be found here. Insiders have sold 10,349 shares of company stock valued at $1,882,688 in the last ninety days. Insiders own 1.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Cigna by 42,687.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 31,752,725 shares of the health services provider’s stock valued at $167,000 after purchasing an additional 31,678,514 shares during the period. BlackRock Inc. grew its holdings in shares of Cigna by 59.4% in the fourth quarter. BlackRock Inc. now owns 26,892,201 shares of the health services provider’s stock valued at $5,107,369,000 after purchasing an additional 10,021,719 shares during the period. Vanguard Group Inc grew its holdings in shares of Cigna by 1.5% in the third quarter. Vanguard Group Inc now owns 17,800,567 shares of the health services provider’s stock valued at $3,706,967,000 after purchasing an additional 260,042 shares during the period. FMR LLC grew its holdings in shares of Cigna by 18.6% in the third quarter. FMR LLC now owns 8,970,440 shares of the health services provider’s stock valued at $1,868,093,000 after purchasing an additional 1,409,335 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Cigna by 26.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,891,910 shares of the health services provider’s stock valued at $1,308,914,000 after purchasing an additional 1,445,822 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.
Cigna Company Profile
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. It operates through Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations segments. The Global Health Care segment offers medical, dental, behavioral health, vision, and prescription drug benefit plans, as well as health advocacy programs, and other products and services to insured and self-insured customers.
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