Whitnell & Co. Acquires 2,587 Shares of Cigna Corp (NYSE:CI)

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Whitnell & Co. boosted its holdings in Cigna Corp (NYSE:CI) by 19.3% during the third quarter, Holdings Channel reports. The fund owned 15,979 shares of the health services provider’s stock after purchasing an additional 2,587 shares during the period. Whitnell & Co.’s holdings in Cigna were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CI. Redhawk Wealth Advisors Inc. bought a new position in Cigna during the 2nd quarter worth $28,000. Virtus ETF Advisers LLC acquired a new stake in shares of Cigna during the 2nd quarter worth $30,000. Garrett Wealth Advisory Group LLC acquired a new stake in shares of Cigna during the 3rd quarter worth $30,000. Optimum Investment Advisors grew its holdings in shares of Cigna by 258.6% during the 3rd quarter. Optimum Investment Advisors now owns 208 shares of the health services provider’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, TRUE Private Wealth Advisors acquired a new stake in shares of Cigna during the 2nd quarter worth $40,000. Institutional investors and hedge funds own 87.40% of the company’s stock.

In other news, CEO David Cordani purchased 32,509 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of $155.17 per share, with a total value of $5,044,421.53. Company insiders own 0.80% of the company’s stock.

NYSE:CI traded up $2.86 during trading hours on Friday, hitting $188.20. The company’s stock had a trading volume of 1,439,825 shares, compared to its average volume of 2,439,123. The stock has a fifty day simple moving average of $163.40 and a 200-day simple moving average of $160.81. The company has a market capitalization of $67.91 billion, a P/E ratio of 13.23, a PEG ratio of 0.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.63 and a quick ratio of 0.63. Cigna Corp has a twelve month low of $141.95 and a twelve month high of $226.60.

Cigna (NYSE:CI) last released its quarterly earnings data on Thursday, October 31st. The health services provider reported $4.54 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.17. The business had revenue of $35.83 billion for the quarter, compared to analyst estimates of $34.20 billion. Cigna had a return on equity of 12.79% and a net margin of 3.30%. Cigna’s revenue was up 213.1% compared to the same quarter last year. During the same period last year, the firm posted $3.84 earnings per share. On average, equities analysts predict that Cigna Corp will post 16.93 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. Stephens set a $225.00 target price on Cigna and gave the stock a “buy” rating in a report on Friday, August 23rd. Citigroup reissued a “buy” rating and set a $221.00 target price (up from $203.00) on shares of Cigna in a report on Tuesday, November 5th. Oppenheimer set a $254.00 target price on Cigna and gave the stock a “buy” rating in a report on Tuesday, September 10th. ValuEngine raised Cigna from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets raised Cigna from a “market perform” rating to an “outperform” rating and set a $188.00 price objective on the stock in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $213.84.

Cigna 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.

Further Reading: Rule of 72

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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