Cigna Corporation (NYSE:CI).
Clinton Group Inc bought 26,021 shares during the last quarter increasing its exposure to Cigna Corporation by 312.0%. Its stake stood at $5,033,000 an increase of $3,946,000 as of quarter end.
Other firms have also shifted positions in (CI). As of quarter end Pennsylvania Trust Co had bought 13,847 shares growing its holdings by 145.3%. The value of the investment in (CI) went from $1,396,000 to $3,913,000 a change of $2,517,000 quarter over quarter. Narwhal Capital Management expanded its investment by buying 8,920 shares an increase of 85.3% in the quarter. Narwhal Capital Management currently owns 19,378 shares worth $3,244,000. The value of the position overall is up by 111.7%.
Gateway Investment Advisers LLC divested its ownership by shedding 204 shares a decrease of 1.3% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC controls 16,014 shares valued at $2,681,000. The total value of its holdings increased 12.8%.
Evercore ISI Group initiated coverage giving it an initial rating of “Hold” and setting a price target of $134.00. Equity analyst Stifel Nicolaus started covering CI by announcing an initial rating of “Buy”.
On February 5 BMO Capital made no change to the stock rating of “Outperform” but moved down the price target to $165.00 from $167.00. February 5 investment analysts at Barclays held the stock rating at “Equalweight” and moved down the price target from $168.00 to $166.00.
Jefferies upgraded the stock and raised the price target on January 8 changing the price target from $146.00 to $184.00 and altering the rating from “Hold” to “Buy”. On January 8 the company was upgraded to “Buy” from “Hold” and a price target of $184.00 was set in a report from Jefferies.
In the market the company is trading up by 0.84% since yesterday’s close of $171.16. Cigna Corporation recently announced a dividend for shareholders paid on Monday April 10th, 2017. The dividend was $0.010 per share for the quarter which comes to $0.04 on an annualized basis. This dividend represents a yeild of $0.02 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 8th of March 2017.
Shares last traded at $172.60 slightly over $164.95, the stock’s 50 day moving average and just above the 200 day moving average of $152.14. The 50 day moving average went up $7.67 or +4.65% and the 200 day average went up $20.48 or +13.46%.
Cigna Corporation’s P/E ratio is 23.05 and market cap is 44.19B. In the latest earnings report the EPS was $7.49 and is projected to be $9.76 for the current year with 256,014,000 shares now outstanding. Next quarter’s EPS is estimated at $2.37 and the next full year EPS is anticipated to be $11.19.