Cigna Corporation (NYSE:CI).
Clinton Group Inc increased its position in Cigna Corporation by 312.0% in a 13F filing with the SEC. Its stake stood at $5,033,000 an increase of 363.0% according to the filing.
The following firms have also recently changed their position in CI. As of quarter end Pennsylvania Trust Co had bought a total of 13,847 shares growing its holdings by 145.3%. The value of the company’s investment in Cigna Corporation went from $1,396,000 to $3,913,000 a change of $2,517,000 since the last quarter. Narwhal Capital Management expanded its position by buying 8,920 shares an increase of 85.3% in the quarter. Narwhal Capital Management now holds 19,378 shares worth $3,244,000. The total value of its holdings increased 111.7%.
Gateway Investment Advisers LLC reduced its investment by shedding 204 shares a decrease of 1.3% as of 06/30/2017. Gateway Investment Advisers LLC now controls 16,014 shares with a value of $2,681,000. The value of the position overall is up by 12.8%.
Equity analyst Evercore ISI Group started covering the stock by announcing an initial rating of “Hold” and a price target of $134.00. Stifel Nicolaus started coverage with a rating of “Buy”.
On February 5 BMO Capital made no change to the company rating of “Outperform” and moved down the price target from $167.00 to $165.00. February 5 investment analysts at Barclays held the company rating at “Equalweight” but lowered the price target to $166.00 from $168.00.
Jefferies both upgraded the stock and raised the price target on January 8 changing the price objective from $146.00 to $184.00 and altering the rating from “Hold” to “Buy”. On January 8 the stock rating was upgraded to “Buy” from “Hold” and a price target of $184.00 was set in a report issued by Jefferies.
The company is trading up by 0.84 percent from yesterday’s close. Additionally Cigna Corporation recently declared a dividend that was paid on Monday April 10th, 2017. The dividend payment was $0.010 per share for the quarter or $0.04 on an annualized basis. This dividend represents a yield of $0.02. The ex-dividend date was set for Wednesday the 8th of March 2017.
It is currently trading at $172.60 slightly over $164.95, the stock’s 50 day moving average and marginally over the 200 day moving average of $152.14. The 50 day moving average went up by +4.65% and the 200 day average was up $20.48.
Cigna Corporation’s P/E ratio is 23.05 and the market value is 44.19B. In the latest earnings report the EPS was $7.49 and is expected to be $9.76 for the current year with 256,014,000 shares currently outstanding. Next quarter’s EPS is estimated at $2.37 with next year’s EPS projected to be $11.19.