JGP Global Gestao de Recursos Ltda. Sells 129 Shares of Cigna Co. (NYSE:CI)

JGP Global Gestao de Recursos Ltda. cut its stake in Cigna Co. (NYSE:CIGet Rating) by 12.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921 shares of the health services provider’s stock after selling 129 shares during the period. JGP Global Gestao de Recursos Ltda.’s holdings in Cigna were worth $256,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Castle Wealth Management LLC bought a new position in shares of Cigna during the 2nd quarter worth approximately $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of Cigna by 178.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 103 shares of the health services provider’s stock worth $29,000 after buying an additional 66 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Cigna during the 2nd quarter worth approximately $31,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Cigna during the 3rd quarter worth approximately $34,000. Finally, Wagner Wealth Management LLC acquired a new position in shares of Cigna during the second quarter worth approximately $35,000. 87.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cigna news, EVP Cynthia Ryan sold 3,009 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $327.95, for a total value of $986,801.55. Following the completion of the transaction, the executive vice president now owns 4,319 shares in the company, valued at approximately $1,416,416.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cigna news, insider Jason D. Sadler sold 16,667 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was sold at an average price of $333.88, for a total value of $5,564,777.96. Following the sale, the insider now owns 35,750 shares of the company’s stock, valued at approximately $11,936,210. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Cynthia Ryan sold 3,009 shares of the firm’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $327.95, for a total value of $986,801.55. Following the completion of the sale, the executive vice president now directly owns 4,319 shares in the company, valued at approximately $1,416,416.05. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Cigna in a research report on Wednesday, October 12th. They set a “strong-buy” rating on the stock. Morgan Stanley upped their target price on Cigna from $347.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, January 6th. Oppenheimer upped their target price on Cigna from $320.00 to $360.00 in a research report on Friday, November 4th. Raymond James lowered Cigna from a “strong-buy” rating to an “outperform” rating and set a $370.00 target price on the stock. in a research report on Monday, November 21st. Finally, Mizuho upped their target price on Cigna from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 10th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $329.45.

Cigna Stock Up 0.3 %

CI stock opened at $308.99 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market capitalization of $94.47 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.10 and a beta of 0.69. Cigna Co. has a fifty-two week low of $213.16 and a fifty-two week high of $340.11. The stock has a fifty day moving average of $321.63 and a 200-day moving average of $301.49.

Cigna (NYSE:CIGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The health services provider reported $6.04 earnings per share for the quarter, topping the consensus estimate of $5.70 by $0.34. The company had revenue of $45.36 billion during the quarter, compared to the consensus estimate of $44.87 billion. Cigna had a return on equity of 15.94% and a net margin of 3.67%. As a group, equities research analysts predict that Cigna Co. will post 23.14 earnings per share for the current year.

Cigna Company Profile

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Cigna Corp. is engaged in the provision of global health services. It operates through the following segments: Evernorth, U.S. Medical, International Markets, and Group Disability and Other. The Evernorth segment includes a broad range of coordinated and point solution health services, including pharmacy solutions, benefits management solutions, care solutions and intelligence solutions.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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