Alps Advisors Inc. Invested $238,000 in Cigna Company (NYSE:CI)

According to a Holdings Channel report, Alps Advisors Inc. In the second quarter, Cigna Co. (NYSE:CI – Get Rating) . The fund purchased 903 shares of the healthcare provider’s stock, valued at approximately $238,000.

Several other hedge funds also made changes to their positions in CI. Axiom Financial Strategies LLC acquired a new position in Cigna in the first quarter valued at approximately $212,000. Benjamin Edwards Inc. raised its stake in Cigna to 37.7% in the first quarter. After buying an additional 52 shares during the last quarter, Benjamin Edwards Inc. holds 190 shares of the healthcare provider valued at $46,000. Thoroughbred Financial Services LLC acquired a new position in Cigna in the first quarter valued at approximately $567,000. Commonwealth Equity Services LLC boosted its stake in Cigna by 4.0% in the first quarter. Commonwealth Equity Services LLC now owns 73,846 shares of the healthcare provider valued at $17,694,000 after buying an additional 2,870 shares during the last quarter. Lastly, Victory Capital Management Inc. raised its stake in Cigna by 1.9% in the first quarter. Victory Capital Management Inc. after buying additional 9,031 shares during the last quarter. owns 481,049 shares of the healthcare provider worth $116,900,000. 89.54% of the stock is owned by hedge funds and other institutional investors.

Cigna stock up 0.2%

Shares of CI stock opened Thursday at $319.84. The stock has a market cap of $97.79 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.21, and a beta of 0.72. Cigna Co. The One Year Low was $191.74 and the One Year High was $331.05. The 50-day moving average price of the stock is $300.94 and the 200-day moving average price is $282.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.73 and a quick ratio of 0.73.

Cigna declares dividend

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 21st. A dividend of $1.12 per share will be issued to shareholders of record on Tuesday, December 6th. The ex-dividend date of this dividend is Monday, December 5th. This represents a $4.48 dividend and a dividend yield of 1.40% on an annualized basis. Cigna’s payout ratio currently stands at 21.39%.

analyzer upgrade and downgrade

Several equity analysts recently commented on the company. Royal Bank of Canada raised their price objective on Cigna from $294.00 to $344.00 and gave the stock a “sector perform” rating in a report on Monday, November 7. Raymond James downgraded Cigna from a “strong-buy” rating to an “outperform” rating and set a $370.00 price target on the stock. In a report on Monday. Credit Suisse Group raised its price target on Cigna from $329.00 to $368.00 and gave the company an “outperform” rating in a report on Monday, November 7. Wells Fargo & Company raised their price target on Cigna from $319.00 to $370.00 in a report on Tuesday, November 8. Finally, SVB Leerink raised its price target on Cigna from $305.00 to $335.00 and gave the company a “market perform” rating in a report on Tuesday, November 8. Seven research analysts have a hold rating on the stock, thirteen have a buy rating and one has a strong buy rating on the stock. The company has a consensus rating of “Moderate Buy” and an average price target of $329.32, according to MarketBeat.com.

Insider Buying and Selling at Cigna

In other Cigna news, CEO Eric P. Palmer sold 4,000 shares of Cigna stock in a transaction on Friday, October 14. The stock was sold at an average price of $300.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,838 shares of the company’s stock, valued at $11,051,400. The sale was disclosed in a document filed with the SEC, which can be accessed via this hyperlink. In related news, EVP Paul A. Sanford sold 373 shares of Cigna stock in a transaction on Friday, October 14. The stock was sold at an average price of $300.00 for a total value of $111,900.00. Following the completion of the sale, the executive vice president now directly owns 8,748 shares in the company, valued at $2,624,400. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric P. Palmer sold 4,000 shares of Cigna stock in a transaction on Friday, October 14. The stock was sold at an average price of $300.00 for a total value of $1,200,000.00. Following the completion of the sale, the chief executive officer now holds 36,838 shares of the company’s stock, valued at $11,051,400. Disclosure of this sale can be found here. In the last three months, insiders sold 12,633 shares of company stock valued at $3,730,098. 0.80% of the stock is currently owned by company insiders.

About Cigna

(get rating)

Cigna Corporation provides insurance and related products and services in the United States. Its EverNorth segment provides a range of integrated and point solution healthcare services, including pharmacy, benefits management, care delivery and management, and intelligence solutions for health plans, employers, government organizations and health care providers.

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Institutional Ownership by Quarter for Cigna (NYSE:CI)

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