Eagle Asset Management Inc. grew its position in CIGNA Co. (NYSE:CI) by 13.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 216,769 shares of the health services provider’s stock after purchasing an additional 26,440 shares during the period. Eagle Asset Management Inc.’s holdings in CIGNA were worth $43,850,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Oarsman Capital Inc. bought a new position in CIGNA in the 4th quarter worth about $203,000. Capital Planning Advisors LLC bought a new position in CIGNA in the 4th quarter worth about $508,000. Intrust Bank NA lifted its stake in shares of CIGNA by 32.6% in the 4th quarter. Intrust Bank NA now owns 2,007 shares of the health services provider’s stock worth $408,000 after acquiring an additional 493 shares during the period. Toronto Dominion Bank lifted its stake in shares of CIGNA by 11.3% in the 4th quarter. Toronto Dominion Bank now owns 106,511 shares of the health services provider’s stock worth $21,631,000 after acquiring an additional 10,828 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of CIGNA by 0.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 275,629 shares of the health services provider’s stock worth $55,978,000 after acquiring an additional 2,416 shares during the period. Hedge funds and other institutional investors own 88.60% of the company’s stock.
In related news, insider Christopher J. Hocevar sold 8,387 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $200.32, for a total transaction of $1,680,083.84. Following the completion of the sale, the insider now directly owns 12,363 shares of the company’s stock, valued at $2,476,556.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John M. Murabito sold 6,099 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $220.10, for a total transaction of $1,342,389.90. Following the sale, the executive vice president now directly owns 68,026 shares of the company’s stock, valued at $14,972,522.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,663 shares of company stock valued at $13,329,903. Company insiders own 1.30% of the company’s stock.
Shares of CIGNA Co. (CI) opened at $193.81 on Friday. CIGNA Co. has a one year low of $141.93 and a one year high of $227.13. The company has a market cap of $47,283.24, a P/E ratio of 18.55, a P/E/G ratio of 1.16 and a beta of 0.45. The company has a current ratio of 0.37, a quick ratio of 0.39 and a debt-to-equity ratio of 0.38.
CIGNA (NYSE:CI) last released its earnings results on Thursday, February 1st. The health services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.87 by $0.07. CIGNA had a net margin of 5.38% and a return on equity of 18.84%. The business had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.28 billion. During the same period in the prior year, the business earned $1.87 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. equities analysts predict that CIGNA Co. will post 12.9 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This article was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.chaffeybreeze.com/2018/02/18/cigna-co-ci-holdings-lifted-by-eagle-asset-management-inc.html.
Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.
Want to see what other hedge funds are holding CI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CIGNA Co. (NYSE:CI).
Receive News & Ratings for CIGNA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIGNA and related companies with MarketBeat.com's FREE daily email newsletter.