Point View Wealth Management Inc. boosted its stake in shares of CIGNA Co. (NYSE:CI) by 15.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,230 shares of the health services provider’s stock after buying an additional 832 shares during the period. Point View Wealth Management Inc.’s holdings in CIGNA were worth $913,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Live Your Vision LLC purchased a new position in shares of CIGNA during the third quarter valued at approximately $113,000. Baystate Wealth Management LLC boosted its stake in CIGNA by 436.1% in the first quarter. Baystate Wealth Management LLC now owns 772 shares of the health services provider’s stock valued at $116,000 after buying an additional 628 shares during the period. SRB Corp boosted its stake in CIGNA by 5.8% in the third quarter. SRB Corp now owns 1,181 shares of the health services provider’s stock valued at $154,000 after buying an additional 65 shares during the period. Private Trust Co. NA bought a new stake in CIGNA during the first quarter valued at $205,000. Finally, Verity & Verity LLC bought a new stake in CIGNA during the first quarter valued at $214,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Shares of CIGNA Co. (NYSE:CI) opened at 164.76 on Tuesday. CIGNA Co. has a one year low of $115.03 and a one year high of $165.59. The firm’s 50-day moving average is $159.18 and its 200-day moving average is $148.31. The stock has a market capitalization of $42.18 billion, a PE ratio of 22.00 and a beta of 0.53.
CI has been the topic of several research reports. Deutsche Bank AG began coverage on shares of CIGNA in a research report on Wednesday, April 5th. They set a “buy” rating and a $172.00 price objective on the stock. Bank of America Corp began coverage on shares of CIGNA in a research report on Monday, March 13th. They issued a “buy” rating and a $175.00 target price on the stock. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “buy” rating and issued a $183.00 target price (up previously from $178.00) on shares of CIGNA in a research report on Friday, May 5th. Stifel Nicolaus boosted their price objective on shares of CIGNA from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of CIGNA from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $168.79. In other CIGNA news, Director Jane E. Md Henney sold 600 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $156.92, for a total value of $94,152.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason D. Sadler sold 4,213 shares of CIGNA stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $152.01, for a total value of $640,418.13. Following the completion of the transaction, the insider now directly owns 36,231 shares in the company, valued at $5,507,474.31. The disclosure for this sale can be found here. Insiders sold 36,580 shares of company stock valued at $5,836,087 in the last quarter. 1.20% of the stock is currently owned by company insiders.
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