Cigna (NYSE:CI – Get Rating) had its price objective hoisted by SVB Leerink from $276.00 to $305.00 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a "market perform" rating on the health services provider's stock. SVB Leerink's target price suggests a potential upside of 6.64% from the stock's current price.

A number of other analysts have also commented on the stock. Mizuho boosted their price objective on shares of Cigna from $291.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, August 5th. Stephens boosted their price objective on Cigna from $265.00 to $290.00 and gave the company an "overweight" rating in a research note on Wednesday, April 20th. The Goldman Sachs Group upped their target price on Cigna from $273.00 to $311.00 and gave the stock a "neutral" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft increased their target price on Cigna from $236.00 to $284.00 in a research note on Thursday, June 9th. Finally, Oppenheimer lifted their target price on Cigna from $310.00 to $320.00 and gave the company an "outperform" rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $304.67.

Cigna Trading Down 0.4 %

Shares of CI opened at $286.00 on Wednesday. The stock has a fifty day moving average of $266.54 and a two-hundred day moving average of $252.56. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.72 and a current ratio of 0.72. Cigna has a fifty-two week low of $191.74 and a fifty-two week high of $289.63. The company has a market capitalization of $87.26 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.12 and a beta of 0.73.

Insider Activity at Cigna

In other news, SVP Hoeltzel Mary T. Agoglia sold 7,044 shares of Cigna stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $286.89, for a total transaction of $2,020,853.16. Following the transaction, the senior vice president now directly owns 8,498 shares of the company's stock, valued at $2,437,991.22. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP Hoeltzel Mary T. Agoglia sold 7,044 shares of the company's stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $286.89, for a total transaction of $2,020,853.16. Following the completion of the transaction, the senior vice president now directly owns 8,498 shares in the company, valued at approximately $2,437,991.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jason D. Sadler sold 3,458 shares of the stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $270.00, for a total transaction of $933,660.00. Following the transaction, the insider now directly owns 31,749 shares in the company, valued at $8,572,230. The disclosure for this sale can be found here. Insiders have sold a total of 84,060 shares of company stock valued at $22,996,508 over the last quarter. 0.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cigna

A number of large investors have recently modified their holdings of the company. United Capital Financial Advisers LLC raised its stake in shares of Cigna by 17.2% during the second quarter. United Capital Financial Advisers LLC now owns 10,923 shares of the health services provider's stock worth $2,878,000 after acquiring an additional 1,605 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Cigna by 19.7% in the second quarter. Franklin Resources Inc. now owns 126,278 shares of the health services provider's stock valued at $33,278,000 after acquiring an additional 20,786 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cigna by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 18,998 shares of the health services provider's stock valued at $5,006,000 after buying an additional 110 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Cigna by 53.5% during the 2nd quarter. Cetera Advisors LLC now owns 6,842 shares of the health services provider's stock valued at $1,803,000 after buying an additional 2,385 shares in the last quarter. Finally, Moreno Evelyn V bought a new stake in shares of Cigna during the 2nd quarter valued at $204,000. 88.57% of the stock is currently owned by institutional investors.

About Cigna

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

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