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Baker Tilly Wealth Management LLC Boosts Holdings in Cigna Co. (NYSE:CI)

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Baker Tilly Wealth Management LLC raised its holdings in Cigna Co. (NYSE:CI) by 29.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,008 shares of the health services provider’s stock after buying an additional 685 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Cigna were worth $602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CI. Samalin Investment Counsel LLC purchased a new stake in shares of Cigna during the 2nd quarter worth about $29,000. Financial Insights Inc. purchased a new stake in shares of Cigna during the 2nd quarter worth about $31,000. Liberty Wealth Management LLC grew its holdings in shares of Cigna by 19,515.4% during the 2nd quarter. Liberty Wealth Management LLC now owns 7,650 shares of the health services provider’s stock worth $32,000 after purchasing an additional 7,611 shares during the period. Wolff Wiese Magana LLC grew its holdings in shares of Cigna by 203.7% during the 3rd quarter. Wolff Wiese Magana LLC now owns 164 shares of the health services provider’s stock worth $33,000 after purchasing an additional 110 shares during the period. Finally, Tompkins Financial Corp purchased a new stake in shares of Cigna during the 3rd quarter worth about $38,000. Institutional investors own 87.09% of the company’s stock.

CI stock opened at $225.89 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.67. The firm has a market cap of $74.87 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.97 and a beta of 0.87. Cigna Co. has a 12-month low of $190.88 and a 12-month high of $272.81. The stock’s 50 day simple moving average is $213.12 and its 200 day simple moving average is $217.18.

Cigna (NYSE:CI) last posted its quarterly earnings results on Thursday, November 4th. The health services provider reported $5.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.23 by $0.50. The business had revenue of $44.30 billion for the quarter, compared to analyst estimates of $42.88 billion. Cigna had a return on equity of 13.72% and a net margin of 4.93%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $4.41 EPS. On average, research analysts forecast that Cigna Co. will post 20.41 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 22nd. Investors of record on Tuesday, December 7th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Monday, December 6th. Cigna’s dividend payout ratio is currently 16.81%.

CI has been the subject of a number of analyst reports. Morgan Stanley cut Cigna from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $255.00 to $238.00 in a report on Thursday, December 16th. Credit Suisse Group upped their price target on Cigna from $270.00 to $300.00 and gave the stock an “outperform” rating in a report on Monday, November 8th. SVB Leerink restated a “hold” rating and issued a $223.00 price target on shares of Cigna in a report on Friday, November 5th. Seaport Res Ptn restated a “buy” rating on shares of Cigna in a report on Wednesday, November 17th. Finally, Cowen initiated coverage on Cigna in a report on Thursday, September 9th. They issued a “market perform” rating and a $235.00 price target for the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $262.04.

Cigna Profile

Cigna Corp. engages 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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