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Arrowstreet Capital cuts Cigna shares by 27.3%, as the health insurer misses earnings estimates.
Arrowstreet Capital Limited Partnership reduced its holdings in The Cigna Group (NYSE:CI) by 27.3% in the fourth quarter, selling 655,969 shares to own 1,744,197 shares.
Cigna reported $6.64 EPS, missing estimates by $1.20.
The company has a market cap of $88.94 billion, a PE ratio of 26.55, and a dividend yield of 1.86%.
Analysts have a consensus "Buy" rating with a target price of $373.25.
Insiders have sold a significant amount of stock over the past quarter.
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Arrowstreet Capital reduce las acciones de Cigna en un 27,3%, ya que la aseguradora de salud pierde las estimaciones de ganancias.