Cigna Investments Inc. New Purchases Shares of 2,815 United Airlines Holdings, Inc. (NASDAQ:UAL)

Cigna Investments Inc. New acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,815 shares of the transportation company’s stock, valued at approximately $273,000.

Several other institutional investors also recently modified their holdings of the stock. Essex Financial Services Inc. bought a new position in shares of United Airlines in the 4th quarter worth $246,000. Mill Creek Capital Advisors LLC purchased a new position in United Airlines in the fourth quarter worth $258,000. Savant Capital LLC increased its stake in United Airlines by 16.0% in the fourth quarter. Savant Capital LLC now owns 11,719 shares of the transportation company’s stock valued at $1,138,000 after acquiring an additional 1,614 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in United Airlines during the fourth quarter valued at about $636,000. Finally, Empowered Funds LLC lifted its stake in United Airlines by 1,627.9% during the fourth quarter. Empowered Funds LLC now owns 85,288 shares of the transportation company’s stock worth $8,281,000 after purchasing an additional 80,352 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Citigroup upped their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Susquehanna boosted their price target on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Price Performance

Shares of UAL stock opened at $103.31 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm has a market cap of $33.98 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.71 and a beta of 1.43. The business’s 50 day moving average price is $102.05 and its 200-day moving average price is $76.19.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

United Airlines announced that its board has approved a stock repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.