Cigna Investments Inc. New Has $1.31 Million Holdings in Capital One Financial Corporation $COF

Key Points

• Cigna Investments Inc. increased its holdings in Capital One Financial Corporation by 60.8% during the second quarter, now owning shares worth approximately $1.31 million.
• Analysts have a positive outlook on Capital One, with multiple firms upgrading its rating and setting price targets as high as $290, reflecting strong confidence in the company's future performance.
• Insider selling activity was noted, with key executives reducing their shareholdings, which may indicate varying perspectives on the company's upcoming performance.

Cigna Investments Inc. New lifted its holdings in Capital One Financial Corporation (NYSE:COF) by 60.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,171 shares of the financial services provider's stock after acquiring an additional 2,333 shares during the period. Cigna Investments Inc. New's holdings in Capital One Financial were worth $1,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. tru Independence LLC grew its stake in Capital One Financial by 1.7% during the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider's stock worth $681,000 after buying an additional 55 shares in the last quarter. CHB Investment Group LLC acquired a new stake in Capital One Financial during the second quarter worth about $217,000. Charter Capital Management LLC DE acquired a new stake in Capital One Financial during the second quarter worth about $246,000. Norden Group LLC grew its stake in Capital One Financial by 30.9% during the second quarter. Norden Group LLC now owns 2,738 shares of the financial services provider's stock worth $583,000 after buying an additional 647 shares in the last quarter. Finally, Maseco LLP acquired a new stake in Capital One Financial during the second quarter worth about $81,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COF shares. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $184.00 to $258.00 in a research note on Tuesday, July 8th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a "buy" rating and a $290.00 price target on the stock. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 23rd. Finally, Barclays restated an "overweight" rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Insider Activity

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 in the last 90 days. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Down 1.1%

Shares of NYSE COF opened at $223.00 on Wednesday. The company has a 50 day simple moving average of $218.93 and a 200 day simple moving average of $198.36. The firm has a market cap of $142.61 billion, a PE ratio of 114.36, a price-to-earnings-growth ratio of 0.87 and a beta of 1.17. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 EPS. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's dividend payout ratio (DPR) is presently 123.08%.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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