Ota Financial Group adds CIGNA Corporation (CI) to its portfolio

CIGNA Corporation (CI) : Ota Financial Group added new position in CIGNA Corporation during the most recent quarter end. The investment management firm now holds 25,304 shares of CIGNA Corporation which is valued at $3.3 Million , the company said in a statement filed on May 27, 2016 with the SEC.CIGNA Corporation makes up approximately 8.54% of Ota Financial Group’s portfolio.

Other Hedge Funds, Including , Sector Gamma As boosted its stake in CI in the latest quarter, The investment management firm added 9,590 additional shares and now holds a total of 99,610 shares of CIGNA Corporation which is valued at $12.8 Million. CIGNA Corporation makes up approx 2.41% of Sector Gamma As’s portfolio.Adage Capital Partners Gp L.l.c. boosted its stake in CI in the latest quarter, The investment management firm added 17,200 additional shares and now holds a total of 756,763 shares of CIGNA Corporation which is valued at $99.3 Million. CIGNA Corporation makes up approx 0.27% of Adage Capital Partners Gp L.l.c.’s portfolio.Visium Asset Management Lp boosted its stake in CI in the latest quarter, The investment management firm added 271,053 additional shares and now holds a total of 518,635 shares of CIGNA Corporation which is valued at $68.1 Million. CIGNA Corporation makes up approx 1.25% of Visium Asset Management Lp’s portfolio.Cantab Capital Partners Llp boosted its stake in CI in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 615 shares of CIGNA Corporation which is valued at $78,941. CIGNA Corporation makes up approx 0.02% of Cantab Capital Partners Llp’s portfolio.Massachusetts Financial Services Co boosted its stake in CI in the latest quarter, The investment management firm added 2,429,177 additional shares and now holds a total of 2,468,469 shares of CIGNA Corporation which is valued at $316.9 Million. CIGNA Corporation makes up approx 0.16% of Massachusetts Financial Services Co’s portfolio.

CIGNA Corporation closed down -0.77 points or -0.59% at $128.86 with 11,89,762 shares getting traded on Tuesday. Post opening the session at $129.16, the shares hit an intraday low of $128.67 and an intraday high of $130.5 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, CIGNA Corporation reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on May 6, 2016. Analyst had a consensus of $2.15. The company had revenue of $9884.00 million for the quarter, compared to analysts expectations of $9961.51 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS.

Many Wall Street Analysts have commented on CIGNA Corporation. Company shares were Reiterated by RBC Capital Mkts on May 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 174 from a previous price target of $169 .

Cigna Corporation (Cigna) together with its subsidiaries is a health services company. The Company offers medical dental disability life and accident insurance and related products and services. The Company operates in three segments: Global Health Care Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance group life insurance accident and specialty insurance and related services. Cigna offers commercial health and dental insurance Medicare and Medicaid products and health life and accident insurance coverages to individuals. It offers personal accident insurance coverage consisting of accidental death and dismemberment and travel accident insurance.

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