Swedbank buys $557,729,198 stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Swedbank scooped up 12,674 additional shares in CIGNA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 3,820,063 shares of CIGNA Corporation which is valued at $557,729,198.CIGNA Corporation makes up approximately 4.50% of Swedbank’s portfolio.

Other Hedge Funds, Including , Kanaly Trust Co boosted its stake in CI in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 245 shares of CIGNA Corporation which is valued at $35,770. CIGNA Corporation makes up approx 0.01% of Kanaly Trust Co’s portfolio. Quantres Asset Management Ltd added CI to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $248,200. CIGNA Corporation makes up approx 0.15% of Quantres Asset Management Ltd’s portfolio.

CIGNA Corporation closed down -2.14 points or -1.55% at $135.99 with 19,94,577 shares getting traded on Thursday. Post opening the session at $137.74, the shares hit an intraday low of $135.94 and an intraday high of $138.78 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. Stifel Initiated CIGNA Corporation on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $169.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.

Leave a Reply

CIGNA Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on CIGNA Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.