Gyroscope Capital Management Group Lowers stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Gyroscope Capital Management Group reduced its stake in CIGNA Corporation by 0.24% during the most recent quarter end. The investment management company now holds a total of 14,271 shares of CIGNA Corporation which is valued at $1,806,994 after selling 34 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.CIGNA Corporation makes up approximately 1.41% of Gyroscope Capital Management Group’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. reduced its stake in CI by selling 119,749 shares or 72.78% in the most recent quarter. The Hedge Fund company now holds 44,784 shares of CI which is valued at $5,670,550. CIGNA Corporation makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.First Trust Advisors Lp reduced its stake in CI by selling 146,417 shares or 50.9% in the most recent quarter. The Hedge Fund company now holds 141,241 shares of CI which is valued at $18,149,469. CIGNA Corporation makes up approx 0.06% of First Trust Advisors Lp’s portfolio.Capital One National Association boosted its stake in CI in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 1,868 shares of CIGNA Corporation which is valued at $248,649. CIGNA Corporation makes up approx 0.02% of Capital One National Association’s portfolio.Hall Laurie J Trustee reduced its stake in CI by selling 5,493 shares or 21.2% in the most recent quarter. The Hedge Fund company now holds 20,413 shares of CI which is valued at $2,657,568. CIGNA Corporation makes up approx 1.72% of Hall Laurie J Trustee’s portfolio.

CIGNA Corporation closed down -0.68 points or -0.51% at $132.63 with 18,22,390 shares getting traded on Monday. Post opening the session at $132.69, the shares hit an intraday low of $130.56 and an intraday high of $133.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CIGNA Corporation reported $1.98 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $2.39. The company had revenue of $9960.00 million for the quarter, compared to analysts expectations of $9950.18 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 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.

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