CIGNA Corporation (CI) : Highland Capital Management reduced its stake in CIGNA Corporation by 12.92% during the most recent quarter end. The investment management company now holds a total of 88,426 shares of CIGNA Corporation which is valued at $12,083,413 after selling 13,116 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.CIGNA Corporation makes up approximately 1.02% of Highland Capital Management’s portfolio.
CIGNA Corporation closed down -0.93 points or -0.66% at $140.34 with 7,47,841 shares getting traded on Wednesday. Post opening the session at $141.35, the shares hit an intraday low of $139.73 and an intraday high of $142.825 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Sentinel Trust Co Lba reduced its stake in CI by selling 102 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 10,684 shares of CI which is valued at $1,459,969. CIGNA Corporation makes up approx 0.22% of Sentinel Trust Co Lba’s portfolio. Lenox Wealth Advisors sold out all of its stake in CI during the most recent quarter. The investment firm sold 43 shares of CI which is valued $5,876.Creative Planning reduced its stake in CI by selling 1,223 shares or 7.62% in the most recent quarter. The Hedge Fund company now holds 14,817 shares of CI which is valued at $1,956,585. CIGNA Corporation makes up approx 0.02% of Creative Planning’s portfolio.Chevy Chase Trust Holdings boosted its stake in CI in the latest quarter, The investment management firm added 3,467 additional shares and now holds a total of 216,253 shares of CIGNA Corporation which is valued at $28,556,209. CIGNA Corporation makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.
On the company’s financial health, CIGNA Corporation reported $1.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.79. The company had revenue of $9528.00 million for the quarter, compared to analysts expectations of $9525.21 million. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 EPS.
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.