Meritage Portfolio Management buys $5,395,684 stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Meritage Portfolio Management scooped up 16,801 additional shares in CIGNA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 38,046 shares of CIGNA Corporation which is valued at $5,395,684.CIGNA Corporation makes up approximately 0.61% of Meritage Portfolio Management’s portfolio.

CIGNA Corporation closed down -1.41 points or -1.00% at $139.27 with 9,74,970 shares getting traded on Wednesday. Post opening the session at $140.57, the shares hit an intraday low of $137.69 and an intraday high of $141 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Kistler-tiffany Companies reduced its stake in CI by selling 180 shares or 2.69% in the most recent quarter. The Hedge Fund company now holds 6,511 shares of CI which is valued at $859,778. CIGNA Corporation makes up approx 0.48% of Kistler-tiffany Companies’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.

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