Advent Capital Management De Lowers stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Advent Capital Management De reduced its stake in CIGNA Corporation by 17.39% during the most recent quarter end. The investment management company now holds a total of 57,000 shares of CIGNA Corporation which is valued at $7.3 Million after selling 12,000 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.CIGNA Corporation makes up approximately 0.91% of Advent Capital Management De’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in CI by selling 10,537 shares or 9.62% in the most recent quarter. The Hedge Fund company now holds 98,963 shares of CI which is valued at $12.7 Million. CIGNA Corporation makes up approx 0.03% of Caisse De Depot Et Placement Du Quebec’s portfolio. Spot Trading L.l.c sold out all of its stake in CI during the most recent quarter. The investment firm sold 21,794 shares of CI which is valued $2.8 Million.Utah Retirement Systems boosted its stake in CI in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 46,331 shares of CIGNA Corporation which is valued at $5.9 Million. CIGNA Corporation makes up approx 0.16% of Utah Retirement Systems’s portfolio.Gyroscope Capital Management Group reduced its stake in CI by selling 19 shares or 0.13% in the most recent quarter. The Hedge Fund company now holds 14,305 shares of CI which is valued at $1.8 Million. CIGNA Corporation makes up approx 1.42% of Gyroscope Capital Management Group’s portfolio.

CIGNA Corporation opened for trading at $126.13 and hit $129.87 on the upside on Wednesday, eventually ending the session at $129.3, with a gain of 3.60% or 4.49 points. The heightened volatility saw the trading volume jump to 34,54,979 shares. Company has a market cap of $33,167 M.

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.

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.