CIGNA Corporation (CI) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 174 from a previous price target of $169 . RBC Capital Mkts advised their investors in a research report released on May 18, 2016.
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.
CIGNA Corporation opened for trading at $128.31 and hit $130.92 on the upside on Monday, eventually ending the session at $130.01, with a gain of 1.29% or 1.65 points. The heightened volatility saw the trading volume jump to 9,13,341 shares. Company has a market cap of $33,349 M.
In a different news, on Mar 8, 2016, David Cordani (President & CEO) sold 71,006 shares at $139.16 per share price. According to the SEC, on Mar 8, 2016, Matthew G Manders (Pres. US Comm Mkts & Gbl HC Op) sold 14,586 shares at $139.09 per share price. On Dec 14, 2015, John Partridge (director) purchased 8,820 shares at $139.40 per share price, according to the Form-4 filing with the securities and exchange commission.
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.