Gmt Capital Corp Lowers stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Gmt Capital Corp reduced its stake in CIGNA Corporation by 2.91% during the most recent quarter end. The investment management company now holds a total of 723,000 shares of CIGNA Corporation which is valued at $92.8 Million after selling 21,700 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.CIGNA Corporation makes up approximately 2.36% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Essex Financial Services boosted its stake in CI in the latest quarter, The investment management firm added 1,185 additional shares and now holds a total of 9,922 shares of CIGNA Corporation which is valued at $1.3 Million. CIGNA Corporation makes up approx 0.31% of Essex Financial Services’s portfolio.Profund Advisors reduced its stake in CI by selling 2,431 shares or 16.54% in the most recent quarter. The Hedge Fund company now holds 12,264 shares of CI which is valued at $1.6 Million. CIGNA Corporation makes up approx 0.08% of Profund Advisors’s portfolio.Retirement Systems Of Alabama reduced its stake in CI by selling 3,497 shares or 2.62% in the most recent quarter. The Hedge Fund company now holds 130,087 shares of CI which is valued at $18 Million. CIGNA Corporation makes up approx 0.11% of Retirement Systems Of Alabama’s portfolio.First Midwest Bank Trust Division reduced its stake in CI by selling 10,251 shares or 72.54% in the most recent quarter. The Hedge Fund company now holds 3,880 shares of CI which is valued at $537,535. CIGNA Corporation makes up approx 0.07% of First Midwest Bank Trust Division’s portfolio.

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.

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.

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