CIGNA Corporation (CI) is Initiated by Stifel to Buy, Price Target at $169

CIGNA Corporation (CI) was Initiated by Stifel to “Buy” and the brokerage firm has set the Price Target at $169. Stifel advised their investors in a research report released on Jun 28, 2016.

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 .

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 closed down -5.62 points or -4.40% at $122.09 with 20,84,843 shares getting traded on Monday. Post opening the session at $126.7, the shares hit an intraday low of $121.87 and an intraday high of $126.795 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

CIGNA Corporation

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