CIGNA Corporation (CI) Releases Earnings Results, Misses Expectations By $-0.41 EPS

CIGNA Corporation (CI) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $1.98 earnings per share for the quarter, missing the analyst consensus estimate by $-0.41. Analysts had a consensus of $2.39. The company posted revenue of $9960.00 million in the period, compared to analysts expectations of $9950.18 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.55 EPS.

Many Wall Street Analysts have commented on CIGNA Corporation. Stifel Initiated CIGNA Corporation on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $169.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 closed down -2.14 points or -1.55% at $135.99 with 19,94,577 shares getting traded on Thursday. Post opening the session at $137.74, the shares hit an intraday low of $135.94 and an intraday high of $138.78 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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