CIGNA Corporation (CI) : Hall Laurie J Trustee reduced its stake in CIGNA Corporation by 21.2% during the most recent quarter end. The investment management company now holds a total of 20,413 shares of CIGNA Corporation which is valued at $2,657,568 after selling 5,493 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.CIGNA Corporation makes up approximately 1.72% of Hall Laurie J Trustee’s portfolio.
Other Hedge Funds, Including , Atria Investments reduced its stake in CI by selling 1,194 shares or 37.38% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of CI which is valued at $260,380. CIGNA Corporation makes up approx 0.03% of Atria Investments’s portfolio.British Columbia Investment Management Corp boosted its stake in CI in the latest quarter, The investment management firm added 5,093 additional shares and now holds a total of 181,354 shares of CIGNA Corporation which is valued at $23,503,478. CIGNA Corporation makes up approx 0.20% of British Columbia Investment Management Corp’s portfolio.Raymond James Trust N.a. boosted its stake in CI in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 17,413 shares of CIGNA Corporation which is valued at $2,256,725. CIGNA Corporation makes up approx 0.19% of Raymond James Trust N.a.’s portfolio.
CIGNA Corporation opened for trading at $130.47 and hit $133.48 on the upside on Friday, eventually ending the session at $131.67, with a gain of 1.28% or 1.66 points. The heightened volatility saw the trading volume jump to 24,96,529 shares. Company has a market cap of $33,775 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. 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 (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.