CIGNA Corporation (CI) : Narwhal Capital Management scooped up 1,700 additional shares in CIGNA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 8,200 shares of CIGNA Corporation which is valued at $1,132,666.CIGNA Corporation makes up approximately 0.35% of Narwhal Capital Management’s portfolio.
Other Hedge Funds, Including , Conning boosted its stake in CI in the latest quarter, The investment management firm added 10 additional shares and now holds a total of 8,753 shares of CIGNA Corporation which is valued at $1,209,052. CIGNA Corporation makes up approx 0.05% of Conning’s portfolio.Winslow Evans Crocker reduced its stake in CI by selling 5 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 1,780 shares of CI which is valued at $259,880. CIGNA Corporation makes up approx 0.08% of Winslow Evans Crocker’s portfolio.Acadian Asset Management reduced its stake in CI by selling 63,746 shares or 49.76% in the most recent quarter. The Hedge Fund company now holds 64,365 shares of CI which is valued at $8,567,625. CIGNA Corporation makes up approx 0.04% of Acadian Asset Management’s portfolio.Murphy Capital Management Inc reduced its stake in CI by selling 400 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 15,115 shares of CI which is valued at $2,011,958. CIGNA Corporation makes up approx 0.30% of Murphy Capital Management Inc’s portfolio.
CIGNA Corporation closed down -7.03 points or -5.17% at $128.96 with 54,50,966 shares getting traded on Friday. Post opening the session at $128.7, the shares hit an intraday low of $127.3 and an intraday high of $130.75 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, CIGNA Corporation reported $1.98 EPS for the quarter, missing the analyst consensus estimate by $ -0.41 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $2.39. The company had revenue of $9960.00 million for the quarter, 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 (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.