CIGNA Corporation (CI) : Renaissance Group reduced its stake in CIGNA Corporation by 5.55% during the most recent quarter end. The investment management company now holds a total of 232,582 shares of CIGNA Corporation which is valued at $31,005,506 after selling 13,672 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.CIGNA Corporation makes up approximately 1.25% of Renaissance Group’s portfolio.
Other Hedge Funds, Including , Highpoint Advisor Group added CI to its portfolio by purchasing 5,065 company shares during the most recent quarter which is valued at $675,215. CIGNA Corporation makes up approx 0.24% of Highpoint Advisor Group’s portfolio. Suffolk Capital Management sold out all of its stake in CI during the most recent quarter. The investment firm sold 98,173 shares of CI which is valued $12,430,665. Reilly Financial Advisors added CI to its portfolio by purchasing 54 company shares during the most recent quarter which is valued at $6,728.Dupont Capital Management Corp reduced its stake in CI by selling 299 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 29,624 shares of CI which is valued at $3,691,150. CIGNA Corporation makes up approx 0.08% of Dupont Capital Management Corp’s portfolio.Stoneridge Investment Partners boosted its stake in CI in the latest quarter, The investment management firm added 1,001 additional shares and now holds a total of 37,266 shares of CIGNA Corporation which is valued at $5,147,553. CIGNA Corporation makes up approx 0.73% of Stoneridge Investment Partners’s portfolio.
CIGNA Corporation opened for trading at $132.2 and hit $133.34 on the upside on Friday, eventually ending the session at $133, with a gain of 0.29% or 0.38 points. The heightened volatility saw the trading volume jump to 10,77,917 shares. Company has a market cap of $34,124 M.
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.