In today’s session CIGNA Corporation (CI) registered an unusually high (209) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious CI increase. With 209 contracts traded and 46394 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: CI161021C00135000 closed last at: $0.12 or 73.9% down. About 35,683 shares traded hands. CIGNA Corporation (NYSE:CI) has declined 16.22% since March 11, 2016 and is downtrending. It has underperformed by 21.68% the S&P500.
Analysts await CIGNA Corporation (NYSE:CI) to report earnings on November, 4. They expect $1.90 earnings per share, down 16.67% or $0.38 from last year’s $2.28 per share. CI’s profit will be $484.23M for 16.05 P/E if the $1.90 EPS becomes a reality. After $1.98 actual earnings per share reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -4.04% negative EPS growth.
CIGNA Corporation (NYSE:CI) Ratings Coverage
Out of 9 analysts covering CIGNA (NYSE:CI), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. $182 is the highest target while $134 is the lowest. The $159.80 average target is 30.99% above today’s ($121.99) stock price. CIGNA has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Citigroup given on Friday, October 2. The rating was initiated by Evercore on Friday, September 23 with “Hold”. Sterne Agee CRT upgraded CIGNA Corporation (NYSE:CI) on Monday, July 27 to “Buy” rating. The firm earned “Buy” rating on Friday, January 8 by Jefferies. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, November 9 report. Zacks downgraded CIGNA Corporation (NYSE:CI) on Wednesday, August 5 to “Buy” rating. As per Tuesday, June 28, the company rating was initiated by Stifel Nicolaus. The stock of CIGNA Corporation (NYSE:CI) has “Overweight” rating given on Wednesday, September 16 by JP Morgan. The rating was maintained by Barclays Capital on Wednesday, January 6 with “Equal-Weight”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, August 18 report.
According to Zacks Investment Research, “CIGNA Corporation is an investor-owned employee benefits organizations in the United States. Its subsidiaries are major providers of health care products and services, group life, accident and disability insurance, retirement products and services and investment management. CIGNA conducts its business through the following operating divisions: Employee Health Care, Life and Disability Benefits; Employee Retirement Benefits and Investment Services; International Life, Health and Employee Benefits; and Other Operations.”
Insitutional Activity: The institutional sentiment is 0.86 in Q2 2016. Its the same as in 2016Q1. The ratio is flat, as 74 funds sold all CIGNA Corporation shares owned while 238 reduced positions. only 42 funds bought stakes while 225 increased positions. They now own 211.52 million shares or 5.54% less from 223.92 million shares in 2016Q1.
Moreover, Pinebridge Invs L P has 0.29% invested in CIGNA Corporation (NYSE:CI) for 43,660 shares. Brandywine Global Inv Management Ltd Liability holds 0.13% of its portfolio in CIGNA Corporation (NYSE:CI) for 145,362 shares. Kistler holds 0.43% of its portfolio in CIGNA Corporation (NYSE:CI) for 6,511 shares. Cqs Cayman Lp has invested 0.07% of its portfolio in CIGNA Corporation (NYSE:CI). Moreover, Savings Bank Of Stockton has 0.28% invested in CIGNA Corporation (NYSE:CI) for 4,135 shares. Wells Fargo Mn reported 1.75 million shares or 0.09% of all its holdings. Sector Pension Board holds 48,616 shares or 0.07% of its portfolio. Hightower Advsr Ltd Liability Company last reported 0.08% of its portfolio in the stock. Moreover, Landscape Cap Mgmt Limited Com has 0.16% invested in CIGNA Corporation (NYSE:CI) for 9,611 shares. Mitsubishi Ufj & Banking Corporation has invested 0.16% of its portfolio in CIGNA Corporation (NYSE:CI). Quinn Opportunity Limited Company holds 1.05% or 21,000 shares in its portfolio. Moreover, Fil has 1.03% invested in CIGNA Corporation (NYSE:CI) for 2.52M shares. Hillsdale Inv Mngmt Inc holds 0.08% of its portfolio in CIGNA Corporation (NYSE:CI) for 2,170 shares. Us Financial Bank De last reported 126,355 shares in the company. Fiera Cap Corp holds 0% of its portfolio in CIGNA Corporation (NYSE:CI) for 4,377 shares.
Insider Transactions: Since August 17, 2016, the stock had 0 buys, and 1 sale for $66,138 net activity. Hoeltzel Mary T had sold 500 shares worth $66,138.
Cigna Corporation , together with its subsidiaries, is a health services company. The company has a market cap of $31.09 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 15.84 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate.
CI Company Profile
Cigna Corporation (Cigna), incorporated on November 3, 1981, together with its subsidiaries, is a health services company. The Firm offers medical, dental, disability, life and accident insurance and related services and products. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate. The Company’s products are offered through employers and other groups, such as Governmental and non-Governmental organizations, unions and associations. Cigna also offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals in the United States and international markets. The Company’s other business include corporate-owned life insurance business (COLI), run-off reinsurance and settlement annuity businesses.
More news for CIGNA Corporation (NYSE:CI) were recently published by: Businesswire.com, which released: “Cigna Corporation’s Third Quarter 2016 Earnings Release Details” on October 05, 2016. Businesswire.com‘s article titled: “Cigna Corporation Announces Appearance at the Credit Suisse 25th Annual …” and published on October 05, 2016 is yet another important article.
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