In today’s session CIGNA Corporation (CI) registered an unusually high (795) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CI increase. With 795 contracts traded and 13154 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CI170120C00120000 closed last at: $21.1 or 2.4% up. About 125,636 shares traded hands. CIGNA Corporation (NYSE:CI) has declined 3.72% since April 28, 2016 and is downtrending. It has underperformed by 9.64% the S&P500.
Analysts await CIGNA Corporation (NYSE:CI) to report earnings on February, 2. They expect $1.75 EPS, down 6.42% or $0.12 from last year’s $1.87 per share. CI’s profit will be $437.79M for 19.40 P/E if the $1.75 EPS becomes a reality. After $1.94 actual EPS reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -9.79% 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 17.68% above today’s ($135.79) stock price. CIGNA has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. JP Morgan initiated CIGNA Corporation (NYSE:CI) on Wednesday, September 16 with “Overweight” rating. The rating was upgraded by Sterne Agee CRT to “Buy” on Monday, July 27. The stock of CIGNA Corporation (NYSE:CI) has “Equal-Weight” rating given on Wednesday, January 6 by Barclays Capital. The firm has “Buy” rating by Citigroup given on Friday, October 2. Evercore initiated the stock with “Hold” rating in Friday, September 23 report. The stock of CIGNA Corporation (NYSE:CI) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 9. Jefferies upgraded the stock to “Buy” rating in Friday, January 8 report. The stock of CIGNA Corporation (NYSE:CI) earned “Buy” rating by Stifel Nicolaus on Tuesday, June 28. The firm has “Buy” rating given on Wednesday, August 5 by Zacks. The stock of CIGNA Corporation (NYSE:CI) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, August 18.
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 decreased to 0.76 in Q2 2016. Its down 0.10, from 0.86 in 2016Q1. The ratio fall, as 74 funds sold all CIGNA Corporation shares owned while 238 reduced positions. 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.
Factory Mutual owns 200,000 shares or 0.34% of their US portfolio. King Wealth Mgmt Grp Limited Liability Company owns 3,100 shares or 0.21% of their US portfolio. Euclid Lc last reported 0.14% of its portfolio in the stock. Investec Asset Management Ltd holds 0.89% of its portfolio in CIGNA Corporation (NYSE:CI) for 1.41M shares. Analytic Limited Liability Co last reported 11,561 shares in the company. Moreover, Tdam Usa has 0.02% invested in CIGNA Corporation (NYSE:CI) for 2,575 shares. Argent Tru accumulated 5,520 shares or 0.22% of the stock. Nichols Pratt Advisers Llp Ma has 0.12% invested in the company for 10,350 shares. Stanley holds 0.74% of its portfolio in CIGNA Corporation (NYSE:CI) for 14,880 shares. Atria Invs Limited Liability accumulated 0.03% or 2,000 shares. Guggenheim Cap Ltd Co has 381,981 shares for 0.15% of their US portfolio. Renaissance Lc has 1.27% invested in the company for 232,582 shares. Meyer Handelman Communications holds 0.08% of its portfolio in CIGNA Corporation (NYSE:CI) for 13,220 shares. Rafferty Asset Mngmt Ltd Company accumulated 4,453 shares or 0.04% of the stock. The California-based Pillar Pacific Capital Mgmt Ltd Liability has invested 0.11% in CIGNA Corporation (NYSE:CI).
Insider Transactions: Since August 17, 2016, the stock had 0 insider purchases, and 5 insider sales for $10.13 million net activity. Shares for $7.36 million were sold by MURABITO JOHN M on Monday, November 7. 15,548 shares were sold by Bacus Lisa R, worth $2.14 million on Tuesday, November 15. The insider Hoeltzel Mary T sold 500 shares worth $66,138. HENNEY JANE E MD had sold 600 shares worth $79,200 on Wednesday, November 9. Sadler Jason D also sold $487,200 worth of CIGNA Corporation (NYSE:CI) on Monday, October 31.
Cigna Corporation , together with its subsidiaries, is a health services company. The company has a market cap of $33.97 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 18.46 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.
Another recent and important CIGNA Corporation (NYSE:CI) news was published by Equitiesfocus.com which published an article titled: “Cigna Corporation (NYSE:CI) Posted Basic Consolidated EPS Of $8.1086” on December 01, 2016.
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