Cigna Corp. (NYSE:CI) – Stock analysts at Leerink Swann lowered their Q4 2016 earnings estimates for shares of Cigna Corp. in a report issued on Monday. Leerink Swann analyst A. Gupte now anticipates that the brokerage will post earnings of $1.83 per share for the quarter, down from their previous forecast of $1.84. Leerink Swann currently has a “Buy” rating and a $155.00 target price on the stock.

CI has been the topic of several other reports. Stifel Nicolaus assumed coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued a “buy” rating and a $169.00 target price on the stock. Wolfe Research assumed coverage on shares of Cigna Corp. in a report on Tuesday, June 28th. They issued an “outperform” rating and a $172.00 target price on the stock. Zacks Investment Research raised shares of Cigna Corp. from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a report on Tuesday, July 5th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $149.00 target price on shares of Cigna Corp. in a report on Friday, July 8th. Finally, Goldman Sachs Group Inc. raised shares of Cigna Corp. from a “buy” rating to a “conviction-buy” rating and decreased their target price for the company from $170.00 to $165.00 in a report on Friday, July 22nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $157.65.

Earnings History and Estimates for Cigna Corp. (NYSE:CI)

Cigna Corp. (NYSE:CI) opened at 123.65 on Tuesday. The stock’s 50 day moving average is $127.91 and its 200-day moving average is $130.73. Cigna Corp. has a 12 month low of $116.30 and a 12 month high of $148.99. The firm has a market capitalization of $31.72 billion, a price-to-earnings ratio of 16.04 and a beta of 0.43.

Cigna Corp. (NYSE:CI) last announced its earnings results on Friday, July 29th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.39 by $0.41. Cigna Corp. had a return on equity of 17.60% and a net margin of 5.16%. The company had revenue of $9.89 billion for the quarter, compared to analyst estimates of $9.98 billion. During the same quarter in the previous year, the company posted $2.55 earnings per share. Cigna Corp.’s revenue for the quarter was up 4.9% on a year-over-year basis.

Several hedge funds and other institutional investors have recently modified their holdings of CI. Marco Investment Management LLC increased its position in shares of Cigna Corp. by 0.6% in the second quarter. Marco Investment Management LLC now owns 1,585 shares of the company’s stock worth $203,000 after buying an additional 10 shares during the period. Private Trust Co. NA raised its stake in Cigna Corp. by 0.7% in the third quarter. Private Trust Co. NA now owns 1,702 shares of the company’s stock valued at $221,000 after buying an additional 11 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in Cigna Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,624 shares of the company’s stock valued at $336,000 after buying an additional 17 shares in the last quarter. Synovus Financial Corp raised its stake in Cigna Corp. by 0.7% in the second quarter. Synovus Financial Corp now owns 3,285 shares of the company’s stock valued at $420,000 after buying an additional 24 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Cigna Corp. by 0.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,461 shares of the company’s stock valued at $744,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

In other news, VP Mary T. Hoeltzel sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $132.28, for a total value of $66,140.00. Following the transaction, the vice president now owns 4,017 shares in the company, valued at approximately $531,368.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Cigna Corp. Company Profile

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’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate.

5 Day Chart for NYSE:CI

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