CIGNA Corporation (CI) : First Mercantile Trust Co reduced its stake in CIGNA Corporation by 6.79% during the most recent quarter end. The investment management company now holds a total of 22,654 shares of CIGNA Corporation which is valued at $2,882,268 after selling 1,650 shares in CIGNA Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.CIGNA Corporation makes up approximately 0.39% of First Mercantile Trust Co’s portfolio.
Other Hedge Funds, Including , Advisory Services Network boosted its stake in CI in the latest quarter, The investment management firm added 27 additional shares and now holds a total of 133 shares of CIGNA Corporation which is valued at $16,922.Chevy Chase Trust Holdings reduced its stake in CI by selling 4,860 shares or 2.21% in the most recent quarter. The Hedge Fund company now holds 214,598 shares of CI which is valued at $27,273,260. CIGNA Corporation makes up approx 0.15% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CI by selling 6,230 shares or 13.24% in the most recent quarter. The Hedge Fund company now holds 40,810 shares of CI which is valued at $5,186,543. CIGNA Corporation makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management boosted its stake in CI in the latest quarter, The investment management firm added 214 additional shares and now holds a total of 3,976 shares of CIGNA Corporation which is valued at $505,310. CIGNA Corporation makes up approx 0.03% of Eqis Capital Management’s portfolio.
CIGNA Corporation opened for trading at $127.45 and hit $128.16 on the upside on Friday, eventually ending the session at $127.23, with a gain of 0.26% or 0.33 points. The heightened volatility saw the trading volume jump to 6,70,283 shares. Company has a market cap of $32,643 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.
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.