Jefferies Maintains CIGNA Corporation to Buy with Price Target $153.00

Brokerage firm Jefferies Maintains its rating on CIGNA Corporation(NYSE:CI). In a research note issued to the investors, the brokerage major Lowers the price-target to $153.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 1, 2016.

In a different note, Stifel Nicolaus said it Initiates Coverage on CIGNA Corporation, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Buy’ by the firm.

CIGNA Corporation (CI) shares turned negative on Mondays trading session with the shares closing down -0.11 points or -0.09% at a volume of 9,93,596. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $129.02. The peak price level was also seen at $129.02 while the days lowest was $126.73. Finally the shares closed at $128.39. The 52-week high of the shares is $149.86 while the 52-week low is $121.87. According to the latest information available, the market cap of the company is $32,941 M.

CIGNA Corporation(CI) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.96B. Analysts had an estimated revenue of $9.98B. Earnings per share were $1.98. Analysts had estimated an EPS of $2.39.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, David Cordani (President & CEO) sold 71,006 shares at $139.16 per share price.Also, On Mar 8, 2016, Matthew G Manders (Pres. US Comm Mkts & Gbl HC Op) sold 14,586 shares at $139.09 per share price.On Dec 14, 2015, John Partridge (director) purchased 8,820 shares at $139.40 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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