Lumina Fund Management adds CIGNA Corporation (CI) to its portfolio

CIGNA Corporation (CI) : Lumina Fund Management added new position in CIGNA Corporation during the most recent quarter end. The investment management firm now holds 5,000 shares of CIGNA Corporation which is valued at $666,550 , the company said in a statement filed on Aug 12, 2016 with the SEC.CIGNA Corporation makes up approximately 0.07% of Lumina Fund Management’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors boosted its stake in CI in the latest quarter, The investment management firm added 49,894 additional shares and now holds a total of 313,311 shares of CIGNA Corporation which is valued at $41,767,489. CIGNA Corporation makes up approx 1.09% of Great Lakes Advisors’s portfolio.Analytic Investors reduced its stake in CI by selling 35 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 11,561 shares of CI which is valued at $1,541,197. CIGNA Corporation makes up approx 0.02% of Analytic Investors’s portfolio.Asset Advisors Corp boosted its stake in CI in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 31,565 shares of CIGNA Corporation which is valued at $3,932,999. CIGNA Corporation makes up approx 0.82% of Asset Advisors Corp’s portfolio.First Midwest Bank Trust Division reduced its stake in CI by selling 140 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 3,740 shares of CI which is valued at $516,606. CIGNA Corporation makes up approx 0.06% of First Midwest Bank Trust Division’s portfolio.Shell Asset Management Co boosted its stake in CI in the latest quarter, The investment management firm added 26,366 additional shares and now holds a total of 61,791 shares of CIGNA Corporation which is valued at $8,535,191. CIGNA Corporation makes up approx 0.20% of Shell Asset Management Co’s portfolio.

CIGNA Corporation opened for trading at $127.62 and hit $129.22 on the upside on Monday, eventually ending the session at $128.49, with a gain of 0.66% or 0.84 points. The heightened volatility saw the trading volume jump to 5,15,658 shares. Company has a market cap of $32,967 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.

Many Wall Street Analysts have commented on CIGNA Corporation. Stifel Initiated CIGNA Corporation on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $169.Company shares were Reiterated by RBC Capital Mkts on May 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 174 from a previous price target of $169 .

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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