Stifel Nicolaus Initiates Coverage on CIGNA Corporation to Buy

Stifel Nicolaus Initiates Coverage on CIGNA Corporation(NYSE:CI). The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Jun 28, 2016.

CIGNA Corporation (CI) made into the market gainers list on Fridays trading session with the shares advancing 0.22% or 0.28 points. Due to strong positive momentum, the stock ended at $128.27, which is also near the day’s high of $130.75. The stock began the session at $128.33 and the volume stood at 18,48,553 shares. The 52-week high of the shares is $168.36 and the 52 week low is $121.87. The company has a current market capitalization of $32,903 M and it has 25,65,13,080 shares in outstanding.

CIGNA Corporation(CI) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $9.88B. Analysts had an estimated revenue of $9.98B. Earnings per share were $2.32. Analysts had estimated an EPS of $2.15.

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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