Today’s Ownership Action: 0.76 is Cigna Corp’s (NYSE:CI) Institutional Investor Sentiment

November 25, 2016 - By Dolores Ford   ·   0 Comments

Today's Ownership Action: 0.76 is Cigna Corp's (NYSE:CI) Institutional Investor Sentiment

Sentiment for Cigna Corp (NYSE:CI)

Cigna Corp (NYSE:CI) institutional sentiment decreased to 0.76 in Q2 2016. Its down -0.10, from 0.86 in 2016Q1. The ratio is negative, as 267 investment professionals increased and started new holdings, while 312 cut down and sold positions in Cigna Corp. The investment professionals in our partner’s database now possess: 211.52 million shares, down from 223.92 million shares in 2016Q1. Also, the number of investment professionals holding Cigna Corp in their top 10 holdings decreased from 21 to 13 for a decrease of 8. Sold All: 74 Reduced: 238 Increased: 225 New Position: 42.

Cigna Corporation , together with its subsidiaries, is a health services company. The company has a market cap of $35.67 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 18.91 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate.

About 99,284 shares traded hands. CIGNA Corporation (NYSE:CI) has declined 1.61% since April 22, 2016 and is downtrending. It has underperformed by 7.02% the S&P500.

Analysts await CIGNA Corporation (NYSE:CI) to report earnings on February, 2. They expect $1.75 EPS, down 6.42% or $0.12 from last year’s $1.87 per share. CI’s profit will be $448.63M for 19.88 P/E if the $1.75 EPS becomes a reality. After $1.94 actual EPS reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -9.79% negative EPS growth.

According to Zacks Investment Research, “CIGNA Corporation is an investor-owned employee benefits organizations in the United States. Its subsidiaries are major providers of health care products and services, group life, accident and disability insurance, retirement products and services and investment management. CIGNA conducts its business through the following operating divisions: Employee Health Care, Life and Disability Benefits; Employee Retirement Benefits and Investment Services; International Life, Health and Employee Benefits; and Other Operations.”

Salzman & Co. Inc. holds 36.23% of its portfolio in CIGNA Corporation for 61,324 shares. Redwood Capital Management Llc owns 562,130 shares or 11.77% of their US portfolio. Moreover, Roystone Capital Management Lp has 7.55% invested in the company for 936,600 shares. The Massachusetts-based Par Capital Management Inc has invested 6.41% in the stock. Fir Tree Inc., a New York-based fund reported 1.11 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 selling transactions for $10.13 million net activity.

CIGNA Corporation (NYSE:CI) Ratings Coverage

Ratings analysis reveals 67% of CIGNA’s analysts are positive. Out of 9 Wall Street analysts rating CIGNA, 6 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $134 while the high is $182. The stock’s average target of $159.80 is 14.85% above today’s ($139.14) share price. CI was included in 14 notes of analysts from July 27, 2015. The rating was downgraded by Zacks on Wednesday, August 5 to “Buy”. RBC Capital Markets maintained the shares of CI in a report on Monday, November 9 with “Sector Perform” rating. Jefferies upgraded the stock to “Buy” rating in Friday, January 8 report. Stifel Nicolaus initiated the stock with “Buy” rating in Tuesday, June 28 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, September 16. The stock of CIGNA Corporation (NYSE:CI) has “Buy” rating given on Friday, October 2 by Citigroup. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, August 18. Evercore initiated it with “Hold” rating and $134 target price in Friday, September 23 report. The firm has “Buy” rating given on Monday, July 27 by Sterne Agee CRT. As per Wednesday, January 6, the company rating was maintained by Barclays Capital.

CI Company Profile

Cigna Corporation (Cigna), incorporated on November 3, 1981, together with its subsidiaries, is a health services company. The Firm offers medical, dental, disability, life and accident insurance and related services and products. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate. The Company’s products are offered through employers and other groups, such as Governmental and non-Governmental organizations, unions and associations. Cigna also offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals in the United States and international markets. The Company’s other business include corporate-owned life insurance business (COLI), run-off reinsurance and settlement annuity businesses.

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By Dolores Ford


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