Short Interest Runner: How Analysts Feel About Cigna Corporation (NYSE:CI) After Increase in Sellers?

November 29, 2016 - By Vivian Park   ·   0 Comments

Short Interest Runner: How Analysts Feel About Cigna Corporation (NYSE:CI) After Increase in Sellers?

The stock of Cigna Corporation (NYSE:CI) registered an increase of 15.81% in short interest. CI’s total short interest was 1.97M shares in November as published by FINRA. Its up 15.81% from 1.70M shares, reported previously. With 1.15 million shares average volume, it will take short sellers 2 days to cover their CI’s short positions. The short interest to Cigna Corporation’s float is 0.77%. About 287,738 shares traded hands. CIGNA Corporation (NYSE:CI) has declined 2.78% since April 26, 2016 and is downtrending. It has underperformed by 8.04% the S&P500.

Cigna Corporation , together with its subsidiaries, is a health services company. The company has a market cap of $35.38 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 18.99 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, Other Operations and Corporate.

Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.10, from 0.86 in 2016Q1. The ratio worsened, as 74 funds sold all CIGNA Corporation shares owned while 238 reduced positions. 42 funds bought stakes while 225 increased positions. They now own 211.52 million shares or 5.54% less from 223.92 million shares in 2016Q1.
Duncker Streett Co has 0.11% invested in the company for 2,475 shares. Moreover, Financial Ser Corp has 0.01% invested in CIGNA Corporation (NYSE:CI) for 87 shares. State Treasurer State Of Michigan has invested 0.09% of its portfolio in CIGNA Corporation (NYSE:CI). Macquarie Grp holds 0.03% or 119,118 shares in its portfolio. Moreover, Integral Derivatives Limited Liability Com has 0.01% invested in CIGNA Corporation (NYSE:CI) for 4,833 shares. The Texas-based Teacher Retirement System Of Texas has invested 0.47% in CIGNA Corporation (NYSE:CI). Blackrock Gru Ltd has invested 0.17% of its portfolio in CIGNA Corporation (NYSE:CI). Td Asset Mngmt Incorporated accumulated 0.07% or 303,630 shares. Barrett Asset Mngmt Ltd Liability Corporation accumulated 32,121 shares or 0.36% of the stock. Aberdeen Asset Mgmt Public Ltd Liability Uk reported 135,226 shares or 0.06% of all its holdings. Pnc Fincl Gru owns 1.01M shares or 0.15% of their US portfolio. Stanley holds 0.74% of its portfolio in CIGNA Corporation (NYSE:CI) for 14,880 shares. Prudential last reported 0.09% of its portfolio in the stock. Cambridge Trust Comm has invested 0.02% of its portfolio in CIGNA Corporation (NYSE:CI). Sg Americas Securities Lc has 0% invested in the company for 3,415 shares.

Insider Transactions: Since August 17, 2016, the stock had 0 insider purchases, and 5 sales for $10.13 million net activity. Shares for $7.36M were sold by MURABITO JOHN M on Monday, November 7. Sadler Jason D sold $487,200 worth of CIGNA Corporation (NYSE:CI) on Monday, October 31. HENNEY JANE E MD had sold 600 shares worth $79,200 on Wednesday, November 9. 15,548 shares with value of $2.14 million were sold by Bacus Lisa R on Tuesday, November 15. Hoeltzel Mary T sold $66,138 worth of CIGNA Corporation (NYSE:CI) on Wednesday, August 17.

CIGNA Corporation (NYSE:CI) Ratings Coverage

Out of 9 analysts covering CIGNA (NYSE:CI), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. CIGNA has been the topic of 14 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Jefferies given on Friday, January 8. As per Tuesday, August 18, the company rating was maintained by RBC Capital Markets. The firm has “Hold” rating by Evercore given on Friday, September 23. The stock of CIGNA Corporation (NYSE:CI) has “Sector Perform” rating given on Monday, November 9 by RBC Capital Markets. The firm earned “Buy” rating on Monday, July 27 by Sterne Agee CRT. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, January 6. The firm has “Buy” rating given on Wednesday, August 5 by Zacks. The stock of CIGNA Corporation (NYSE:CI) has “Buy” rating given on Tuesday, June 28 by Stifel Nicolaus. The stock has “Buy” rating given by Citigroup on Friday, October 2. JP Morgan initiated the shares of CI in a report on Wednesday, September 16 with “Overweight” rating.

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 Vivian Park

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