Cigna Corporation (NYSE:CI).
On June 28 analysts at Stifel Nicolaus starting coverage on CI with an initial rating of “Buy”. February 5 investment analysts at BMO Capital held the company rating at “Outperform” but lowered the price expectation to $165.00 from $167.00.
On February 5 Barclays kept the company rating at “Equalweight” and lowered the price expectation from $168.00 to $166.00. On January 8 the company was upgraded from “Hold” to “Buy” with a current price target of $184.00 in a statement from Jefferies.
Equity analyst Jefferies both upgraded the stock and raised the price target on January 8 changing the price objective from $146.00 to $184.00 and changing the rating from “Hold” to “Buy”.
In the market the company is trading up from yesterday’s close of $166.51. Cigna Corporation announced a dividend for shareholders paid on Monday April 10th, 2017. The dividend payment was $0.010 per share for the quarter or $0.04 on an annualized basis. The dividend yield was $0.02. The ex-dividend date was Wednesday the 8th of March 2017.
It is currently trading at $166.74 just above the 50 day moving average which is $160.86 and barely above the 200 day moving average of $149.00. The 50 day moving average was up by +3.66% and the 200 day average was up $17.74.
Cigna Corporation (Cigna), launched on November 3, 1981, 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 Business’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate. The Business’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 Business’s other business operations include corporate-owned life insurance business (COLI), run-off reinsurance and settlement annuity businesses..
Cigna Corporation currently has a P/E ratio of 22.26 and the market cap is 42.69B. In the latest earnings report the EPS was $7.49 and is projected to be $9.71 for the current year with 256,014,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $2.36 and the next full year EPS is anticipated to be $11.22.