Will CIGNA Corporation (CI) Run Out of Steam Soon?

July 17, 2017 - By Vivian Park

Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.10, from 0.76 in 2016Q3. It improved, as 53 investors sold CIGNA Corporation shares while 249 reduced holdings. 73 funds opened positions while 187 raised stakes. 216.73 million shares or 1.90% more from 212.68 million shares in 2016Q3 were reported.
Blackrock Inv Management Limited Co has 863,606 shares. Clarivest Asset Limited Liability Company reported 150 shares. Professional Advisory Services, a Florida-based fund reported 1,525 shares. Hanson Doremus Mgmt accumulated 817 shares or 0% of the stock. Assetmark Incorporated stated it has 521 shares. Sivik Glob Health Ltd Liability Corporation has invested 3.18% in CIGNA Corporation (NYSE:CI). Illinois-based Lsv Asset Mngmt has invested 0.39% in CIGNA Corporation (NYSE:CI). Argent Tru holds 0.22% or 3,787 shares in its portfolio. Comml Bank Of The West reported 0.67% stake. Natixis holds 0.12% of its portfolio in CIGNA Corporation (NYSE:CI) for 86,486 shares. Employees Retirement Systems Of Texas reported 0.14% of its portfolio in CIGNA Corporation (NYSE:CI). Omers Administration has 66,900 shares for 0.17% of their portfolio. Synovus Fincl Corp stated it has 0% of its portfolio in CIGNA Corporation (NYSE:CI). 19,343 are owned by Verition Fund Mngmt Limited Liability. Creative Planning holds 0.01% or 16,991 shares.

Since January 24, 2017, it had 0 insider buys, and 15 selling transactions for $16.97 million activity. Shares for $370,559 were sold by Triplett Michael W. Hoeltzel Mary T sold $83,350 worth of stock or 500 shares. ZOLLARS WILLIAM D had sold 1,923 shares worth $320,269 on Tuesday, June 13. $3.25M worth of stock was sold by Jones Nicole S on Wednesday, May 17. Manders Matthew G had sold 6,000 shares worth $990,000. 11,455 shares were sold by Bacus Lisa R, worth $1.85M.

The stock of CIGNA Corporation (NYSE:CI) reached all time high today, Jul, 17 and still has $188.10 target or 8.00 % above today’s $174.17 share price. This indicates more upside for the $44.78 billion company. This technical setup was reported by Barchart.com. If the $188.10 PT is reached, the company will be worth $3.58B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 638,042 shares traded. CIGNA Corporation (NYSE:CI) has risen 23.57% since July 17, 2016 and is uptrending. It has outperformed by 6.87% the S&P500.

CIGNA Corporation (NYSE:CI) Ratings Coverage

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. CIGNA had 30 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $168 target in Wednesday, January 6 report. Sterne Agee CRT upgraded the shares of CI in report on Monday, July 27 to “Buy” rating. On Thursday, June 15 the stock rating was maintained by Oppenheimer with “Buy”. The rating was initiated by Evercore on Friday, September 23 with “Hold”. The stock of CIGNA Corporation (NYSE:CI) has “Overweight” rating given on Wednesday, June 7 by Morgan Stanley. As per Tuesday, August 18, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating given on Friday, October 2 by Citigroup. On Wednesday, September 16 the stock rating was initiated by JP Morgan with “Overweight”. The firm has “Overweight” rating given on Wednesday, January 4 by Piper Jaffray. On Monday, June 5 the stock rating was maintained by UBS with “Buy”.

More notable recent CIGNA Corporation (NYSE:CI) news were published by: Streetinsider.com which released: “Cigna Corp. (CI) Updates FY Guidance” on June 21, 2017, also Prnewswire.com with their article: “Cigna Foundation Provides $100000 Grant to Back on My Feet; Cigna Executive …” published on July 06, 2017, Prnewswire.com published: “C-TAC Launches Campaign to Transform Advanced Care” on June 28, 2017. More interesting news about CIGNA Corporation (NYSE:CI) were released by: Streetinsider.com and their article: “Cigna Corp. (CI) Acquires Zurich Insurance Middle East” published on July 11, 2017 as well as Businesswire.com‘s news article titled: “Cigna Corporation’s Second Quarter 2017 Earnings Release Details” with publication date: June 26, 2017.

Cigna Corporation , together with its subsidiaries, is a health services company. The company has market cap of $44.78 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 23.25 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.

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