Cigna Corporation (CI) Given News Impact Score of 0.23
Media stories about Cigna Corporation (NYSE:CI) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cigna Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the health services provider an impact score of 45.7761423855448 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Cigna Customers with Connected Pharmacy and Medical Benefits Are More Active in Improving Their Health, Leading … – Business Wire (press release) (businesswire.com)
- Cigna Customers with Connected Pharmacy and Medical Benefits Are More Active in Improving Their Health, Leading to Lower Medical Costs (finance.yahoo.com)
- N.Y. Fines Cigna $2 Million Over Accusations It Violated State Law (courant.com)
- GOP sets sights on crucial Obamacare mandate (finance.yahoo.com)
- GOP tax plan takes aim at Obamacare (finance.yahoo.com)
Several analysts recently issued reports on CI shares. Morgan Stanley upped their target price on Cigna Corporation from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Deutsche Bank AG upped their price objective on Cigna Corporation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, August 7th. BidaskClub upgraded Cigna Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 18th. Jefferies Group LLC upped their price objective on Cigna Corporation from $221.00 to $231.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Credit Suisse Group restated a “buy” rating and issued a $196.00 price objective on shares of Cigna Corporation in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $201.50.
Shares of Cigna Corporation (NYSE CI) traded up $1.44 during mid-day trading on Tuesday, hitting $199.41. The company’s stock had a trading volume of 826,200 shares, compared to its average volume of 1,356,062. The firm has a market cap of $48,809.45, a P/E ratio of 19.07, a PEG ratio of 1.51 and a beta of 0.49. Cigna Corporation has a 52-week low of $131.03 and a 52-week high of $206.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.39 and a current ratio of 0.39.
Cigna Corporation (NYSE:CI) last issued its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.47. The firm had revenue of $10.38 billion for the quarter, compared to the consensus estimate of $10.17 billion. Cigna Corporation had a return on equity of 18.85% and a net margin of 5.74%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.94 EPS. analysts expect that Cigna Corporation will post 10.34 EPS for the current fiscal year.
In related news, Chairman Isaiah Harris, Jr. sold 247 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total transaction of $45,761.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael W. Triplett sold 10,417 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $197.77, for a total value of $2,060,170.09. Following the transaction, the insider now directly owns 32,347 shares of the company’s stock, valued at $6,397,266.19. The disclosure for this sale can be found here. Insiders sold a total of 12,471 shares of company stock valued at $2,449,891 over the last quarter. 1.30% of the stock is owned by corporate insiders.
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Cigna Corporation Company Profile
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’s segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.
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