Cigna (CI) Expected to Announce Quarterly Sales of $11.04 Billion

Elias Hubbard
April 15, 2018

Roof Eidam & Maycock who had been investing in Cigna Corporation for a number of months, seems to be less bullish one the $41.49 billion market cap company. The stock has returned 0.91% during the last five consecutive trading sessions. The company had a trading volume of 2,611,036 shares, compared to its average volume of 2,793,123. Cigna Corporation (NYSE:CI) has risen 13.35% since April 13, 2017 and is uptrending. It has outperformed by 1.80% the S&P500. 12,280 were reported by Trustmark National Bank & Trust Tru Department. Also, EVP Nicole S. Jones sold 5,856 shares of the stock in a transaction dated Monday, March 5th. The institutional investor held 40,725 shares of the consumer services company at the end of 2017Q4, valued at $4.02 million, up from 35,126 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $196.74B market cap company.

Stock traders can use such figures to analyze that the company shows whether the stock is at this time or not in buying and selling side. It has outperformed by 11.98% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 10 sales for $17.30 million activity. In the last quarter, insiders have sold 57,454 shares of company stock valued at $11,322,513. After this sale, 306,646 common shares of CI are directly owned by the insider, with total stake valued at $52,301,542. HARRIS ISAIAH JR sold 212 shares worth $44,382. ZARCONE DONNA F had sold 5,971 shares worth $1.29 million. Cigna earned a news sentiment score of 0.15 on Accern's scale. It's up 0.17, from 1 in 2017Q3.

Several hedge funds have recently added to or reduced their stakes in CI. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Thrivent Financial For Lutherans has 0.32% invested in Cigna Corporation (NYSE:CI). (NYSE:CI) traded up 0.37% during midday trading on Monday, hitting $145.31. Balyasny Asset Management Llc bought 1.45 million shares as the company's stock rose 4.44% while stock markets declined. Cigna Corporation (NYSE:CI) has risen 13.35% since April 13, 2017 and is uptrending. Da Davidson And holds 0.01% or 1,603 shares in its portfolio.

Cigna (NYSE:CI) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Tuesday, March 20th. 635 are owned by American Beacon Advsrs Inc. Piper Jaffray initiated Cigna Corporation (NYSE:CI) on Wednesday, January 4 with "Overweight" rating. Sanford C. Bernstein initiated coverage on shares of Cigna in a research report on Tuesday, March 13th. 369,795 were accumulated by Pnc Finance Services Group.

Analysts await Cigna Corporation (NYSE:CI) to report earnings on May, 4.

For the current quarter, 20 analysts are projecting a mean EPS of $3.41/share. CI's profit will be $822.13 million for 12.62 P/E if the $3.38 EPS becomes a reality. After $1.94 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts 74.23% EPS growth.

Swedbank, which manages about $18.44 billion US Long portfolio, decreased its stake in Berkshire Hathaw (BRKB) by 1.20 million shares to 1.09 million shares, valued at $216.57 million in 2017Q4, according to the filing. In a transaction dated March 05, 2018, the shares were put up for sale at an average price of $191.68, raking in a sum of $7,047,882. One analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Therefore 73% are positive. General Electric Company had 97 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The stock of Cigna Corporation (NYSE:CI) earned "Sector Perform" rating by RBC Capital Markets on Monday, November 9. The company has market cap of $391.60 million. Shareholders of record on Monday, March 12th were given a dividend of $0.04 per share. The stock has "Hold" rating by Vertical Research on Tuesday, January 16.

Among 22 analysts covering CIGNA (NYSE:CI), 18 have Buy rating, 0 Sell and 4 Hold. Jefferies maintained Cigna Corporation (NYSE:CI) on Wednesday, June 7 with "Buy" rating.

Investors sentiment decreased to 0.99 in 2017 Q4. Its up 0.03, from 1.26 in 2017Q3. Millennium Mgmt Ltd Liability reported 453,606 shares or 0.13% of all its holdings. 165 funds opened positions while 435 raised stakes. 280.02 million shares or 0.09% more from 279.77 million shares in 2017Q3 were reported. 107,579 were accumulated by Northwestern Mutual Wealth Management.

Jensen Investment Management Inc decreased its stake in Cigna Corporation (CI) by 48.54% based on its latest 2017Q4 regulatory filing with the SEC. Marietta Partners Ltd Limited Liability Company, a Wisconsin-based fund reported 32,136 shares. Advisors Asset Incorporated invested in 2,502 shares. The ratio increased, as 191 institutional investors started new or increased equity positions, while 163 reduced and sold their stock positions in Liberty Media Corp. Hudson Bay Mngmt Lp invested in 0.33% or 75,626 shares. (NYSE:VZ). Weatherly Asset LP holds 0.66% or 51,304 shares in its portfolio. First Republic Invest Management invested 0.22% in Walmart Inc. Dekabank Deutsche Girozentrale stated it has 159,616 shares or 0.22% of all its holdings. Cubist Systematic Strategies Lc reported 0.36% of its portfolio in Walmart Inc. Beaumont Fincl Limited Liability has 0.14% invested in Amazon.com, Inc.

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