News articles about Cigna Corporation (NYSE:CI) have trended somewhat positive this week, Alpha One Sentiment reports. The research group, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cigna Corporation earned a daily sentiment score of 0.24 on Alpha One’s scale. Alpha One also gave media coverage about the health services provider an impact score of 73 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected AlphaOne Sentiment Analysis’s scoring:
- Cigna Corporation (CI) Insider Michael W. Triplett Sells 1,439 Shares (americanbankingnews.com)
- The Cigna Corporation (CI) Receives New Coverage from Analysts at Morgan Stanley (campdesrecrues.com)
- Cigna gets government OK to sell Medicare Advantage plans again (nasdaq.com)
- Cigna Can Return to Medicare Advantage, Prescription-Drug Plans (wsj.com)
- [$$] Cigna Can Return to Medicare Advantage, Prescription-Drug Plans (finance.yahoo.com)
Cigna Corporation (NYSE CI) traded up 1.08% during midday trading on Friday, reaching $169.08. The company’s stock had a trading volume of 2,009,547 shares. The firm has a market cap of $43.29 billion, a price-to-earnings ratio of 22.57 and a beta of 0.44. Cigna Corporation has a 1-year low of $115.03 and a 1-year high of $170.00. The company has a 50 day moving average price of $162.47 and a 200 day moving average price of $149.97.
Cigna Corporation (NYSE:CI) last issued its quarterly earnings results on Friday, May 5th. The health services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.33. Cigna Corporation had a return on equity of 16.07% and a net margin of 6.53%. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.11 billion. During the same quarter in the prior year, the company posted $2.46 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Cigna Corporation will post $9.73 EPS for the current year.
A number of brokerages recently commented on CI. Oppenheimer Holdings, Inc. lifted their price objective on Cigna Corporation from $174.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC lifted their price objective on Cigna Corporation from $174.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating and set a $177.00 price objective on shares of Cigna Corporation in a research report on Tuesday. Jefferies Group LLC reiterated a “buy” rating and set a $183.00 price objective on shares of Cigna Corporation in a research report on Thursday, June 8th. Finally, ValuEngine upgraded Cigna Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $172.82.
In related news, insider Jason D. Sadler sold 4,213 shares of the stock in a transaction on Monday, April 10th. The stock was sold at an average price of $152.01, for a total value of $640,418.13. Following the transaction, the insider now directly owns 36,231 shares of the company’s stock, valued at approximately $5,507,474.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicole S. Jones sold 20,312 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $160.04, for a total value of $3,250,732.48. Following the completion of the transaction, the executive vice president now directly owns 44,737 shares in the company, valued at $7,159,709.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,246 shares of company stock worth $7,433,839. Corporate insiders own 1.30% of the company’s stock.
About Cigna Corporation
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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