CIGNA (CI) Earning Somewhat Positive News Coverage, Study Finds

Press coverage about CIGNA (NYSE:CI) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CIGNA earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the health services provider an impact score of 46.8052274080848 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

CIGNA (NYSE:CI) traded up $0.25 on Thursday, hitting $191.90. The stock had a trading volume of 1,099,476 shares, compared to its average volume of 1,540,000. CIGNA has a 52 week low of $143.85 and a 52 week high of $227.13. The firm has a market capitalization of $47,310.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.39 and a current ratio of 0.37.

CIGNA (NYSE:CI) last released its quarterly earnings data on Thursday, February 1st. The health services provider reported $1.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.07. CIGNA had a return on equity of 18.84% and a net margin of 5.38%. The company had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.28 billion. During the same period last year, the firm posted $1.87 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. analysts forecast that CIGNA will post 12.9 earnings per share for the current year.

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on CIGNA from $195.00 to $223.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Oppenheimer raised their price target on CIGNA to $237.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $220.00 price target (up from $185.00) on shares of CIGNA in a research note on Friday, November 3rd. Goldman Sachs Group initiated coverage on CIGNA in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $247.00 price target for the company. Finally, Credit Suisse Group initiated coverage on CIGNA in a research note on Thursday, November 2nd. They issued an “outperform” rating and a $219.00 price target for the company. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $210.12.

In other news, EVP John M. Murabito sold 28,037 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $205.68, for a total value of $5,766,650.16. Following the completion of the sale, the executive vice president now directly owns 60,290 shares of the company’s stock, valued at $12,400,447.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Zollars sold 212 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $205.68, for a total value of $43,604.16. Following the completion of the sale, the director now directly owns 13,500 shares of the company’s stock, valued at $2,776,680. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 64,663 shares of company stock valued at $13,329,903. Insiders own 1.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first posted by BBNS and is owned by of BBNS. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/cigna-ci-earning-somewhat-positive-news-coverage-study-finds/1905523.html.

About CIGNA

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.

Insider Buying and Selling by Quarter for CIGNA (NYSE:CI)

Receive News & Ratings for CIGNA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIGNA and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.