Economy

Could CIGNA Corporation (CI) Recover After Forming a Wedge Up Pattern?

Following last close company's stock, is -2.21% below their SMA 50 and -55.05% below the 52-week high. RBC Capital Markets maintained the stock with "Outperform" rating in Monday, May 8 report. Piper Jaffray initiated CIGNA Corporation (NYSE:CI) on Wednesday, January 4 with "Overweight" rating. August 7 investment analysts at Citigroup held the company rating at "Buy" and moved up the price target from $98.00 to $198.00. The company was maintained on Thursday, June 22 by RBC Capital Markets. Royal Bank Of Canada restated a "buy" rating and issued a $185.00 target price on shares of Cigna Corporation in a research note on Wednesday, August 9th. On Wednesday, January 6 the stock rating was maintained by Barclays Capital with "Equal-Weight". Evercore initiated CIGNA Corporation (NYSE:CI) on Friday, September 23 with "Hold" rating. Parallel Advisors LLC now owns 800 shares of the health services provider's stock valued at $139,000 after purchasing an additional 307 shares in the last quarter.

The stock of CIGNA Corporation (CI) formed an up wedge with $192.91 target or 4.00 % above today's $185.49 share price. As of quarter end Cantab Capital Partners Llp had acquired 8,862 shares growing its position 90.2%. Kar Auction Svcs Inc now has $6.19B valuation. During the same quarter in the previous year, the company posted $1.98 earnings per share. During the key period of last 5 years, Cigna Corporation (NYSE:CI) sales have annually surged 12.60% on average, however its earnings per share growth remained at 9.40%. For Cigna Corporation (NYSE:CI), Stochastic %D value stayed at 83.00% for the last 9 days. It has underperformed by 16.70% the S&P500.

Cigna Corporation (Cigna), launched on November 3, 1981, together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. It has a 21.27 P/E ratio. The Business's segments include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.

Since March 14, 2017, it had 0 insider buys, and 9 insider sales for $8.12 million activity. The insider Manders Matthew G sold 6,000 shares worth $990,000. Another trade for 2,850 shares valued at $460,313 was made by Hoeltzel Mary T on Wednesday, May 31. ZOLLARS WILLIAM D had sold 1,923 shares worth $320,269 on Tuesday, June 13. The stock decreased 0.21% or $0.39 on September 8, reaching $184.56. The shares were sold at an average price of $175.01, for a total value of $4,262,718.57. It has outperformed by 6.87% the S&P500.

Investors sentiment increased to 0.86 in 2016 Q4. Its the same as in 2016Q3.

Dai Ichi Life Insurance Company Ltd lifted its holdings in shares of Cigna Corporation (NYSE:CI) by 100.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 216.73 million shares or 1.90% more from 212.68 million shares in 2016Q3 were reported.

Cigna Corp.'s insider ownership stands at 0.3 percent, while its insider transaction is -27.01 percent. Sun Life Finance has 0% invested in CIGNA Corporation (NYSE:CI) for 18 shares. The company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.74 by $0.13. Axa invested 0.11% in CIGNA Corporation (NYSE:CI). Zacks Investment Research downgraded Cigna Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday, August 8th. Halsey Ct invested in 0.12% or 4,000 shares. Parametric Limited Liability has 610,729 shares for 0.11% of their portfolio. Swiss National Bank now owns 976,474 shares of the health services provider's stock valued at $143,044,000 after buying an additional 199,100 shares during the period. The company has 248.47 Million shares outstanding and 245.42 Million shares were floated in market. Thompson Siegel Walmsley Ltd Liability Co stated it has 0.15% of its portfolio in CIGNA Corporation (NYSE:CI). Deutsche Savings Bank Ag reported 1.34 million shares. Mechanics Bank Trust Department owns 3,720 shares for 0.12% of their portfolio. Gateway Investment Advisers Ltd Llc accumulated 17,869 shares.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.10, from 0.76 in 2016Q3. It is positive, as 53 investors sold CI shares while 249 reduced holdings. 43 funds opened positions while 78 raised stakes. Johnson Counsel reported 2,486 shares.

Cigna Corp. (CI)'s RSI (Relative strength index) is at 63.51, its ATR (Average True Range) value is 2.52, while its Beta factor was calculated at 0.43. Benjamin F Edwards & Co holds 612 shares. 1St Source Bancorp has 0.11% invested in Citigroup Inc (NYSE:C). Teacher Retirement Systems Of Texas accumulated 472,192 shares. Thompson Davis & Co reported 47 shares. Freestone has 0% invested in Altria Group Inc (NYSE:MO) for 40,531 shares. Harvest Cap Mngmt invested in 3,750 shares or 0.11% of the stock. Friess Assocs Ltd Llc accumulated 2,513 shares. Manning & Napier Limited Liability Corporation holds 70,106 shares. Tocqueville Asset Management Limited Partnership has invested 0.03% in Altria Group Inc (NYSE:MO). Squarepoint Ops LLC augmented its stake by buying 46,117 shares an increase of 75.5% in the quarter. It also reduced Leggett & Platt Inc Com (NYSE:LEG) stake by 8,392 shares and now owns 14,518 shares.



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