Is CIGNA Corporation (CI)’s Fuel Running Low? The Stock Reaches All Time High Today

July 17, 2017 - By Vivian Currie

Investors sentiment increased to 0.86 in 2016 Q4. Its up 0.10, from 0.76 in 2016Q3. It is positive, as 53 investors sold CIGNA Corporation shares while 249 reduced holdings. 73 funds opened positions while 187 raised stakes. 216.73 million shares or 1.90% more from 212.68 million shares in 2016Q3 were reported.
Philadelphia Tru holds 2,935 shares or 0.03% of its portfolio. Alpine Associate stated it has 292,519 shares. Price T Rowe Associates Md reported 13.62M shares or 0.36% of all its holdings. Benjamin F Edwards & stated it has 612 shares. State Of New Jersey Common Pension Fund D holds 467,182 shares or 0.27% of its portfolio. Loeb invested in 6,000 shares. Parkwood Limited Co invested 0.04% in CIGNA Corporation (NYSE:CI). California-based Retail Bank Of The West has invested 0.67% in CIGNA Corporation (NYSE:CI). Advisor Ptnrs Ltd Limited Liability Company has 0.19% invested in CIGNA Corporation (NYSE:CI). Cam Group Holding A S owns 121,728 shares. Lazard Asset Management Lc invested 0.01% of its portfolio in CIGNA Corporation (NYSE:CI). Royal Commercial Bank Of Canada reported 0.01% of its portfolio in CIGNA Corporation (NYSE:CI). New Jersey Better Educational Savings Tru invested in 5,000 shares or 0.43% of the stock. Decatur holds 26,207 shares or 0.5% of its portfolio. Lombard Odier Asset Mngmt (Usa) Corporation has 0.78% invested in CIGNA Corporation (NYSE:CI).

Since January 24, 2017, it had 0 insider purchases, and 15 selling transactions for $16.97 million activity. $284,247 worth of CIGNA Corporation (NYSE:CI) was sold by Sadler Jason D on Monday, June 5. Jones Nicole S also sold $3.25 million worth of CIGNA Corporation (NYSE:CI) on Wednesday, May 17. 4,464 CIGNA Corporation (NYSE:CI) shares with value of $654,155 were sold by McCarthy Thomas A. $1.22M worth of CIGNA Corporation (NYSE:CI) was sold by Manders Matthew G. On Tuesday, June 13 the insider ZOLLARS WILLIAM D sold $320,269. $87,126 worth of stock was sold by HENNEY JANE E MD on Tuesday, January 24.

The stock of CIGNA Corporation (NYSE:CI) reached all time high today, Jul, 17 and still has $188.10 target or 8.00 % above today’s $174.17 share price. This indicates more upside for the $44.78 billion company. This technical setup was reported by Barchart.com. If the $188.10 PT is reached, the company will be worth $3.58B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 638,042 shares traded. CIGNA Corporation (NYSE:CI) has risen 23.57% since July 17, 2016 and is uptrending. It has outperformed by 6.87% the S&P500.

CIGNA Corporation (NYSE:CI) Ratings Coverage

Among 17 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. CIGNA had 30 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 7 by Jefferies. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, August 18 report. The stock of CIGNA Corporation (NYSE:CI) earned “Buy” rating by Cowen & Co on Thursday, July 13. The rating was initiated by Morgan Stanley on Wednesday, June 7 with “Overweight”. Sterne Agee CRT upgraded the stock to “Buy” rating in Monday, July 27 report. Barclays Capital maintained CIGNA Corporation (NYSE:CI) rating on Wednesday, January 6. Barclays Capital has “Equal-Weight” rating and $168 target. Citigroup initiated the shares of CI in report on Friday, October 2 with “Buy” rating. The stock has “Outperform” rating by RBC Capital Markets on Monday, May 8. The firm has “Buy” rating by Deutsche Bank given on Thursday, July 13. Stifel Nicolaus initiated CIGNA Corporation (NYSE:CI) on Tuesday, June 28 with “Buy” rating.

More notable recent CIGNA Corporation (NYSE:CI) news were published by: Prnewswire.com which released: “Cigna Foundation Provides $100000 Grant to Back on My Feet; Cigna Executive …” on July 06, 2017, also Businesswire.com with their article: “Cigna Corporation’s Second Quarter 2017 Earnings Release Details” published on June 26, 2017, Prnewswire.com published: “C-TAC Launches Campaign to Transform Advanced Care” on June 28, 2017. More interesting news about CIGNA Corporation (NYSE:CI) were released by: Miamiherald.com and their article: “Cigna to resume marketing, enrolling new Medicare Advantage members in July” published on June 19, 2017 as well as Streetinsider.com‘s news article titled: “Cigna Corp. (CI) Acquires Zurich Insurance Middle East” with publication date: July 11, 2017.

Cigna Corporation , together with its subsidiaries, is a health services company. The company has market cap of $44.78 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 23.25 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.

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