CIGNA (CI) Reaches $173.91 High on Jul, 17, Sinocoking Coal & Coke Chemical Industries Has 1.23 Sentiment

July 17, 2017 - By Darrin Black

The stock of CIGNA Corporation (NYSE:CI) reached all time high today, Jul, 17 and still has $184.34 target or 6.00% above today’s $173.91 share price. This indicates more upside for the $44.72B company. This technical setup was reported by If the $184.34 PT is reached, the company will be worth $2.68B more. About 433,374 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.

AAC Holdings, Inc. is a provider of inpatient and outpatient substance abuse treatment services for individuals with drug and alcohol addiction. The company has market cap of $169.22 million. The Firm performs drug testing and diagnostics laboratory services and provides physician services to its clients. It currently has negative earnings. As of June 30, 2016, the Company operated 12 residential substance abuse treatment facilities located throughout the United States, focused on delivering clinical care and treatment solutions across 1,139 beds, which includes 636 licensed detoxification beds, and 18 standalone outpatient centers.

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. Zacks downgraded the stock to “Buy” rating in Wednesday, August 5 report. The stock has “Hold” rating by Evercore on Friday, September 23. The company was maintained on Wednesday, January 6 by Barclays Capital. The firm has “Buy” rating given on Friday, January 8 by Jefferies. Deutsche Bank maintained it with “Buy” rating and $180 target in Thursday, July 13 report. The stock of CIGNA Corporation (NYSE:CI) has “Sector Perform” rating given on Monday, November 9 by RBC Capital Markets. The company was maintained on Tuesday, August 18 by RBC Capital Markets. On Thursday, July 13 the stock rating was maintained by Cowen & Co with “Buy”. Sterne Agee CRT upgraded the shares of CI in report on Monday, July 27 to “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Wednesday, June 7.

Cigna Corporation , together with its subsidiaries, is a health services company. The company has market cap of $44.72 billion. The Firm offers medical, dental, disability, life and accident insurance and related services and products. It has a 23.21 P/E ratio. The Company’s divisions include Global Health Care, Global Supplemental Benefits, Group Disability and Life, and Other Operations and Corporate.

Investors sentiment increased to 0.86 in Q4 2016. 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. Lpl Financial Ltd Liability Corp reported 0.04% of its portfolio in CIGNA Corporation (NYSE:CI). Cibc Asset holds 0.02% of its portfolio in CIGNA Corporation (NYSE:CI) for 25,368 shares. Factory Mutual holds 234,000 shares or 0.37% of its portfolio. 100 are owned by Clearbridge Ltd Co. Gulf Retail Bank (Uk) Limited holds 78,742 shares. Dimensional Fund Advsrs Limited Partnership stated it has 0.07% of its portfolio in CIGNA Corporation (NYSE:CI). 57,000 were accumulated by Advent Cap Management De. Envestnet Asset Mngmt has 0.02% invested in CIGNA Corporation (NYSE:CI) for 39,087 shares. Balyasny Asset Mgmt Lc has invested 0.11% in CIGNA Corporation (NYSE:CI). Cibc Markets invested in 19,386 shares. Gam Hldg Ag accumulated 42,143 shares or 0.1% of the stock. Broderick Brian C accumulated 5,200 shares or 0.3% of the stock. Nwq Inv Mngmt Commerce Ltd Liability holds 430,840 shares or 0.78% of its portfolio. Bb&T Securities Ltd holds 0.05% or 27,085 shares. Ferguson Wellman Capital Mngmt holds 0.01% of its portfolio in CIGNA Corporation (NYSE:CI) for 1,969 shares.

Analysts await CIGNA Corporation (NYSE:CI) to report earnings on August, 4 before the open. They expect $2.48 EPS, up 25.25% or $0.50 from last year’s $1.98 per share. CI’s profit will be $637.72M for 17.53 P/E if the $2.48 EPS becomes a reality. After $2.77 actual EPS reported by CIGNA Corporation for the previous quarter, Wall Street now forecasts -10.47% negative EPS growth.

Since January 24, 2017, it had 0 insider purchases, and 15 insider sales for $16.97 million activity. Another trade for 8,309 shares valued at $1.22 million was sold by Manders Matthew G. Shares for $3.25 million were sold by Jones Nicole S. Shares for $284,247 were sold by Sadler Jason D. Bacus Lisa R sold $1.85 million worth of stock or 11,455 shares. McCarthy Thomas A also sold $654,155 worth of CIGNA Corporation (NYSE:CI) shares. Another trade for 2,850 shares valued at $460,313 was sold by Hoeltzel Mary T. Another trade for 1,439 shares valued at $240,153 was made by Triplett Michael W on Wednesday, June 14.

Deerfield Management Co holds 0.59% of its portfolio in AAC Holdings Inc for 1.98 million shares. Cortina Asset Management Llc owns 929,909 shares or 0.28% of their US portfolio. Moreover, Df Dent & Co Inc has 0.22% invested in the company for 1.06 million shares. The Texas-based Stephens Investment Management Group Llc has invested 0.22% in the stock. Altrinsic Global Advisors Llc, a Connecticut-based fund reported 784,370 shares.

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