Cigna Corporation (NYSE:CI) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share guidance of $10.20-$10.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.02.

Cigna Corporation (NYSE:CI) last announced its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.36 by $0.47. Cigna Corporation had a return on equity of 17.40% and a net margin of 5.55%. The company had revenue of $10.38 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same period in the prior year, the company posted $1.94 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year.

Several research analysts recently issued reports on CI shares. Deutsche Bank AG upped their target price on Cigna Corporation from $175.00 to $180.00 and gave the company a buy rating in a research report on Thursday, July 13th. Credit Suisse Group reaffirmed an outperform rating and set a $193.00 target price (up from $190.00) on shares of Cigna Corporation in a research report on Friday, July 14th. ValuEngine lowered Cigna Corporation from a buy rating to a hold rating in a research report on Thursday, July 20th. Royal Bank Of Canada reaffirmed a buy rating and set a $182.00 target price on shares of Cigna Corporation in a research report on Monday, July 24th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $175.00 target price on shares of Cigna Corporation in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Cigna Corporation currently has a consensus rating of Buy and a consensus price target of $193.44.

In other news, insider Jason D. Sadler sold 37,756 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $176.16, for a total value of $6,651,096.96. Following the sale, the insider now owns 47,844 shares in the company, valued at $8,428,199.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Isaiah Harris, Jr. sold 247 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $185.27, for a total value of $45,761.69. The disclosure for this sale can be found here. Insiders sold 45,696 shares of company stock worth $8,070,481 in the last 90 days. Company insiders own 1.30% of the company’s stock.

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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.

Earnings History and Estimates for Cigna Corporation (NYSE:CI)

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