Equities research analysts predict that CIGNA Co. (NYSE:CI) will announce $1.87 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for CIGNA’s earnings. The lowest EPS estimate is $1.79 and the highest is $1.90. CIGNA also reported earnings per share of $1.87 during the same quarter last year. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, February 1st.

On average, analysts expect that CIGNA will report full-year earnings of $10.34 per share for the current financial year, with EPS estimates ranging from $9.95 to $10.42. For the next financial year, analysts forecast that the business will post earnings of $11.78 per share, with EPS estimates ranging from $11.27 to $13.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for CIGNA.

CIGNA (NYSE:CI) last issued its earnings results on Thursday, November 2nd. The health services provider reported $2.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.47. CIGNA had a net margin of 5.74% and a return on equity of 18.85%. The firm had revenue of $10.38 billion during the quarter, compared to analyst estimates of $10.17 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. CIGNA’s revenue for the quarter was up 5.1% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of CIGNA from $195.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. Royal Bank of Canada restated an “outperform” rating and set a $220.00 target price (up previously from $185.00) on shares of CIGNA in a research report on Friday, November 3rd. Goldman Sachs Group assumed coverage on shares of CIGNA in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $247.00 target price for the company. Jefferies Group increased their price objective on shares of CIGNA from $201.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Credit Suisse Group assumed coverage on shares of CIGNA in a research report on Thursday, November 2nd. They set an “outperform” rating and a $219.00 price objective for the company. Three analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $205.18.

CIGNA (CI) opened at $213.39 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.39 and a current ratio of 0.39. CIGNA has a 12-month low of $133.52 and a 12-month high of $213.73. The firm has a market cap of $52,611.24, a price-to-earnings ratio of 23.37, a P/E/G ratio of 1.43 and a beta of 0.51.

In other news, insider Michael W. Triplett sold 10,417 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $197.77, for a total value of $2,060,170.09. Following the sale, the insider now owns 32,347 shares of the company’s stock, valued at $6,397,266.19. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Mary T. Hoeltzel sold 575 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $197.03, for a total transaction of $113,292.25. Following the completion of the sale, the chief accounting officer now directly owns 2,499 shares in the company, valued at approximately $492,377.97. The disclosure for this sale can be found here. Insiders have sold 63,185 shares of company stock valued at $12,789,459 in the last quarter. 1.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Capstone Investment Advisors Netherlands B.V. purchased a new stake in shares of CIGNA in the second quarter valued at $106,000. Saratoga Research & Investment Management purchased a new stake in shares of CIGNA in the third quarter valued at $112,000. Horan Capital Advisors LLC. purchased a new stake in shares of CIGNA in the third quarter valued at $123,000. Acrospire Investment Management LLC raised its stake in shares of CIGNA by 66.7% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the health services provider’s stock valued at $167,000 after acquiring an additional 400 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of CIGNA by 171.9% in the third quarter. Grove Bank & Trust now owns 976 shares of the health services provider’s stock valued at $182,000 after acquiring an additional 617 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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CIGNA Company Profile

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.

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Earnings History and Estimates for CIGNA (NYSE:CI)

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