Related Blog Posts from the Wikinvest Wire
|5/14/13||(CI) Cigna Posts Strong First Quarter Earnings (Stock Blog Hub)|
Cigna Corp.’s (CI) first-quarter 2013 net operating earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.43 per share. Moreover, the results surged nearly 39% year over year. Better-than-expected results came on the back of improved top-line, favorable operating expenses and medical costs, including favorable prior-year reserve development in the Global Health Care business. Including [...]
|10/8/12||(AFG) A.M. Best Rates Cigna’s New Units (Stock Blog Hub)|
The financial strength ratings (“FSR”) and issuer credit ratings (“ICR”) of the subsidiaries of American Financial Group Inc. (AFG) – Loyal American Life Insurance Company, American Retirement Life Insurance Company, Central Reserve Life Insurance Company, Provident American Life and Health Insurance Company – have been removed from under review by the leading rating agency A.M. [...]
|9/9/12||Bundesbank’s Weidmann May Quit (Phil’s Stock World)|
Courtesy of Benzinga. The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 31, 2012: Maxim Note Says Google Could Buy Vringo The [...]
|7/24/12||David Einhorn Sells Best Buy & Dell, Buys Cigna & Coventry Health: Q2 Letter (market folly)|
David Einhorn's Greenlight Capital is out with their Q2 2012 investor letter and Dealbreaker has it posted. In it, they reveal that they no longer own Best Buy (BBY) or Dell (DELL). Additionally, they started new stakes in Cigna (CI) and Coventry Health Care (CVH), playing the managed care sector. Here are some excerpts from the letter: On Best Buy: "We thought that the core debate was whether or not the company could compete with Amazon. The answer at this point is that maybe it...
|6/30/12||(CI) Cigna to Buy Medicare Advantage Plans (Stock Blog Hub)|
CIGNA Corp. (CI) announced its plans to purchase selected Medicare Advantage (“MA”) plans in the state of Texas and Arkansas. Cigna will buy the plans in three markets - Amarillo, Longview-Marshall and Texarkana - from Humana. The transaction is subject to regulatory approvals and is expected to be complete by the end of 2012. Humana got regulatory [...]
|1/22/12||(HS) HealthSpring Shareholders Approve CIGNA Merger (Stock Blog Hub)|
The acquisition of HealthSpring Inc. (HS) by CIGNA Corp. (CI) has received the approval of the former company's shareholders. The approval came from approximately 83% of the shareholders, at a special meeting held on January 12, 2012. The acquisition was announced by Cigna in October last year. HealthSpring’s vast Medicare business with a trusted brand name made it [...]
|12/7/11||(CI) Cigna Rating Affirmed by A.M. Best (Stock Blog Hub)|
As a part of its annual rating review process, rating agency A.M. Best undertook its rating action on CIGNA Corp. (CI). The action resulted in affirmation of the company’s issuer credit rating (ICR) of “bbb” and financial strength rating of “A”, with a stable outlook. The rating agency acknowledged Cigna’s solid operating performance due to lower [...]
|11/22/11||Cigna, HealthSpring Overcome Regulatory Hurdle to Deal (Benzinga)|
After the announcement last month that Cigna Corporation (NYSE: CI) would acquire HealthSpring (NYSE: HS) in a $3.8 billion deal, both companies announced on Monday that they had overcome regulatory hurdles to their union. The deal—still subject to shareholder approval that is expected by the first half of 2012—furthers a string of deals pursued by insurers seeking to expand their Medicare Advantage Business. Medicare Advantage is a fast growing category of privately run health...
|10/31/11||Jeffrey Altman's Owl Creek Boosts Cigna Position (market folly)|
Jeffrey Altman 's hedge fund Owl Creek Asset Management filed a 13G with the SEC on their position in Cigna (CI). Due to portfolio activity on October 27th, Owl Creek has disclosed a 5.14% ownership stake in Cigna with 13,896,771 shares. This is an increase of almost 66% in their position size. At the close of the second quarter, they only owned 8,396,087 CI shares. Owl Creek Asset Management also recently disclosed a new position in Lone Pine Resources (LPR). They acquired this...
|10/26/11||CIGNA Earnings Estimate $CI (Robert Weinstein Trading Blog)|
Earnings Overview for CIGNA Corporation (CI) upcoming performance release CIGNA Corporation (CI) is due to report earnings before the opening bell on October 28, 2011. Below you can see the results of CI over the last few earnings periods. CI trades an average of 3.2 million shares per day. CIGNA Corporation operates as a health service organization. [...]
|10/24/11||Major Averages Remain Firmly Positive In Late Morning Trading (Penny Stock DD)|
After showing a notable upward move in early trading on Monday, stocks are seeing continued strength in the late morning. The major averages remain firmly in positive territory, although the Dow has pulled back well off its best levels of the day. Much of the strength on Wall Street stems from some merger-and-acquisition news, including news [...]
|10/24/11||Cigna to Buy HealthSpring for $3.8 Billion (Penny Stock DD)|
Cigna agreed on Monday to buy HealthSpring for about $3.8 billion in cash, in a bid to add Medicare and senior care coverage. Under the terms of the deal, Cigna will pay $55 a share, 37 percent above HealthSpring’s closing price on Friday. The deal is the latest seeking to take advantage of an expected growth in Medicare and insurance of seniors, an [...]
|9/21/11||(CI) CIGNA Gets Customer-centric (Stock Blog Hub)|
In a bid to provide specialized customer service, health insurer CIGNA Corp. (CI) has announced a national brand campaign, with the theme “GO YOU”. The campaign chiefly focuses on providing user-friendly programs along with delivering unique customer service. The advertisement kicked off yesterday on print, television and the web and is expected to grab instant attention. [...]
|8/25/11||CIGNA Corporation Short day trades Closed (Trading with the Average Jay)|
itable This mornings day trades where short positions in CIGNA Corporation (Public, NYSE:CI). Things did RIGHT Waited for the first fifteen minutes of crazy trading to finish. Use my position size calculator to plan trade size. Used Pivots are targets. Placed stops and only moved them forward. Things did WRONG Should have use a closer stop on last trade. (That is hind sight, and had I not used a stop it did run much higher) Maybe should have stopped after two...
|8/16/11||(CI) CIGNA Corporation – Bull of the Day (Stock Blog Hub)|
CIGNA Corp's (CI) second quarter core earnings were fairly ahead of the Zacks Consensus Estimate, as well as the year-ago quarter's earnings. Better-than-expected results were aided by strong earnings from across the board. EPS also benefited from a lower share count compared with the year-ago quarter. The company is aggressively expanding its international operations, which will [...]
|8/15/11||(CI) CIGNA Analyst Reiterates Shares at Outperform (Stock Blog Hub)|
We are reiterating our Outperform recommendation on the shares of CIGNA Corp. (CI) following the company's second quarter results. Earnings of $1.53 per share outpaced the Zacks Consensus Estimate of $1.29 as well as earnings of $1.38 per share reported in the comparable period last year. Better-than-expected results were aided by strong earnings from across the [...]
|7/15/11||(CI) CIGNA Headquarters Shifted to Connecticut (Stock Blog Hub)|
Health insurer CIGNA Corp. (CI) recently revealed plans shift to its headquarters to Bloomfield, Connecticut after it was nominated to receive economic benefits from the state government in exchange for new job creations. The CIGNA base will move from Philadelphia, where it has been stationed since 1982. CIGNA would be the first to receive $50 million [...]
|6/30/11||(CI) CIGNA Cuts Lobbying Costs (Stock Blog Hub)|
Philadelphia-based managed care company CIGNA Corp.(CI) has reportedly spent $280,000 on lobbying the Federal Government during the first quarter of 2011. However, lobbying expenses in the reported quarter marked a decline of 30% from the previous-year quarter and 18% from the previous quarter. Lobbying is an activity usually paid by an interest group to promote its [...]
|6/12/11||(CI) CIGNA Corporation – Bull of the Day (Stock Blog Hub)|
We are upgrading our recommendation on the shares of CIGNA Corp. (CI) to Outperform from Neutral on the back of improving enrollment expectations, expanding international business. Its first quarter core earning was fairly ahead of Zacks Consensus Estimates well as year ago earnings. Better-than-expected results stemmed from strong earnings from across the board. EPS was also [...]
|6/10/11||標普處於短期超賣回調模式 (Capital Essence's Investment Blog- 錢途集團 » Page not found)|
|5/5/11||Cigna Corp., (NYSE: CI): Q1 2011 Earnings Roundup (Stock Wizard)|
Cigna Corp., (NYSE: CI) reported Thursday that its first-quarter profit climbed 52% to $429 million, or $1.57 a share, from $283 million, or $1.02, in the year-ago quarter. On an adjusted basis, the company earned $1.37 a share in the latest quarter. Revenue rose 4% to $5.41 billion from $5.21 billion. Analysts, on average, expected the company to report earnings of $1.09 a share on revenue of $5.49 billion. "Our first quarter results represent a strong start towards achieving our...
|2/2/11||CIGNA Corporation (NYSE: CI): Q4 Earnings Preview 2010 (Stock Wizard)|
CIGNA Corporation (NYSE: CI) is scheduled to release its fourth-quarter earnings before the opening bell on Thursday, February 3, 2011. Analysts, on average, expect the company to report earnings of $1.02 per share on revenue of $5.36 billion. In the year ago quarter, the company reported earnings of $1.03 per share on revenue of $4.64 billion. CIGNA Corporation provides health care and related benefits in the United States and internationally. The Company’s subsidiaries are...
|12/18/10||Cigna: A Slow Mover That Rewards Patience (Penny Stock DD)|
Insurer Cigna Corp. (CI), first discussed here on May 28, 2009 at a price of $21.89, has moved out of a trough recorded this summer, and I obviously still like the shares at this juncture. Cigna should post a 1-3% revenue gain in 2011, after a likely double-digit increase in 2010. CI's health care unit should [...]
|11/15/10||(CI) CIGNA Faces Standard & Poor’s Rating Action (Stock Blog Hub)|
Late last week, health insurance company CIGNA Corp. (CI) received a rating revision from Standard & Poor's Ratings Services. The rating agency revised CIGNA’s financial rating outlook to “stable” from “negative,” taking into account the company’s ability to insulate its results from losses in its run-off reinsurance business over the past twenty months. CIGNA’s Run-off Reinsurance [...]
|11/3/10||(CI) CIGNA Quarterly Earnings Beat Estimates (Stock Blog Hub)|
CIGNA Corp.’s (CI) third quarter earnings of $1.10 per share were ahead of the Zacks Consensus Estimate of $1.06. The insurer earned $1.13 per share last year. Better-than-expected results came in due to improved contribution from Health Care, Disability & Life and International segments. CIGNA’s net income declined 6.7% year over year to $307 million, due [...]
|11/3/10||J.P. Morgan Raises Price Target On Cigna After Earnings (CI) (Benzinga)|
J.P. Morgan Chase & Co. raised its price target on CIGNA Corporation (NYSE: CI) to $46 from $45, and is keeping its Overweight rating after the company reported better than expected earnings. It has an Overweight rating on shares. In a note to clients, J.P. Morgan writes, "VADBe reserve additions well previewed, while that doesn't mean we like the recurring event. These coming in as a $0.12/share drag, while having been flagged on the 2Q earnings call and at that time the potential...
|11/1/10||Goldman Sees 30% Upside In Cigna (CI) (Benzinga)|
Goldman Sachs sees 30% upside in shares of CIGNA Corp. (NYSE: CI), after it reported earnings. It has a Buy rating and a $45 price target on shares. In a research report sent to clients, Goldman writes, "We think a 9x forward multiple (as implied by our 6-month price target from our SOTP) is very reasonable yet still translates to almost 30% upside. More broadly, we note that if all of the core names were to trade to 10X our 2012 EPS by mid next year, CI would post over 50% upside where...
|10/21/10||Brian Stutland's CIGNA Corporation (CI) Trade (Benzinga)|
On CNBC's Fast Money, Brian Stutland recommended a long position in CIGNA Corporation (NYSE: CI). He thinks that using options is the best way to trade CIGNA (CI), because his risk is limited. His strategy involves a purchase of the January 33 call for $3.80. The break even in this trade is at $36.80, and above that level he will be able to exercise his call option, and get unlimited exposure to the upside. CIGNA Corporation (CI) gained 0.99% today, and closed at $35.66. CI had a volume...
|10/6/10||Goldman Buying Calls on Cigna Ahead of Key Catalysts (CI) (Benzinga)|
Goldman Sachs is out with a research report this morning, where it suggests buying calls on Cigna Corp. (NYSE: CI) ahead of some key catalysts. The analyst is bullish on managed care names in general; Cigna itself is Conviction Buy rated. The analysts cited several catalysts: 1. HHS ruling on final medical loss ratio rules 2. The mid-term election 3. Earnings 4. First-time 2011 guidance The analyst believe being on the bull side of the fence is the way to go; he suggested buying the...
|9/22/10||(CI) CIGNA Corporation – Bull of the Day (Stock Blog Hub)|
We are upgrading our recommendation on the shares of CIGNA (CI) to Buy as we believe the recent acquisition of Vanberda international will boost the company's thriving international operations, which is key to the growth of the company. Moreover, CIGNA has lower exposure to reform risks than other insurers, and thus has an edge with respect [...]
|9/20/10||Philip Emond Named as CIGNA's Chief Information Officer (Benzinga)|
David M. Cordani, president and chief executive officer of CIGNA Corporation (NYSE: CI), today announced the appointment of Philip Emond to the position of executive vice president and Chief Information Officer of CIGNA's U.S. operations, effective October 8, 2010. Emond, currently senior vice president of CIGNA Information Technology, will succeed Michael Woeller, who will retire next month after serving as executive vice president and Chief Information Officer of CIGNA's U.S. operations...
|3/29/10||What Investors Really Need to Know About Healthcare Reform: Cigna (NYSE:CI), UnitedHealth Group (... (Jutia Group)|
Healthcare reform is now law. Over the next decade the government will reach further into the private sector than it ever has before. Despite the year of debate and non-stop selling of the program, there’s still a lot of uncertainty over the impact of the [...]
|2/4/10||(CI) CIGNA Corporation Outperforms Expectations – Reaffirms (Stock Blog Hub)|
CIGNA Corporation’s (CI) fourth quarter operating earnings of $1.03 per share were ahead of the Zacks Consensus Estimate of 96 cents. The company had earned 48 cents a share in the year-ago period. The results reflect the improvements in the equity market that aided in its reinsurance business performance. Additionally, the results were also strong in [...]
|9/26/08||We End Up Paying More When Better Options are Available (Investing School)|
I remember when we were looking at a house about 18 months ago, the real estate agent would show us a house that is $500k, then one at $550k and another at $600k. On the seller’s perspective, this is called up-sell (which I’ve covered before here). This time around, let’s talk about the consumer’s (our) [...]