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Cigna Corp. (CI)

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  • Jan. 9, 2013, 3:33 AM
    Cigna (CI) could offload its death-benefits unit this year if "the right market conditions unfold," CEO David Cordani said. Closed to new business since 2001, the operations have acted as a drag on Cigna's share price due to its inherent risks. Cordani talked the unit up but analysts reckon that he might have to pay somebody to take it off his hands.
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  • Nov. 27, 2012, 11:16 AM
    Turning to non-agency MBS (webcast), JPMorgan gets even more bullish. Key is their expectation of 3-5% growth in home prices (with upside potential) in 2013. While the paper is likely to retain some correlation with risk on/risk off, the fundamentals of improving housing - rising prices, declining distressed sales, declining shadow inventory - will be of growing importance. (previous on MBS)
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  • Nov. 16, 2012, 4:51 PM
    Cigna (CI) guides 2013 earnings below its long-term forecast, now saying earnings would rise by 4% to 9% to between $5.80 to $6.25 per share, while sales will grow by 8% to 11% to between $31.5B to $32.5B. The Street had recently forecast earnings of $6.32 per a share on revenue of $29.28B. The increase is driven by company-wide expansion, but the lower forecast is tempered by plans for strategic investments and expectations for an uptick in medical-cost trends.
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  • Nov. 14, 2012, 5:01 PM
    Third Point reports initiating new stakes in Mondelez (MDLZ), Nexen (NXY), Symantec (SYMC), WESCO (WCC), Autodesk (ADSK), while increasing its stakes in AIG (AIG), Apple (AAPL), Murphy Oil (MUR) and LyondellBasell (LYB). The firm liquidated positions in Plains Exploration (PXP), Liberty (LINTA), News Corp (NWSA), Capital One (COF) and DISH (DISH) over the quarter, and reduced stakes in Cigna (CI), ARIAD (ARIA), Cabot (COG) and Coca-Cola Enterprises (CCE). (13-F)
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  • Nov. 1, 2012, 6:04 AM
    Cigna (CI): Q3 EPS of $1.71 beats by $0.35. Revenue of $7.4B (+31% Y/Y) beats by $700M. (PR)
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  • Nov. 1, 2012, 12:05 AM
    Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL
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  • Oct. 31, 2012, 5:30 PM
    Notable earnings before Thursday’s open: ABC, ABX, ADP, ALKS, APA, AVP, BCE, BYD, CI, CNSL, CTRX, CVC, DLPH, DX, EL, EPD, ESV, EXC, FIRE, GAS, GNC, GTLS, HEP, HSH, INCY, ITRI, IVZ, K, LLL, MPC, NGLS, NIHD, OCN, PEG, PFE, PXP, RDN, RGLD, SE, SIRI, SNE, SPR, TDC, TE, TEVA, UPL, UTHR, VNR, WNR, WPI, XOM, XYL
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  • Oct. 19, 2012, 10:43 AM
    Healthways (HWAY -11.3%) slips after its Q3 beat on its bottom line but came up short on revenue late yesterday. Net earnings fell 47% Y/Y as revenue was hurt by the continued wind-down of a contract with Cigna Corp. (CI). The company also lowered its full-year earnings estimates and narrowed its sales view due to higher operational costs as well as reduced revenue from two contracts that were renewed early.
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  • Oct. 2, 2012, 11:49 AM
    Cigna (CI +1.3%) is a "boring homework exercise with potential for big rewards," says David Einhorn of another one of his long ideas. Fear and uncertainly surrounding Obamacare has left HMOs cheap. "Even when HMOs make less than expected, they make a lot." Why Cigna? It's higher quality and faster growing than its peers, yet trades at a discount to them.
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  • Oct. 2, 2012, 9:58 AM
  • Aug. 21, 2012, 9:43 AM
    Daniel Loeb may chastise Pres. Obama, says Andrew Ross Sorkin, but look at Loeb's recent investments: Aetna (AET), Cigna (CI), Humana (HUM), UnitedHealth (UNH) and WellPoint (WLP) stand to benefit if Obamacare remains in force, while a repeal could send shares diving. Like others, Sorkin reckons industry consolidation represents multi-billion dollar bets that the Health Act is here to stay.
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  • Aug. 14, 2012, 4:59 PM
    David Einhorn's Greenlight Capital levers up on healthcare issues this quarter, adding new positions in Aetna. (AET), Cigna Corp (CI), Humana (HUM), UnitedHealth Group (UNH) and WellPoint (WLP).
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  • Aug. 2, 2012, 6:02 AM
    Cigna (CI): Q2 EPS of $1.52 beats by $0.09. Revenue of $7.5B (+35% Y/Y) beats by $270M. (PR)
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  • Aug. 2, 2012, 12:05 AM
    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL
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  • Aug. 1, 2012, 5:30 PM
    Notable earnings before Thursday’s open: AEE, APA, ARIA, BDX, CAH, CI, CNP, DNR, DTV, DUK, ENB, GM, INCY, K, MFA, NNN, OCN, PGN, PH, PRX, PWR, PXP, RDC, SBH, SE, SEE, SHO, SNE, SRE, TDC, TE, TEVA, TIE, TWC, UPL, VIAB, VRX, WNR, XEL
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  • Jul. 25, 2012, 11:36 AM
    Health insurers take a pummeling after Wellpoint's (WLP -12%) miserable Q2 report, even though some analysts say that the company has specific challenges. Citigroup's Carl McDonald reckons management could come under pressure. Still, HealthNet (HNT) -10%, UnitedHealth (UNH) -5.6%, Coventry (CVH) -4.9%, Humana (HUM) -3%, Cigna (CI) -3.9% and Aetna (AET) -4.9%.
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Company Description
Cigna Corp is a health services organization with insurance subsidiaries that are providers of medical, dental, disability, life and accident insurance and related products and services.
Sector: Healthcare
Country: United States