Market Update: Cigna Corp (NYSE:CI) – Expanded Cigna-HealthSpring Agreement with Thomas Jefferson University & Jefferson Health Provides Greater Access to Top Doctors

[Business Wire] – Cigna-HealthSpring, a Cigna company serving Medicare and Medicaid customers, and Thomas Jefferson University & Jefferson Health , one of the nation’s top hospital systems are expanding their partnership. Read more on this. Cigna Corp. (CI) , with a current market cap of $37.21B, began trading this morning at $144.10. Looking at today’s market, CI one day range is $143.57 to $146.61 with the price of the stock fluctuating between $100.67 to $170.68 over the last 52 weeks. CI shares are currently priced at 16.65x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.16x earnings multiple. And for income investors, the company pays shareholders $0.04 per share annually in dividends, yielding 0.03%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.81 per share, which would be $0.12 better than the year-ago quarter and a $0.12 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $8.59 would be a $1.16 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.53 Billion. If realized, that would be a 7.08% increase over the year-ago quarter. More recently, Sterne Agee CRT upgraded CI from Neutral to Buy (Jul 27, 2015). Previously, RBC Capital Mkts Initiated CI at to Sector Perform. The average price target for CI shares is $168.79, which is 17.13% above where the stock opened this morning. See more in (NYSE:CI) Similar Articles: Market Update: Cigna Corp (NYSE:CI) – Cigna and St. Joseph Hoag Health Develop Innovative New Products for Health Care Delivery in Greater Orange County Market Update: Cigna Corp (NYSE:CI) – Cigna and Franciscan St. Francis Health Demonstrate Success Improving Quality and Lowering Costs Through Collaborative Care Program Stock Update: Cigna Corp (NYSE:CI) – Cigna and Providence-Swedish Health Alliance ACO Partner to Improve Quality and Lower Medical Costs