Stock Update: Cigna Corp (NYSE:CI) – Cigna and Integrated Independent Physicians Network, LLC Collaborate to Improve Health and Lower Costs in Florida

[Business Wire] – Cigna and Integrated Independent Physicians Network, LLC have entered into a collaborative care program to improve access to health care, enhance care coordination and lower costs. Read more on this. Cigna Corp. (CI) , with a current market cap of $33.33B, opened this morning at $128.31. During today’s session, CI traded between $127.86 to $130.89 with a one year range of $123.54 to $170.68. Cigna (CI) shares are currently priced at 13.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.95x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.04 per share annually in dividends, yielding 0.03%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.41 per share, which would be $0.14 worse than the year-ago quarter and a $0.20 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $9.27 is a $0.61 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 $9.97 Billion. If realized, that would be a 5.28% increase over the year-ago quarter. In terms of ratings, Jefferies upgraded CI from Hold to Buy (Jan 8, 2016). Previously, Citigroup Initiated CI at to Buy. The average price target for CI shares is $168.00, which is 30.93% above where the stock opened this morning. See more in (NYSE:CI) Similar Articles: Stock Update: Cigna Corp (NYSE:CI) – New England Quality Care Alliance (NEQCA) Collaborates With Cigna to Improve Health and Lower Costs in Boston Area Company Update: Cigna Corp (NYSE:CI) – INVESTOR ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of Cigna Corp. — CI Market Update: Cigna Corp (NYSE:CI) – Health insurer Cigna reports better-than-expected profit