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CI Susquehanna Initiates Coverage on CIGNA Co. (NYSE: CI)
January 17th, 2011 • View Comments • Filed Under • by ABMN Staff

Equities research analysts at Susquehanna initiated coverage on shares of CIGNA Co. (NYSE: CI) in a research note to clients and investors on Friday. The analysts set a “neutral” rating on the stock.

Separately, analysts at Deutsche Bank (NYSE: DB) upgraded shares of CIGNA Co. from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 6th.

CIGNA Corporation (CIGNA) is an investor-owned health service organization in the United States. The Company’s subsidiaries are providers of healthcare and related benefits, the majority of which are offered through the workplace, including healthcare products and services; group disability, life and accident insurance, and workers’ compensation case management and related services. In addition, the Company has an international operation that offers life, accident and supplemental health insurance products, as well as international health care products and services to businesses and individuals in selected markets. CIGNA’s revenues are derived principally from premiums, fees, mail order pharmacy, other revenues and investment income. The Company operates in five business segments: HealthCare, Disability and Life, International, Run-off Reinsurance and Other Operations. In February 2010, the Company acquired Kronos Optimal Health Company.

Shares of CIGNA Co. (NYSE: CI) traded up 1.26% during mid-day trading on Monday, hitting $40.03. CIGNA Co. has a 52 week low of $29.12 and a 52 week high of $40.44. The stock’s 50-day moving average is $37.5 and its 200-day moving average is $34.93. On average, analysts predict that CIGNA Co. will post $1.09 EPS next quarter. The company has a market cap of $10.845 billion and a price-to-earnings ratio of 9.00.

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http://www.americanbankingnews.com/2011/01/17/susquehanna-initiates-coverage-on-cigna-co-nyse-ci/