Stock Update (NYSE:CI): CIGNA CORPORATION Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor Investigate Possible Breaches of Fiduciary Duty by Officers and Directors

[Business Wire] – Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Cigna Corporation and several officers and directors for acts taken during the period of February 27, 2014 and January 21, 2016 . Read more on this. Cigna Corp. (CI) , valued at $32.64B, began trading this morning at $124.49. Looking at today’s market, CI one day range is $123.54 to $128.58 with a trailing 52-week range being $111.73 to $170.68. CI shares are currently priced at 13.57x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 13.13x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.04 per share annually in dividends, yielding 0.03%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.16 per share, which would be $0.20 better than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.21, which would be a $0.55 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.98 Billion. If realized, that would be a 6.28% 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. With the above information in mind, readers should note that the average price target is $171.14, which is 37.47% above where the stock opened this morning. See more in (NYSE:CI) Similar Articles: Market Update: Cigna Corp (NYSE:CI) – Cigna Named Corporation of the Year by World Affairs Council -Washington DC Market Update: Cigna Corp (NYSE:CI) – Cigna Corporation Announces Appearance at the 2015 Wells Fargo Securities Healthcare Conference Company Update (NYSE:PCP): PRECISION CASTPARTS CORP. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to Berkshire Hathaway Inc.