Market Update (NYSE:CI): Cigna Foundation Commits $2 Million to Nonprofit Partners Who Provide Community Health Navigation

[Business Wire] – The Cigna Foundation today announced it will commit $2 million in World of Difference grants over two years for nonprofit partners providing Community Health Navigation. The grants will focus on nonprofits that are guiding at-risk individuals – including children, racial and ethnic minorities – through the complex health care and social services systems. Read more on this. Cigna Corp. (CI) , valued at $35.98B, began trading this morning at $140.12. Today, shares have traded between $139.30 and $141.15 per share with its 52-week range being $123.54 to $170.68. CI shares are currently priced at 15.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.29x earnings multiple for the same period. The company pays shareholders $0.04 per share in dividend income per year, for a current yield of 0.03%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.16 per share, which would be $0.20 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $9.20 which would be a $0.54 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.98 Billion. If reported, 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. The average price target for CI shares by the analysts covering it is $164.21, which is 17.19% above where the stock opened. See more in (NYSE:CI) Similar Articles: Market Update: Cigna Corp (NYSE:CI) – Health insurer Cigna reports better-than-expected profit Stock Update (NYSE:CI): WakeMed Key Community Care Partners With Cigna to Advance Quality and Value in North Carolina Market Update (NYSE:CI): Cigna Foundation, Feeding Children Everywhere End 2015 By Reaching One-Million-Meal Milestone