Cigna Corp (CI): Today's Featured Health Services Winner

Cigna (CI) pushed the Health Services industry higher today making it today's featured health services winner. The industry as a whole closed the day down 0.4%. By the end of trading, Cigna rose $1.62 (4%) to $41.86 on heavy volume. Throughout the day, 5.4 million shares of Cigna exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $40.96-$43 after having opened the day at $41.99 as compared to the previous trading day's close of $40.24. Other companies within the Health Services industry that increased today were: Staar Surgical (STAA), up 26.3%, Symmetry Medical (SMA), up 16.6%, Iridex Corporation (IRIX), up 14.3%, and Alliance HealthCare Services (AIQ), up 9%.

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CIGNA Corporation, a health services organization, through its subsidiaries, provides insurance and related products and services in the United States and internationally. Cigna has a market cap of $11.61 billion and is part of the health care sector. The company has a P/E ratio of 8.7, equal to the average health services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Cigna a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Cigna as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Cigna Ratings Report.

On the negative front, Dynacq Healthcare (DYII), down 27.1%, Solta Medical (SLTM), down 15.1%, ERBA Diagnostics (ERB), down 8%, and Pro-Dex (PDEX), down 7.6%, were all laggards within the health services industry with St Jude Medical (STJ) being today's health services industry laggard.

• Use our health services section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the health services industry could consider Health Care Select Sector SPDR (XLV) while those bearish on the health services industry could consider ProShares Ultra Short Health Care (RXD).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Cigna Corp click any of the following:

• Cigna Corp Stock Price

• Cigna Corp Analyst Ratings

• Cigna Corp Key Stats & Profile

• Cigna Corp Earnings

• Cigna Corp Ratio Comparison

• Cigna Corp Growth Rates

• Cigna Corp Balance Sheet

• Cigna Corp Cash Flow

• Cigna Corp Income Statement