Jefferies Raises Numbers on Cigna (CI)

On Friday, analysts at Jefferies & Co. boosted the price target and earnings estimates on Cigna Corporation (CI) after the health insurance company’s increased 2013 guidance update.

The analysts maintain a “Buy” rating on CI and now see shares reaching $71. This target suggests about a 16% upside to Thursday’s closing price of $61.35.

Cigna shares were inactive during pre-market trading on Friday. The stock is up about +41% over the trailing twelve months.

The Bottom Line
Shares of Cigna (CI) have a dividend yield of 0.07% based on last night’s closing price of $61.35 and the company’s annualized dividend payout of 4 cents per share.

Cigna Corporation (CI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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