Cigna Corporation Announces its FY13 Earnings Guidance (CI)

On Friday health benefits provider Cigna Corporation (CI) reported its 2013 revenue and earnings forecast.

The Bloomfield, Connecticut-based company said that it expects to earn between $5.80 and $6.26 per share in 2013. The average Wall Street analyst estimate is that the firm will earn $6.33 per share.

Revenue for CI is expected to be in the range of $31.5 billion and $32.5 billion. The analyst consensus is $31.60 billion.

Cigna shares were flat in premarket trading on Monday.

The Bottom Line
Shares of Cigna (CI) have a .08% dividend yield, based on Friday’s closing stock price of $50.47. The stock has technical support in the $48-$48 price area. If the shares can firm up, we see overhead resistance around the $53-$54 price levels.

Cigna Corporation (CI) is not recommended at this time, holding a DARS™ Rating of 3.3 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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