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because I own a lot

From a recent Mad Money show: "That's one of the best in the group. They're buying back a lot of stock and I'd be a buyer."

From a recent Mad Money show:

"That's one of the best in the group. They're buying back a lot of stock and I'd be a buyer."

Managed-care provider Cigna Corp. said recently its board of directors increased the company's stock repurchase authority by $500 million.

Cigna also announced it had repurchased 5.5 million shares for $220 million during the second quarter. The insurer has repurchased 6.7 million shares for $265 million so far this year.

The company has about 275 million shares outstanding and about $565 million of stock repurchase authority available.

The company also reaffirmed its full-year earnings-per-share guidance but lowered its expectations for medical membership growth and adjusted health care operating income.

The insurer said it still expects adjusted earnings of $4.05 to $4.25 per share, but it said medical membership will grow by 1 percent instead of the previous range of 2 percent to 2.5 percent.

The stock trades for 7.5x cash flow.

From a recent Mad Money show:

"That's one of the best in the group. They're buying back a lot of stock and I'd be a buyer."

Cigna (CI) was upgraded to Buy rating from Neutral at UBS. Price target and FY09 eps estimates hold at $50 and $4.85, respectively.

I bought Cigna (CI), Humana (HUM) and Coventry (CVH) on Wednesday, Jenner says. I think all have the potential to be up at least 25% over the next 12 months.

healthcare low pe

Cigna (CI) was raised from Underweight to Equal-weight, Lehman Bros. said. $61 price target. Stock is already reflecting disappointing earnings growth, and buybacks or acquisitions could add to earnings.

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