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Stock Market & Financial Investment News

News Breaks
January 28, 2013
09:06 EDTCICigna could divest VADBe business, says Credit Suisse
Credit Suisse believes Cigna could divest its Variable Annuity Death Benefit business, or VADBe, given the complexities of understanding the business and the constraint on valuation. The analyst believes an exit is increasingly likely given a recent transaction in the space, increased interest by buyers, and improved equity markets. The firm believes a divestiture would increase Cigna's multiple and reiterates its Outperform rating and $28 price target.
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November 14, 2014
16:52 EDTCIGreenlight Capital gives quarterly update on stakes
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