Loews Corp Upped Its Position in Cigna Corp (CI) as Stock Rose

Cigna Corporation (NYSE:CI) LogoInvestors sentiment increased to 1.12 in Q2 2018. Its up 0.29, from 0.83 in 2018Q1. It is positive, as 56 investors sold CI shares while 229 reduced holdings. 77 funds opened positions while 243 raised stakes. 207.58 million shares or 0.69% more from 206.15 million shares in 2018Q1 were reported. 732,445 are held by Panagora Asset. Earnest Partners holds 0% or 117 shares in its portfolio. Victory Cap Inc holds 85,045 shares. Moreover, Wedge Capital Management L Lp Nc has 0.43% invested in Cigna Corporation (NYSE:CI) for 258,555 shares. 2,541 are held by Lombard Odier Asset (Europe). Fulton Retail Bank Na owns 0.03% invested in Cigna Corporation (NYSE:CI) for 2,245 shares. Hartford Management has 6,709 shares. Chatham Gru reported 1,999 shares. Arizona State Retirement Systems accumulated 79,640 shares. Icon Advisers Commerce invested in 0.95% or 74,251 shares. 190 were reported by Salem Counselors. California-based Fuller & Thaler Asset has invested 0% in Cigna Corporation (NYSE:CI). Alliancebernstein LP holds 0.27% of its portfolio in Cigna Corporation (NYSE:CI) for 2.30 million shares. 100,000 are owned by Taconic Capital L P. Smithfield Trust Com holds 0.01% or 354 shares in its portfolio.

Since June 14, 2018, it had 0 buys, and 4 sales for $5.21 million activity. Another trade for 2,825 shares valued at $605,253 was made by Triplett Michael W on Monday, November 5. Sadler Jason D sold 21,189 shares worth $4.51 million.

Loews Corp increased its stake in Cigna Corp (CI) by 77.78% based on its latest 2018Q2 regulatory filing with the SEC. Loews Corp bought 35,000 shares as the company’s stock rose 6.08% with the market. The institutional investor held 80,000 shares of the medical specialities company at the end of 2018Q2, valued at $13.60 million, up from 45,000 at the end of the previous reported quarter. Loews Corp who had been investing in Cigna Corp for a number of months, seems to be bullish on the $50.68 billion market cap company. The stock decreased 2.88% or $6.17 during the last trading session, reaching $208.12. About 889,383 shares traded. Cigna Corporation (NYSE:CI) has risen 0.72% since December 7, 2017 and is uptrending. It has underperformed by 14.90% the S&P500.

Loews Corp, which manages about $14.68B US Long portfolio, decreased its stake in Comcast Corp (NASDAQ:CMCSA) by 118,156 shares to 481,844 shares, valued at $15.81 million in 2018Q2, according to the filing. It also reduced its holding in Aercap Holdings Nv (NYSE:AER) by 65,000 shares in the quarter, leaving it with 300,000 shares, and cut its stake in Aetna Inc (NYSE:AET).

More notable recent Cigna Corporation (NYSE:CI) news were published by: Nasdaq.com which released: “Detailed Research: Economic Perspectives on Arrowhead Pharmaceuticals, NexGen Energy, ArcBest, Cigna, The Allstate, and Comtech Telecommunications — What Drives Growth in Today’s Competitive Landscape – Nasdaq” on November 30, 2018, also Gurufocus.com with their article: “Leon Cooperman Buys 3 Stocks as Omega Closes to Outside Investors – GuruFocus.com” published on November 29, 2018, Seekingalpha.com published: “Health Care Going Strong – Seeking Alpha” on November 30, 2018. More interesting news about Cigna Corporation (NYSE:CI) were released by: Businesswire.com and their article: “Cigna Launches Online Survey to Help People Assess Loneliness and Improve Vitality – Business Wire” published on December 05, 2018 as well as Seekingalpha.com‘s news article titled: “Cigna, Express Scripts extend merger termination date – Seeking Alpha” with publication date: November 21, 2018.

Cigna Corporation (NYSE:CI) Ratings Coverage

Among 7 analysts covering Cigna (NYSE:CI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Cigna had 7 analyst reports since September 17, 2018 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Tuesday, September 18. The firm has “Buy” rating given on Friday, November 2 by Citigroup. The stock has “Outperform” rating by Leerink Swann on Monday, November 19. The stock of Cigna Corporation (NYSE:CI) has “Market Perform” rating given on Friday, November 2 by BMO Capital Markets. The stock of Cigna Corporation (NYSE:CI) has “Overweight” rating given on Friday, November 2 by Barclays Capital.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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