Origin Asset Management Llp Has Raised Its Cigna Corporation (CI) Position

May 27, 2018 - By Lynda A. Deweese

Cigna Corporation (NYSE:CI) LogoInvestors sentiment decreased to 0.91 in Q4 2017. Its down 0.05, from 0.96 in 2017Q3. It fall, as 38 investors sold CI shares while 280 reduced holdings. 92 funds opened positions while 197 raised stakes. 208.24 million shares or 0.93% more from 206.32 million shares in 2017Q3 were reported. Outfitter Advsr Limited has 14,877 shares for 1.01% of their portfolio. Hancock Com, Mississippi-based fund reported 6,063 shares. Raymond James Trust Na reported 12,545 shares stake. Gideon Cap Advisors holds 0.31% or 1,725 shares. Meeder Asset Management reported 20,172 shares stake. Usca Ria Ltd Liability Co reported 0.04% of its portfolio in Cigna Corporation (NYSE:CI). Missouri-based Duncker Streett has invested 0.13% in Cigna Corporation (NYSE:CI). Granite Point Capital Mngmt Limited Partnership has 0.14% invested in Cigna Corporation (NYSE:CI) for 7,000 shares. Cambridge Inv Research Advsr holds 3,554 shares. Tdam Usa Inc reported 1,376 shares. Moreover, First Mercantile Trust has 0.51% invested in Cigna Corporation (NYSE:CI) for 12,870 shares. Hl Services Ltd holds 0.02% of its portfolio in Cigna Corporation (NYSE:CI) for 4,004 shares. Product Prns Limited Co owns 147,300 shares. Moneta Grp Investment Advsr Ltd accumulated 3 shares. Lord Abbett & Lc reported 20,800 shares or 0.01% of all its holdings.

Since December 11, 2017, it had 0 insider buys, and 10 sales for $17.30 million activity. 36,769 shares were sold by Cordani David, worth $7.05 million on Friday, March 2. The insider Jones Nicole S sold 5,856 shares worth $1.12 million. Hocevar Christopher J had sold 2,759 shares worth $529,287 on Friday, March 2. Another trade for 229 shares valued at $37,890 was sold by ZOLLARS WILLIAM D. 6,099 Cigna Corporation (NYSE:CI) shares with value of $1.34 million were sold by MURABITO JOHN M. $1.29M worth of Cigna Corporation (NYSE:CI) was sold by ZARCONE DONNA F.

Origin Asset Management Llp increased its stake in Cigna Corporation (CI) by 68.06% based on its latest 2017Q4 regulatory filing with the SEC. Origin Asset Management Llp bought 68,200 shares as the company’s stock declined 18.61% with the market. The institutional investor held 168,400 shares of the medical specialities company at the end of 2017Q4, valued at $34.20M, up from 100,200 at the end of the previous reported quarter. Origin Asset Management Llp who had been investing in Cigna Corporation for a number of months, seems to be bullish on the $42.79 billion market cap company. The stock increased 0.03% or $0.05 during the last trading session, reaching $175.9. About 1.29M shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since May 27, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

Origin Asset Management Llp, which manages about $2.70B and $1.75 billion US Long portfolio, decreased its stake in Align Technology Inc (NASDAQ:ALGN) by 22,950 shares to 127,566 shares, valued at $28.34M in 2017Q4, according to the filing. It also reduced its holding in Celgene Corp (NASDAQ:CELG) by 57,700 shares in the quarter, leaving it with 107,700 shares, and cut its stake in New Oriental Ed & Tech Grp I (NYSE:EDU).

More notable recent Cigna Corporation (NYSE:CI) news were published by: Forbes.com which released: “Reality Check: Obamacare Greatly Worsened Retention Rates In The Non-Group Market” on May 25, 2018, also Investorplace.com with their article: “Even After Earnings Beat, Cigna Corporation Stock Still Looks Stuck” published on May 11, 2018, Thestreet.com published: “The Future of Healthcare Will Have You in Control for a Change: Cigna CEO” on May 01, 2018. More interesting news about Cigna Corporation (NYSE:CI) were released by: Seekingalpha.com and their article: “Cigna (CI) Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018 as well as Fool.com‘s news article titled: “These Companies Gave Bonuses or Raises After Tax Reform” with publication date: May 24, 2018.

Cigna Corporation (NYSE:CI) Ratings Coverage

Among 11 analysts covering Cigna Corp (NYSE:CI), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Cigna Corp had 14 analyst reports since January 3, 2018 according to SRatingsIntel. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Leerink Swann on Friday, February 2. The firm earned “Outperform” rating on Monday, March 12 by Credit Suisse. On Friday, May 4 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Monday, March 26 by Jefferies. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Piper Jaffray on Thursday, February 1. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Friday, January 12 by Jefferies. The firm earned “Buy” rating on Thursday, February 1 by Jefferies. The firm has “Buy” rating by Cowen & Co given on Thursday, February 1. Morgan Stanley maintained Cigna Corporation (NYSE:CI) on Friday, February 2 with “Overweight” rating. As per Wednesday, January 3, the company rating was initiated by Goldman Sachs.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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