As Cigna Corp (CI) Shares Declined, Quantbot Technologies LP Has Decreased Its Position

July 27, 2018 - By Robert Shackelford

Cigna Corporation (NYSE:CI) LogoInvestors sentiment decreased to 0.83 in Q1 2018. Its down 0.08, from 0.91 in 2017Q4. It fall, as 85 investors sold CI shares while 281 reduced holdings. 105 funds opened positions while 200 raised stakes. 206.15 million shares or 1.00% less from 208.24 million shares in 2017Q4 were reported. Nelson Van Denburg Campbell Wealth Mngmt Gp Lc holds 4 shares. Edge Wealth Management Ltd Liability stated it has 0% of its portfolio in Cigna Corporation (NYSE:CI). Bryn Mawr Company holds 0.05% or 5,079 shares. Monetary Management Grp Incorporated Inc accumulated 2,800 shares. Highland Capital Management Ltd Company holds 59,904 shares. Tudor Corp Et Al holds 0.02% in Cigna Corporation (NYSE:CI) or 4,358 shares. Martingale Asset Mgmt LP reported 224,742 shares. Renaissance Gru Llc holds 1.03% or 179,368 shares. Mitsubishi Ufj Tru has invested 0.17% in Cigna Corporation (NYSE:CI). M&T Retail Bank Corp reported 0.02% stake. First Republic Management invested in 8,599 shares. 8 are owned by Captrust Advsrs. Driehaus Management Lc, Illinois-based fund reported 1,865 shares. Moreover, Umb Natl Bank N A Mo has 0.06% invested in Cigna Corporation (NYSE:CI). 223,806 were accumulated by Natl Pension Service.

Since March 2, 2018, it had 0 buys, and 6 selling transactions for $8.95 million activity. Agoglia Hoeltzel Mary T also sold $176,187 worth of Cigna Corporation (NYSE:CI) shares. Jones Nicole S sold $1.12 million worth of stock or 5,856 shares. Cordani David had sold 36,769 shares worth $7.05M on Friday, March 2. 2,759 shares were sold by Hocevar Christopher J, worth $529,287 on Friday, March 2.

Quantbot Technologies Lp decreased its stake in Cigna Corp (CI) by 53.92% based on its latest 2018Q1 regulatory filing with the SEC. Quantbot Technologies Lp sold 22,419 shares as the company’s stock declined 10.20% with the market. The hedge fund held 19,159 shares of the medical specialities company at the end of 2018Q1, valued at $3.21M, down from 41,578 at the end of the previous reported quarter. Quantbot Technologies Lp who had been investing in Cigna Corp for a number of months, seems to be less bullish one the $43.29 billion market cap company. The stock increased 0.25% or $0.44 during the last trading session, reaching $177.94. About 2.01M shares traded or 5.57% up from the average. Cigna Corporation (NYSE:CI) has risen 8.82% since July 27, 2017 and is uptrending. It has underperformed by 3.75% the S&P500.

Quantbot Technologies Lp, which manages about $581.51M and $1.16B US Long portfolio, upped its stake in Verizon Communications Inc (NYSE:VZ) by 133,998 shares to 181,244 shares, valued at $8.67M in 2018Q1, according to the filing. It also increased its holding in Amazon.Com Inc (NASDAQ:AMZN) by 3,750 shares in the quarter, for a total of 4,775 shares, and has risen its stake in Honeywell International Inc (NYSE:HON).

Analysts await Cigna Corporation (NYSE:CI) to report earnings on August, 2 before the open. They expect $3.33 EPS, up 14.43 % or $0.42 from last year’s $2.91 per share. CI’s profit will be $810.08M for 13.36 P/E if the $3.33 EPS becomes a reality. After $4.11 actual EPS reported by Cigna Corporation for the previous quarter, Wall Street now forecasts -18.98 % negative EPS growth.

Cigna Corporation (NYSE:CI) Ratings Coverage

Among 11 analysts covering Cigna Corp (NYSE:CI), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Cigna Corp had 13 analyst reports since February 1, 2018 according to SRatingsIntel. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Cowen & Co on Thursday, February 1. On Monday, March 26 the stock rating was maintained by Jefferies with “Buy”. Credit Suisse maintained it with “Outperform” rating and $218 target in Friday, May 4 report. Leerink Swann maintained the stock with “Buy” rating in Friday, February 2 report. The stock of Cigna Corporation (NYSE:CI) has “Overweight” rating given on Friday, February 2 by Morgan Stanley. The firm has “Outperform” rating given on Monday, March 12 by Credit Suisse. Goldman Sachs upgraded the stock to “Buy” rating in Wednesday, June 6 report. The firm earned “Buy” rating on Thursday, February 1 by Piper Jaffray. As per Thursday, February 1, the company rating was maintained by Jefferies.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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