As Cigna Corp (CI) Shares Declined, Swedbank Raised Holding by $32.43 Million

May 17, 2018 - By Ann Prendergast

Cigna Corporation (NYSE:CI) LogoInvestors sentiment decreased to 0.91 in 2017 Q4. Its down 0.05, from 0.96 in 2017Q3. It dropped, 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. 2,900 were reported by King Wealth Mngmt Gru Ltd Limited Liability Company. Utd Services Automobile Association reported 395,712 shares. Norinchukin Bancorp The invested in 19,712 shares or 0.07% of the stock. Notis reported 0.24% in Cigna Corporation (NYSE:CI). State Street Corp stated it has 0.17% of its portfolio in Cigna Corporation (NYSE:CI). Aperio Gp Ltd reported 0.18% stake. Swiss National Bank & Trust holds 0.22% of its portfolio in Cigna Corporation (NYSE:CI) for 1.00M shares. Gofen And Glossberg Ltd Limited Liability Company Il holds 0.09% of its portfolio in Cigna Corporation (NYSE:CI) for 13,000 shares. Plante Moran Fincl Advisors Limited Liability accumulated 0.01% or 70 shares. 3,305 were accumulated by Pillar Pacific Cap Mngmt Limited. Tdam Usa Inc has invested 0.02% in Cigna Corporation (NYSE:CI). 181,065 are owned by Cumberland Prtn. Iguana Healthcare Mngmt Limited Liability Corporation holds 25,000 shares. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma has 3,637 shares for 0.01% of their portfolio. Motco reported 0.01% of its portfolio in Cigna Corporation (NYSE:CI).

Since December 11, 2017, it had 0 insider purchases, and 10 selling transactions for $17.30 million activity. Hocevar Christopher J sold $529,287 worth of stock. 28,037 shares were sold by MURABITO JOHN M, worth $5.77 million on Wednesday, January 10. 229 shares valued at $37,890 were sold by ZOLLARS WILLIAM D on Wednesday, March 14. Another trade for 212 shares valued at $44,382 was sold by HARRIS ISAIAH JR. Jones Nicole S had sold 5,856 shares worth $1.12 million. HENNEY JANE E MD sold $85,184 worth of Cigna Corporation (NYSE:CI) on Friday, January 12.

Swedbank increased its stake in Cigna Corp (CI) by 8.99% based on its latest 2017Q4 regulatory filing with the SEC. Swedbank bought 159,769 shares as the company’s stock declined 18.61% with the market. The institutional investor held 1.94 million shares of the medical specialities company at the end of 2017Q4, valued at $393.25M, up from 1.78 million at the end of the previous reported quarter. Swedbank who had been investing in Cigna Corp for a number of months, seems to be bullish on the $43.63B market cap company. The stock increased 1.25% or $2.2173 during the last trading session, reaching $179.3673. About 578,649 shares traded. Cigna Corporation (NYSE:CI) has risen 13.35% since May 17, 2017 and is uptrending. It has outperformed by 1.80% the S&P500.

Swedbank, which manages about $18.44B US Long portfolio, decreased its stake in Ihs Markit Ltd by 1.12M shares to 835,401 shares, valued at $37.72M in 2017Q4, according to the filing. It also reduced its holding in Unitedhealth Gro (NYSE:UNH) by 478,950 shares in the quarter, leaving it with 1.67M shares, and cut its stake in 3M Co (NYSE:MMM).

More recent Cigna Corporation (NYSE:CI) news were published by: which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. Also published the news titled: “JANA Shows New Stakes in Apple (AAPL), Boston Scientific (BSX), Dropbox (DBX), iQIYI (IQ) (more..) -13F” on May 15, 2018.‘s news article titled: “The Future of Healthcare Will Have You in Control for a Change: Cigna CEO” with publication date: May 01, 2018 was also an interesting one.

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. Jefferies maintained the shares of CI in report on Friday, January 12 with “Buy” rating. Goldman Sachs initiated Cigna Corporation (NYSE:CI) rating on Wednesday, January 3. Goldman Sachs has “Hold” rating and $247.0 target. The stock of Cigna Corporation (NYSE:CI) earned “Outperform” rating by Credit Suisse on Monday, March 12. On Friday, February 2 the stock rating was maintained by Leerink Swann with “Buy”. Credit Suisse maintained Cigna Corporation (NYSE:CI) on Friday, May 4 with “Outperform” rating. As per Thursday, February 1, the company rating was maintained by Jefferies. Piper Jaffray maintained the stock with “Buy” rating in Thursday, February 1 report. The company was maintained on Thursday, February 1 by Cowen & Co. Jefferies maintained it with “Buy” rating and $22100 target in Monday, March 26 report. The stock of Cigna Corporation (NYSE:CI) has “Overweight” rating given on Friday, February 2 by Morgan Stanley.

Cigna Corporation (NYSE:CI) Institutional Positions Chart

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