What Hedge Funds Think About CIGNA Corporation (CI)

Page 1 of 2

CIGNA Corporation (NYSE:CI): curious what hedgies think about your stock?

In the 21st century investor’s toolkit, there are tons of indicators market participants can use to watch publicly traded companies. Some of the most innovative are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the elite money managers can outpace the broader indices by a healthy amount (see just how much).

Just as key, bullish insider trading activity is a second way to analyze the investments you’re interested in. Just as you’d expect, there are a number of stimuli for an upper level exec to sell shares of his or her company, but only one, very simple reason why they would buy. Various academic studies have demonstrated the impressive potential of this strategy if you know where to look (learn more here).

What’s more, we’re going to analyze the latest info surrounding CIGNA Corporation (NYSE:CI).

Hedge fund activity in CIGNA Corporation (NYSE:CI)

At Q2′s end, a total of 44 of the hedge funds we track held long positions in this stock, a change of 5% from the previous quarter. With the smart money’s sentiment swirling, there exists a select group of key hedge fund managers who were increasing their holdings significantly.

CIGNA Corporation (NYSE:CI)According to our 13F database, Greenlight Capital, managed by David Einhorn, holds the largest position in CIGNA Corporation (NYSE:CI). Greenlight Capital has a $360.6 million position in the stock, comprising 6.8% of its 13F portfolio. On Greenlight Capital’s heels is Glenview Capital, managed by Larry Robbins, which held a $239 million position; the fund has 2.2% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include Jeffrey Tannenbaum’s Fir Tree, Steven Richman’s East Side Capital (RR Partners) and Daniel S. Och’s OZ Management.

Consequently, certain money managers were leading the bulls’ herd. Greenlight Capital, managed by David Einhorn, established the largest position in CIGNA Corporation (NYSE:CI). Greenlight Capital had 360.6 million invested in the company at the end of the quarter. Larry Robbins’s Glenview Capital also made a $239 million investment in the stock during the quarter. The other funds with new positions in the stock are Jeffrey Tannenbaum’s Fir Tree, Steven Richman’s East Side Capital (RR Partners), and Daniel S. Och’s OZ Management.

How are insiders trading CIGNA Corporation (NYSE:CI)?

Legal insider trading, particularly when it’s bullish, is at its handiest when the company we’re looking at has seen transactions within the past six months. Over the last half-year time period, CIGNA Corporation (NYSE:CI) has experienced 1 unique insiders buying, and 8 insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to CIGNA Corporation (NYSE:CI). These stocks are Coventry Health Care, Inc. (NYSE:CVH), Express Scripts Holding Company (NASDAQ:ESRX), Humana Inc (NYSE:HUM), WellPoint, Inc. (NYSE:WLP), and Aetna Inc. (NYSE:AET). This group of stocks are the members of the health care plans industry and their market caps are closest to CI’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!