Do Hedge Funds Love CIGNA Corporation (CI) Ahead of Merger?

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Let’s also examine hedge fund activity in other stocks similar to CIGNA Corporation (NYSE:CI). We will take a look at China Telecom Corporation Limited (ADR) (NYSE:CHA), Raytheon Company (NYSE:RTN), Suncor Energy Inc. (USA) (NYSE:SU), and Liberty Global PLC LiLAC Class C (NASDAQ:LILAK). This group of stocks’ market valuations resemble CI’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
CHA 5 4466 1
RTN 35 1075426 4
SU 29 1386076 1
LILAK 35 556422 -5

As you can see these stocks had an average of 26 hedge funds with bullish positions and the average amount invested in these stocks was $756 million. That figure was $3.97 billion in CI’s case. Raytheon Company (NYSE:RTN) is the most popular stock in this table. On the other hand China Telecom Corporation Limited (ADR) (NYSE:CHA) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks CIGNA Corporation (NYSE:CI) is more popular among hedge funds and has far more money invested in it. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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