Why These Five Stocks Are in Spotlight on Monday

Barron’s Likes CIGNA 

CIGNA Corporation (NYSE:CI) is 0.77% in the green this morning after Barron’s published a bullish article on the insurer. According to writer Robin Goldwyn Blumenthal, Cigna shares could surge by around 33% if the company’s merger with Anthem Inc (NYSE:ANTM) goes through (based on Anthem’s current stock price and the details of the merger proposal). If the merger doesn’t pass the regulatory test, Blumenthal notes that Cigna will receive a breakup fee of around $1.1 billion after taxes, a sum that management could do buybacks and make accretive acquisitions with. Based on its stand-alone basis, analysts estimate that Cigna could be worth around $165 per share over the next year, giving it substantial upside in either case. The number of funds from our database with holdings in CIGNA Corporation (NYSE:CI) fell by six quarter-over-quarter to 61 at the end of March.

Bullish Write-up For Kennedy-Wilson 

Kennedy-Wilson Holdings Inc (NYSE:KW) is a beneficiary of the ‘Barron’s bounce’ today as its shares have surged over 4% on the back of an optimistic article published over the weekend. According to the article, buying Kennedy shares could be a smart move as BTIG analyst Mark Palmer notes that the Brexit ‘is much more of an opportunity for the company than a threat, given its partial ownership of the company with expertise in investing in distressed real-estate assets’. Palmer has a $33 price target, giving shares substantial upside. A total of 18 investors tracked by Insider Monkey owned shares of Kennedy-Wilson Holdings Inc (NYSE:KW) at the end of March, up by one from the previous quarter.

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