Marshall Wace Llp buys $89.9 Million stake in CIGNA Corporation (CI)

CIGNA Corporation (CI) : Marshall Wace Llp scooped up 490,204 additional shares in CIGNA Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 700,502 shares of CIGNA Corporation which is valued at $89.9 Million.CIGNA Corporation makes up approximately 0.88% of Marshall Wace Llp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in CI in the latest quarter, The investment management firm added 39,449 additional shares and now holds a total of 611,768 shares of CIGNA Corporation which is valued at $78.5 Million. CIGNA Corporation makes up approx 0.13% of Parametric Portfolio Associates’s portfolio.Advisor Partners boosted its stake in CI in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 4,617 shares of CIGNA Corporation which is valued at $592,638. CIGNA Corporation makes up approx 0.22% of Advisor Partners’s portfolio. Seminole Management added CI to its portfolio by purchasing 89,700 company shares during the most recent quarter which is valued at $11.5 Million. CIGNA Corporation makes up approx 0.95% of Seminole Management’s portfolio. Allegis Investment Advisors sold out all of its stake in CI during the most recent quarter. The investment firm sold 64 shares of CI which is valued $8,215.

CIGNA Corporation opened for trading at $126.13 and hit $129.87 on the upside on Wednesday, eventually ending the session at $129.3, with a gain of 3.60% or 4.49 points. The heightened volatility saw the trading volume jump to 34,54,979 shares. Company has a market cap of $33,167 M.

On the company’s financial health, CIGNA Corporation reported $2.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.17 according to the earnings call on May 6, 2016. Analyst had a consensus of $2.15. The company had revenue of $9884.00 million for the quarter, compared to analysts expectations of $9961.51 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS.

Many Wall Street Analysts have commented on CIGNA Corporation. Company shares were Reiterated by RBC Capital Mkts on May 18, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 174 from a previous price target of $169 .

Cigna Corporation (Cigna) together with its subsidiaries is a health services company. The Company offers medical dental disability life and accident insurance and related products and services. The Company operates in three segments: Global Health Care Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance group life insurance accident and specialty insurance and related services. Cigna offers commercial health and dental insurance Medicare and Medicaid products and health life and accident insurance coverages to individuals. It offers personal accident insurance coverage consisting of accidental death and dismemberment and travel accident insurance.

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