Is Cigna Corporation (CI) A Good Stock To Buy?

CI) and determine whether hedge funds had an edge regarding this stock.” data-reactid=”12″>How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of capital and have to conduct due diligence while choosing their next pick. They don’t always get it right, but, on average, their stock picks historically generated strong returns after adjusting for known risk factors. With this in mind, let’s take a look at the recent hedge fund activity surrounding Cigna Corporation (NYSE:CI) and determine whether hedge funds had an edge regarding this stock.

CI) investors should pay attention to a decrease in activity from the world’s largest hedge funds in recent months. Cigna Corporation (NYSE:CI) was in 72 hedge funds’ portfolios at the end of June. The all time high for this statistics is 76. There were 74 hedge funds in our database with CI positions at the end of the previous quarter. Our calculations also showed that CI isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.” data-reactid=”13″>Cigna Corporation (NYSE:CI) investors should pay attention to a decrease in activity from the world’s largest hedge funds in recent months. Cigna Corporation (NYSE:CI) was in 72 hedge funds’ portfolios at the end of June. The all time high for this statistics is 76. There were 74 hedge funds in our database with CI positions at the end of the previous quarter. Our calculations also showed that CI isn’t among the 30 most popular stocks among hedge funds (click for Q2 rankings and see the video for a quick look at the top 5 stocks). Video: Watch our video about the top 5 most popular hedge fund stocks.

see the details here).” data-reactid=”19″>To the average investor there are several indicators stock traders employ to assess publicly traded companies. Some of the most useful indicators are hedge fund and insider trading sentiment. Our experts have shown that, historically, those who follow the best picks of the elite investment managers can trounce the market by a solid margin (see the details here).

View photos

Arthur B Cohen and Joseph Healey of Healthcor Management LP

this under-the-radar stock to identify the next tenbagger. Currently, investors are pessimistic about commercial real estate investments. So, we are checking out this contrarian play to diversify our market exposure. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. With all of this in mind let’s take a peek at the recent hedge fund action regarding Cigna Corporation (NYSE:CI).” data-reactid=”37″>At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, legal marijuana is one of the fastest growing industries right now, so we are checking out ideas like this under-the-radar stock to identify the next tenbagger. Currently, investors are pessimistic about commercial real estate investments. So, we are checking out this contrarian play to diversify our market exposure. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. With all of this in mind let’s take a peek at the recent hedge fund action regarding Cigna Corporation (NYSE:CI).

How have hedgies been trading Cigna Corporation (NYSE:CI)?

At the end of the second quarter, a total of 72 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -3% from the first quarter of 2020. Below, you can check out the change in hedge fund sentiment towards CI over the last 20 quarters. With hedgies’ positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were upping their holdings substantially (or already accumulated large positions).

View photos

BloombergSen allocated the biggest weight to Cigna Corporation (NYSE:CI), around 19.19% of its 13F portfolio. Solel Partners is also relatively very bullish on the stock, earmarking 19.13 percent of its 13F equity portfolio to CI.” data-reactid=”56″>The largest stake in Cigna Corporation (NYSE:CI) was held by Viking Global, which reported holding $553.5 million worth of stock at the end of September. It was followed by BloombergSen with a $277 million position. Other investors bullish on the company included Kensico Capital, Glenview Capital, and Lakewood Capital Management. In terms of the portfolio weights assigned to each position BloombergSen allocated the biggest weight to Cigna Corporation (NYSE:CI), around 19.19% of its 13F portfolio. Solel Partners is also relatively very bullish on the stock, earmarking 19.13 percent of its 13F equity portfolio to CI.