Infinity Property and Casualty (IPCC) Is At $142.70 Formed Wedge; Highbridge Capital Management Has Lifted By $6.52 Million Its Cigna (CI) Position

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Infinity Property and Casualty Corporation (IPCC) formed wedge up with $148.41 target or 4.00% above today’s $142.70 share price. Infinity Property and Casualty Corporation (IPCC) has $1.56 billion valuation. The stock increased 0.39% or $0.55 during the last trading session, reaching $142.7. About 13,865 shares traded. Infinity Property and Casualty Corporation (NASDAQ:IPCC) has risen 48.49% since June 27, 2017 and is uptrending. It has outperformed by 35.92% the S&P500. Some Historical IPCC News: 30/04/2018 – Infinity Property 1Q EPS $1.82; 04/05/2018 – Granite Investment Partners LLC Exits Infinity Property; 22/03/2018 – Research Report Identifies Preferred Apartment Communities, Ubiquiti Networks, Infinity Property and Casualty, Cara Therapeutic; 13/03/2018 – KEMPER CORP – CO,INFINITY PROPERTY & CASUALTY CORP RECEIVED NOTICE FROM U.S. FEDERAL TRADE COMMISSION GRANTING EARLY TERMINATION OF WAITING PERIOD; 11/05/2018 – Alpine Associates Buys New 2.7% Position in Infinity Property; 13/03/2018 – FTC: 20180848: Kemper Corporation; Infinity Property and Casualty Corporation; 15/05/2018 – CNH Partners Buys New 2.1% Position in Infinity Property; 14/05/2018 – T Rowe Price Associates Exits Position in Infinity Property; 13/03/2018 Lifshitz & Miller LLP Announces Investigation of A. Schulman, Inc., CSRA Inc., Infinity Property and Casualty Corporation, Layn; 13/03/2018 – KEMPER GOT EARLY TERMINATION OF HSR FOR INFINITY PROPERTY DEAL

Highbridge Capital Management Llc increased Cigna Corporation (CI) stake by 2167.39% reported in 2018Q1 SEC filing. Highbridge Capital Management Llc acquired 39,013 shares as Cigna Corporation (CI)’s stock declined 10.20%. The Highbridge Capital Management Llc holds 40,813 shares with $6.85M value, up from 1,800 last quarter. Cigna Corporation now has $42.07B valuation. The stock decreased 0.52% or $0.91 during the last trading session, reaching $172.94. About 1.29M shares traded. Cigna Corporation (NYSE:CI) has risen 8.82% since June 27, 2017 and is uptrending. It has underperformed by 3.75% the S&P500. Some Historical CI News: 08/03/2018 – Cigna Agrees to Buy Express Scripts (Video); 08/03/2018 – EXPRESS SCRIPTS – CIGNA HAS OBTAINED FULLY COMMITTED DEBT FINANCING FROM MORGAN STANLEY SENIOR FUNDING, INC. AND BANK OF TOKYO-MITSUBISHI UFJ, LTD; 28/03/2018 – Cigna’s Partnership with Physicians Successfully Reduces Opioid Use by 25 Percent – One Year Ahead of Goal; 08/03/2018 – Cigna to Buy Express Scripts in $67B Deal (Video); 28/03/2018 – FDA’s Gottlieb eyes PBM consolidation impact on generic entry-CNBC; 29/05/2018 – AUSTRALIA AND NEW ZEALAND BANKING GROUP – SALE INCLUDED A 20-YEAR STRATEGIC ALLIANCE FOR CIGNA TO PROVIDE INSURANCE SOLUTIONS FOR ANZ BANK CUSTOMERS; 08/03/2018 – EXPRESS SCRIPTS – CIGNA’S HEADQUARTERS IN BLOOMFIELD, CONNECTICUT, TO BECOME HEADQUARTERS FOR COMBINED CO; 15/03/2018 – Cigna: Henney’s Decision Based on Her Role as Director of AmerisourceBergen, Cigna’s Deal for Express Scripts; 09/03/2018 – MOODY’S PLACES CIGNA’S RATINGS ON REVIEW FOR DOWNGRADE AFTER; 04/05/2018 – Cigna CEO David Cordani is trying to quell concerns that regulators will scrutinize and even block his company’s acquisition of Express Scripts

More recent Cigna Corporation (NYSE:CI) news were published by: Seekingalpha.com which released: “Here Comes The Next Biotech Revolution” on June 26, 2018. Also Globenewswire.com published the news titled: “Recent Analysis Shows Cigna, Basic Energy Services, KalVista Pharmaceuticals, QuinStreet, Armstrong World …” on June 25, 2018. Fool.com‘s news article titled: “3 Big Implications of the AT&T-Time Warner Decision” with publication date: June 13, 2018 was also an interesting one.

Among 22 analysts covering CIGNA (NYSE:CI), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. CIGNA had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, August 4 by Jefferies. Oppenheimer maintained the stock with “Buy” rating in Friday, August 4 report. Jefferies maintained Cigna Corporation (NYSE:CI) on Tuesday, October 10 with “Buy” rating. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Cowen & Co on Thursday, July 13. The firm has “Outperform” rating by RBC Capital Markets given on Monday, May 8. Jefferies maintained it with “Buy” rating and $243.0 target in Friday, January 12 report. RBC Capital Markets maintained the shares of CI in report on Thursday, October 12 with “Buy” rating. Piper Jaffray maintained Cigna Corporation (NYSE:CI) rating on Sunday, August 6. Piper Jaffray has “Buy” rating and $19100 target. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 11. Credit Suisse maintained the stock with “Outperform” rating in Monday, March 12 report.

Highbridge Capital Management Llc decreased Lockheed Martin Corp (Call) (NYSE:LMT) stake by 2,500 shares to 600 valued at $203,000 in 2018Q1. It also reduced Infinera Corporation (Put) (NASDAQ:INFN) stake by 54,900 shares and now owns 17,100 shares. Edgewell Pers Care Co was reduced too.

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.08, from 0.91 in 2017Q4. It dropped, as 85 investors sold CI shares while 281 reduced holdings. 105 funds opened positions while 200 raised stakes. 206.15 million shares or 1.00% less from 208.24 million shares in 2017Q4 were reported. Kentucky Retirement Systems stated it has 0.18% in Cigna Corporation (NYSE:CI). Fifth Third Bankshares holds 0.01% or 8,298 shares in its portfolio. Gulf Int Fincl Bank (Uk) Limited has 0.17% invested in Cigna Corporation (NYSE:CI). The New York-based Quantbot Tech LP has invested 0.28% in Cigna Corporation (NYSE:CI). First Midwest Bancorp Tru Division holds 0.07% or 3,130 shares in its portfolio. Qs Lc reported 88,100 shares. Meritage Portfolio Mgmt accumulated 37,326 shares. Huntington Natl Bank invested 0% of its portfolio in Cigna Corporation (NYSE:CI). Narwhal Mngmt holds 0.58% of its portfolio in Cigna Corporation (NYSE:CI) for 14,875 shares. Boyer Corporon Wealth Mgmt Llc holds 1.07% or 15,014 shares. Captrust Financial Advsr holds 8 shares. Great West Life Assurance Company Can accumulated 328,293 shares. Burke And Herbert National Bank & Trust And Co stated it has 0.76% of its portfolio in Cigna Corporation (NYSE:CI). Plante Moran Advsrs Ltd Liability Co, a Michigan-based fund reported 62 shares. Moreover, Putnam Llc has 0.53% invested in Cigna Corporation (NYSE:CI).

Since January 10, 2018, it had 0 insider buys, and 11 sales for $17.48 million activity. The insider ZOLLARS WILLIAM D sold $46,886. Hocevar Christopher J sold $529,287 worth of stock or 2,759 shares. The insider ZARCONE DONNA F sold $1.29 million. The insider HENNEY JANE E MD sold 400 shares worth $85,184. MURABITO JOHN M had sold 6,099 shares worth $1.34M. The insider Agoglia Hoeltzel Mary T sold 1,000 shares worth $176,187. 5,856 shares were sold by Jones Nicole S, worth $1.12M.

Investors sentiment increased to 1.15 in Q1 2018. Its up 0.10, from 1.05 in 2017Q4. It increased, as 21 investors sold Infinity Property and Casualty Corporation shares while 44 reduced holdings. 31 funds opened positions while 44 raised stakes. 9.43 million shares or 7.48% less from 10.20 million shares in 2017Q4 were reported. Victory Mgmt holds 213,890 shares or 0.06% of its portfolio. Sg Americas Secs Limited Liability has 0.11% invested in Infinity Property and Casualty Corporation (NASDAQ:IPCC). Ny State Common Retirement Fund reported 16,821 shares. Moreover, Prudential Financial Incorporated has 0% invested in Infinity Property and Casualty Corporation (NASDAQ:IPCC) for 18,806 shares. Bluefin Trading Limited Liability Co owns 29,126 shares for 0.23% of their portfolio. Pinebridge Invests Limited Partnership owns 22,603 shares or 0.06% of their US portfolio. Bancshares Of America Corp De, North Carolina-based fund reported 85,934 shares. Parkside Fin Fincl Bank & Tru has 126 shares. Commercial Bank Of Ny Mellon Corp has invested 0% in Infinity Property and Casualty Corporation (NASDAQ:IPCC). State Of Alaska Department Of Revenue, Alaska-based fund reported 3,529 shares. Blackrock has 1.44M shares. Ameritas Invest Prtn holds 0.01% in Infinity Property and Casualty Corporation (NASDAQ:IPCC) or 885 shares. State Of Tennessee Treasury Department holds 0% or 7,800 shares in its portfolio. Great West Life Assurance Can owns 0% invested in Infinity Property and Casualty Corporation (NASDAQ:IPCC) for 15,007 shares. The California-based First Republic Investment Management Inc has invested 0.02% in Infinity Property and Casualty Corporation (NASDAQ:IPCC).

Among 2 analysts covering Infinity Property and Casualty (NASDAQ:IPCC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Infinity Property and Casualty had 10 analyst reports since September 16, 2015 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, February 13. On Wednesday, September 16 the stock rating was initiated by JMP Securities with “Market Outperform”. The company was upgraded on Thursday, July 13 by Raymond James. The rating was downgraded by Raymond James to “Mkt Perform” on Friday, January 20. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Mkt Perform” rating on Tuesday, November 1 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, September 20. As per Monday, December 4, the company rating was maintained by Keefe Bruyette & Woods.

Infinity Property and Casualty Corporation (NASDAQ:IPCC) Institutional Positions Chart