Ally Finl (ALLY) Stake Maintained by Basswood Capital Management Llc; Cigna (CI) Stake Has Raised by Kanawha Capital Management Llc

February 23, 2018 - By Hazel Jackson

Kanawha Capital Management Llc increased its stake in Cigna Corp (CI) by 65.75% based on its latest 2017Q3 regulatory filing with the SEC. Kanawha Capital Management Llc bought 2,089 shares as the company’s stock rose 11.09% with the market. The institutional investor held 5,266 shares of the medical specialities company at the end of 2017Q3, valued at $984,000, up from 3,177 at the end of the previous reported quarter. Kanawha Capital Management Llc who had been investing in Cigna Corp for a number of months, seems to be bullish on the $46.82 billion market cap company. The stock increased 0.13% or $0.25 during the last trading session, reaching $191.9. About 1.11 million shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since February 23, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

Matthew Lindenbaum increased its stake in Ally Finl Inc (ALLY) by 29.39% based on its latest 2017Q3 regulatory filing with the SEC. Basswood Capital Management Llc bought 1.33 million shares as the company’s stock declined 19.04% while stock markets rallied. The hedge fund run by Matthew Lindenbaum held 5.84M shares of the consumer services company at the end of 2017Q3, valued at $141.70M, up from 4.51M at the end of the previous reported quarter. Basswood Capital Management Llc who had been investing in Ally Finl Inc for a number of months, seems to be bullish on the $12.19 billion market cap company. The stock decreased 1.83% or $0.52 during the last trading session, reaching $27.89. About 1.89 million shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since February 23, 2017 and is uptrending. It has underperformed by 3.98% the S&P500.




Among 23 analysts covering Ally Financial (NYSE:ALLY), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Ally Financial had 61 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 16 by BTIG Research. The firm earned “Buy” rating on Wednesday, October 25 by BTIG Research. Wells Fargo maintained Ally Financial Inc. (NYSE:ALLY) rating on Wednesday, January 31. Wells Fargo has “Buy” rating and $35.0 target. Wells Fargo downgraded Ally Financial Inc. (NYSE:ALLY) on Wednesday, April 27 to “Market Perform” rating. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The stock of Ally Financial Inc. (NYSE:ALLY) has “Overweight” rating given on Tuesday, January 2 by Barclays Capital. Keefe Bruyette & Woods maintained Ally Financial Inc. (NYSE:ALLY) on Thursday, July 27 with “Buy” rating. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, January 31 report. Piper Jaffray maintained the shares of ALLY in report on Tuesday, January 30 with “Buy” rating. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by Wood on Friday, April 7.

Basswood Capital Management Llc, which manages about $2.47B and $2.18B US Long portfolio, decreased its stake in Dana Incorporated (NYSE:DAN) by 63,781 shares to 162,469 shares, valued at $4.54M in 2017Q3, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 28,645 shares in the quarter, leaving it with 394,517 shares, and cut its stake in Bofi Hldg Inc (NASDAQ:BOFI).

Among 20 analysts covering CIGNA (NYSE:CI), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. CIGNA had 59 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, February 2 the stock rating was maintained by Leerink Swann with “Buy”. Evercore initiated the shares of CI in report on Friday, September 23 with “Hold” rating. The rating was maintained by RBC Capital Markets on Monday, September 11 with “Buy”. Jefferies maintained it with “Buy” rating and $231.0 target in Thursday, November 2 report. As per Thursday, February 1, the company rating was maintained by Piper Jaffray. RBC Capital Markets maintained Cigna Corporation (NYSE:CI) rating on Monday, August 7. RBC Capital Markets has “Buy” rating and $18500 target. The stock of Cigna Corporation (NYSE:CI) earned “Overweight” rating by Piper Jaffray on Wednesday, January 4. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, August 18. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Wednesday, June 7 by Jefferies. Citigroup initiated the stock with “Buy” rating in Friday, October 2 report.

Kanawha Capital Management Llc, which manages about $739.11M and $654.40M US Long portfolio, decreased its stake in General Electric (NYSE:GE) by 18,231 shares to 397,888 shares, valued at $9.62 million in 2017Q3, according to the filing. It also reduced its holding in Dominion Energy (NYSE:D) by 20,795 shares in the quarter, leaving it with 143,754 shares, and cut its stake in Colgate (NYSE:CL).

Investors sentiment is 0.96 in Q3 2017. Its the same as in 2017Q2. It has no change, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. Cornerstone Advsrs has invested 0.32% in Cigna Corporation (NYSE:CI). Marshall Wace Llp, a United Kingdom-based fund reported 13,370 shares. Advisors reported 4,780 shares stake. Howe & Rusling Incorporated holds 0.08% in Cigna Corporation (NYSE:CI) or 2,384 shares. Guinness Asset Mngmt Limited accumulated 0% or 43 shares. 2,250 are owned by Crawford Inv Counsel. Segall Bryant Hamill Ltd Liability Co has invested 0.03% of its portfolio in Cigna Corporation (NYSE:CI). Sector Gamma As invested in 0.95% or 33,370 shares. Citadel Ltd Llc stated it has 0% in Cigna Corporation (NYSE:CI). Amp Capital Investors Ltd stated it has 0.22% of its portfolio in Cigna Corporation (NYSE:CI). Jfs Wealth Advsrs Ltd Liability Company holds 0.01% in Cigna Corporation (NYSE:CI) or 288 shares. Insight Rech & holds 10,204 shares. Kanawha Capital Mngmt Ltd Co reported 0.15% stake. Balasa Dinverno And Foltz Limited Liability Com holds 0.05% or 1,813 shares. Brinker Capital Inc has invested 0.08% in Cigna Corporation (NYSE:CI).

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