The Bank of N.T. Butterfield & Son Limited (NTB) Reaches $40.23 52-Week High; Tremblant Capital Group Boosted Its Cigna (CI) Position

January 14, 2018 - By Marguerite Chambers

Tremblant Capital Group increased Cigna Corporation (CI) stake by 12.87% reported in 2017Q3 SEC filing. Tremblant Capital Group acquired 25,233 shares as Cigna Corporation (CI)’s stock rose 11.09%. The Tremblant Capital Group holds 221,250 shares with $41.36M value, up from 196,017 last quarter. Cigna Corporation now has $52.61B valuation. The stock increased 1.19% or $2.5 during the last trading session, reaching $213.39. About 1.15 million shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since January 14, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

The stock of The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) hit a new 52-week high and has $41.84 target or 4.00% above today’s $40.23 share price. The 7 months bullish chart indicates low risk for the $2.20B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $41.84 price target is reached, the company will be worth $88.00 million more. The stock decreased 0.30% or $0.12 during the last trading session, reaching $40.23. About 279,351 shares traded. The Bank of N.T. Butterfield & Son Limited (NYSE:NTB) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Since August 7, 2017, it had 0 insider purchases, and 7 sales for $8.11 million activity. ZOLLARS WILLIAM D had sold 1,232 shares worth $230,662. Shares for $6.65 million were sold by Sadler Jason D on Monday, August 7. Hoeltzel Mary T sold 525 shares worth $93,232. The insider HARRIS ISAIAH JR sold $44,382. $647,360 worth of Cigna Corporation (NYSE:CI) shares were sold by Triplett Michael W. Another trade for 2,236 shares valued at $402,366 was made by Bacus Lisa R on Wednesday, August 16.

Among 19 analysts covering CIGNA (NYSE:CI), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. CIGNA had 53 analyst reports since July 27, 2015 according to SRatingsIntel. The company was initiated on Wednesday, January 3 by Goldman Sachs. The firm has “Buy” rating by Jefferies given on Tuesday, September 5. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, August 18 report. The rating was maintained by UBS with “Buy” on Monday, June 5. The company was maintained on Thursday, June 15 by Oppenheimer. The firm has “Overweight” rating by Morgan Stanley given on Thursday, August 17. As per Friday, November 3, the company rating was initiated by Credit Suisse. The firm has “Sector Perform” rating given on Monday, November 9 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, October 12 with “Buy”. The stock has “Hold” rating by Evercore on Friday, September 23.

Investors sentiment is 0.96 in Q3 2017. Its the same as in 2017Q2. It is without 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. Ifrah Inc reported 1,328 shares stake. Lucus Limited Liability holds 0.49% in Cigna Corporation (NYSE:CI) or 1,859 shares. Sterling Ltd Llc has 0.15% invested in Cigna Corporation (NYSE:CI) for 82,940 shares. Mechanics State Bank Trust Department holds 0.16% of its portfolio in Cigna Corporation (NYSE:CI) for 3,500 shares. Carlson Capital Limited Partnership has invested 0.43% in Cigna Corporation (NYSE:CI). Cetera Advsr Lc stated it has 8,084 shares or 0.09% of all its holdings. Kentucky Retirement Systems Insur Trust Fund holds 6,770 shares. Smith Graham And Inv Advsrs Limited Partnership reported 0.75% in Cigna Corporation (NYSE:CI). Mitsubishi Ufj Trust And Bk holds 572,223 shares or 0.2% of its portfolio. State Bank Of Stockton holds 0.67% or 7,888 shares in its portfolio. Sumitomo Mitsui Trust Holdg, a Japan-based fund reported 738,897 shares. Guinness Asset Management Limited holds 43 shares. Scotia Capital, Ontario – Canada-based fund reported 5,832 shares. Ardsley Advisory Ptnrs owns 3,500 shares or 0.09% of their US portfolio. Greenwich Wealth Mgmt Lc reported 14,649 shares.

The Bank of N.T. Butterfield & Son Limited, a community bank, provides various specialized financial services to individuals, and small to medium-sized and privately owned businesses primarily in Bermuda. The company has market cap of $2.20 billion. The firm accepts retail and corporate checking, savings, term, and non-interest bearing deposits, as well as certificates of deposits. It has a 21.47 P/E ratio. The Company’s lending portfolio includes residential mortgage lending, automobile financing, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans.

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