Mutual Advisors LLC Has $1.43 Million Position in The Cigna Group (NYSE:CI)

Mutual Advisors LLC increased its holdings in shares of The Cigna Group (NYSE:CI) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,075 shares of the health services provider’s stock after acquiring an additional 346 shares during the period. Mutual Advisors LLC’s holdings in The Cigna Group were worth $1,426,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. IFG Advisors LLC boosted its position in The Cigna Group by 4.6% in the third quarter. IFG Advisors LLC now owns 699 shares of the health services provider’s stock valued at $242,000 after buying an additional 31 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in The Cigna Group by 4.7% in the third quarter. McClarren Financial Advisors Inc. now owns 692 shares of the health services provider’s stock valued at $240,000 after buying an additional 31 shares in the last quarter. SPC Financial Inc. lifted its position in shares of The Cigna Group by 0.7% during the second quarter. SPC Financial Inc. now owns 5,119 shares of the health services provider’s stock worth $1,692,000 after purchasing an additional 34 shares in the last quarter. Castle Rock Wealth Management LLC grew its stake in shares of The Cigna Group by 0.5% during the third quarter. Castle Rock Wealth Management LLC now owns 6,651 shares of the health services provider’s stock valued at $2,263,000 after purchasing an additional 34 shares during the last quarter. Finally, Adero Partners LLC grew its stake in shares of The Cigna Group by 4.5% during the third quarter. Adero Partners LLC now owns 788 shares of the health services provider’s stock valued at $273,000 after purchasing an additional 34 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

The Cigna Group Trading Down 0.3 %

Shares of NYSE:CI opened at $294.18 on Friday. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $297.72 and its 200 day simple moving average is $325.82. The firm has a market cap of $81.82 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 0.78 and a beta of 0.54.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period last year, the business posted $6.77 earnings per share. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, research analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on CI shares. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of The Cigna Group in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays increased their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and set a $394.00 price target (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. Finally, Truist Financial decreased their price target on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $395.93.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.