Nepsis Inc. Purchases 5,021 Shares of The Cigna Group (NYSE:CI)

Nepsis Inc. grew its position in shares of The Cigna Group (NYSE:CI) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,456 shares of the health services provider’s stock after buying an additional 5,021 shares during the quarter. The Cigna Group makes up about 2.2% of Nepsis Inc.’s investment portfolio, making the stock its 15th biggest position. Nepsis Inc.’s holdings in The Cigna Group were worth $15,037,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in shares of The Cigna Group by 68.4% during the second quarter. Public Sector Pension Investment Board now owns 11,003 shares of the health services provider’s stock valued at $3,637,000 after purchasing an additional 4,471 shares during the last quarter. Insigneo Advisory Services LLC grew its stake in shares of The Cigna Group by 11.9% during the second quarter. Insigneo Advisory Services LLC now owns 1,961 shares of the health services provider’s stock valued at $639,000 after purchasing an additional 209 shares during the last quarter. Caxton Associates LP bought a new stake in shares of The Cigna Group during the second quarter valued at approximately $1,122,000. AlTi Global Inc. grew its stake in shares of The Cigna Group by 26.3% during the second quarter. AlTi Global Inc. now owns 1,153 shares of the health services provider’s stock valued at $381,000 after purchasing an additional 240 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in The Cigna Group by 0.5% in the second quarter. APG Asset Management N.V. now owns 347,191 shares of the health services provider’s stock valued at $107,087,000 after acquiring an additional 1,778 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CI shares. Stephens reaffirmed an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective 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. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of The Cigna Group in a research note on Wednesday, October 23rd. StockNews.com cut shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Trading Down 0.3 %

Shares of NYSE:CI opened at $294.18 on Friday. 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 has a 12 month low of $262.03 and a 12 month high of $370.83. The company’s fifty day simple moving average is $297.72 and its 200 day simple moving average is $325.82. 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 Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating the consensus estimate of $7.22 by $0.29. The business had revenue of $63.70 billion for the quarter, compared to analysts’ expectations of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.77 EPS. As a group, research analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.

About The Cigna Group

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.