FCG Investment Co Has $1.30 Million Stake in The Cigna Group (NYSE:CI)

FCG Investment Co reduced its stake in shares of The Cigna Group (NYSE:CI) by 22.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,689 shares of the health services provider’s stock after selling 1,338 shares during the quarter. FCG Investment Co’s holdings in The Cigna Group were worth $1,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of The Cigna Group during the 4th quarter worth about $34,000. Ulland Investment Advisors LLC increased its holdings in shares of The Cigna Group by 2,500.0% during the third quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock worth $36,000 after buying an additional 100 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of The Cigna Group in the third quarter valued at approximately $37,000. Harbor Capital Advisors Inc. bought a new position in shares of The Cigna Group in the third quarter valued at approximately $45,000. Finally, Intact Investment Management Inc. acquired a new position in shares of The Cigna Group in the 3rd quarter worth approximately $69,000. 86.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CI. Piper Sandler reiterated an “overweight” rating and issued a $394.00 price objective (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Barclays lifted their price target on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stephens reissued an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, 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. 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.com, The Cigna Group currently has a consensus rating of “Buy” and an average target price of $395.93.

The Cigna Group Trading Up 2.1 %

NYSE CI opened at $294.98 on Friday. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The stock has a 50-day simple moving average of $298.30 and a 200 day simple moving average of $326.03. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $82.05 billion, a PE ratio of 27.83, a P/E/G ratio of 0.78 and a beta of 0.54.

The Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The company had revenue of $63.70 billion during the quarter, compared to analysts’ expectations of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The Cigna Group’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 EPS. Research analysts forecast that The Cigna Group will post 28.5 EPS for the current year.

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.