National Pension Service Acquires 21,203 Shares of Cigna Group $CI

National Pension Service increased its holdings in Cigna Group (NYSE:CI) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 683,751 shares of the health services provider’s stock after purchasing an additional 21,203 shares during the quarter. National Pension Service owned approximately 0.26% of Cigna Group worth $197,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CI. Pathway Financial Advisers LLC lifted its stake in shares of Cigna Group by 2.3% in the second quarter. Pathway Financial Advisers LLC now owns 1,501 shares of the health services provider’s stock worth $496,000 after acquiring an additional 34 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Cigna Group by 17.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 226 shares of the health services provider’s stock worth $65,000 after purchasing an additional 34 shares during the last quarter. HM Payson & Co. lifted its position in shares of Cigna Group by 0.9% in the 3rd quarter. HM Payson & Co. now owns 3,785 shares of the health services provider’s stock worth $1,091,000 after purchasing an additional 35 shares during the period. Carr Financial Group Corp boosted its stake in shares of Cigna Group by 5.3% in the 3rd quarter. Carr Financial Group Corp now owns 709 shares of the health services provider’s stock valued at $204,000 after purchasing an additional 36 shares during the last quarter. Finally, Natural Investments LLC increased its position in shares of Cigna Group by 2.0% during the third quarter. Natural Investments LLC now owns 1,843 shares of the health services provider’s stock worth $531,000 after buying an additional 36 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Zacks Research raised shares of Cigna Group from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. Wolfe Research decreased their target price on Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. Jefferies Financial Group reissued a “buy” rating and issued a $310.00 price target on shares of Cigna Group in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald reduced their price objective on shares of Cigna Group from $365.00 to $325.00 in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.84.

Insider Transactions at Cigna Group

In related news, CEO David Cordani acquired 4,134 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $241.88 per share, with a total value of $999,931.92. Following the acquisition, the chief executive officer owned 157,935 shares of the company’s stock, valued at approximately $38,201,317.80. This trade represents a 2.69% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Cigna Group Stock Performance

Shares of CI stock opened at $273.69 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $274.57 and a two-hundred day simple moving average of $284.53. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00. The firm has a market capitalization of $73.11 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 0.96 and a beta of 0.26.

Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The firm had revenue of $69.57 billion during the quarter, compared to analysts’ expectations of $66.40 billion. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The business’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $7.51 earnings per share. Analysts forecast that Cigna Group will post 29.77 EPS for the current fiscal year.

About Cigna Group

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.