Busey Bank Acquires 2,980 Shares of The Cigna Group (NYSE:CI)

Busey Bank increased its holdings in The Cigna Group (NYSE:CI) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,688 shares of the health services provider’s stock after purchasing an additional 2,980 shares during the quarter. Busey Bank’s holdings in The Cigna Group were worth $15,378,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on CI shares. Stephens restated an “overweight” rating and issued a $410.00 price target on shares of The Cigna Group in a research note on Friday, November 1st. StockNews.com cut The Cigna Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada decreased their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Barclays raised their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft dropped 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 report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $395.93.

The Cigna Group Price Performance

Shares of CI opened at $303.49 on Thursday. 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 has a market cap of $84.42 billion, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a 50 day moving average of $296.45 and a two-hundred day moving average of $325.14.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 EPS for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. During the same period last year, the company posted $6.79 EPS. As a group, analysts predict that The Cigna Group will post 28.5 earnings per share 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.