Beaumont Financial Advisors LLC Lowers Stock Holdings in The Cigna Group (NYSE:CI)

Beaumont Financial Advisors LLC lessened its position in The Cigna Group (NYSE:CI) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,508 shares of the health services provider’s stock after selling 150 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in The Cigna Group were worth $416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CI. Benjamin F. Edwards & Company Inc. grew its holdings in shares of The Cigna Group by 1.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,206 shares of the health services provider’s stock valued at $729,000 after purchasing an additional 31 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of The Cigna Group by 7.1% in the second quarter. AE Wealth Management LLC now owns 3,812 shares of the health services provider’s stock worth $1,260,000 after acquiring an additional 252 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of The Cigna Group by 6.2% during the second quarter. 1832 Asset Management L.P. now owns 4,299 shares of the health services provider’s stock worth $1,421,000 after acquiring an additional 252 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of The Cigna Group by 14.6% in the second quarter. EverSource Wealth Advisors LLC now owns 984 shares of the health services provider’s stock valued at $343,000 after acquiring an additional 125 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of The Cigna Group by 68.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 11,003 shares of the health services provider’s stock valued at $3,637,000 after buying an additional 4,471 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CI. Stephens restated an “overweight” rating and set a $410.00 target price on shares of The Cigna Group in a research note on Friday, November 1st. Royal Bank of Canada decreased their price objective on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays raised their price target on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. Finally, Truist Financial decreased their target price on The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $395.93.

The Cigna Group Trading Up 0.2 %

NYSE CI opened at $289.04 on Thursday. The firm’s fifty day moving average is $299.16 and its two-hundred day moving average is $326.29. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $80.40 billion, a PE ratio of 27.27, a P/E/G ratio of 0.77 and a beta of 0.54.

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