First Affirmative Financial Network Has $424,000 Stock Position in The Cigna Group (NYSE:CI)

First Affirmative Financial Network raised its stake in The Cigna Group (NYSE:CI) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,537 shares of the health services provider’s stock after acquiring an additional 75 shares during the quarter. First Affirmative Financial Network’s holdings in The Cigna Group were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CI. Algert Global LLC bought a new position in The Cigna Group during the second quarter worth $523,000. NewEdge Advisors LLC increased its holdings in shares of The Cigna Group by 36.5% during the second quarter. NewEdge Advisors LLC now owns 19,522 shares of the health services provider’s stock valued at $6,453,000 after acquiring an additional 5,224 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of The Cigna Group by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,675 shares of the health services provider’s stock valued at $6,836,000 after buying an additional 272 shares in the last quarter. EP Wealth Advisors LLC lifted its position in The Cigna Group by 13.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 5,434 shares of the health services provider’s stock valued at $1,796,000 after acquiring an additional 633 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of The Cigna Group by 1.4% during the second quarter. Cetera Investment Advisers now owns 63,156 shares of the health services provider’s stock valued at $20,878,000 after buying an additional 895 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Price Performance

Shares of CI opened at $303.49 on Thursday. The firm has a market cap of $84.42 billion, a PE ratio of 28.63, a P/E/G ratio of 0.78 and a beta of 0.54. 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 Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The firm has a fifty day simple moving average of $296.45 and a two-hundred day simple 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 earnings per share for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. During the same period in the previous year, the company earned $6.79 EPS. On average, equities analysts anticipate that The Cigna Group will post 28.5 EPS for the current year.

Wall Street Analysts Forecast Growth

CI has been the topic of several recent research reports. 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. StockNews.com cut shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Truist Financial dropped their target price on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Royal Bank of Canada dropped their price target on 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $394.00 price target (up from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $395.93.

The Cigna Group 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.