Cigna Group $CI Shares Bought by Maj Invest Holding A S

Maj Invest Holding A S raised its stake in shares of Cigna Group (NYSE:CI) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 422,728 shares of the health services provider’s stock after acquiring an additional 10,042 shares during the period. Cigna Group makes up 4.2% of Maj Invest Holding A S’s holdings, making the stock its 14th biggest holding. Maj Invest Holding A S owned approximately 0.16% of Cigna Group worth $121,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Cigna Group

In other news, CEO David Cordani purchased 4,134 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $241.88 per share, with a total value of $999,931.92. Following the completion of the transaction, the chief executive officer directly owned 157,935 shares in the company, valued at approximately $38,201,317.80. This represents a 2.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CI shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. Leerink Partners cut their target price on shares of Cigna Group from $300.00 to $270.00 in a research note on Friday, October 31st. Truist Financial increased their target price on shares of Cigna Group from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, January 5th. Raymond James Financial restated a “strong-buy” rating on shares of Cigna Group in a research note on Monday, November 3rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $310.00 price objective on shares of Cigna Group in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $330.36.

Cigna Group Stock Performance

Shares of CI stock opened at $280.81 on Tuesday. The company has a market cap of $75.01 billion, a P/E ratio of 12.39, a PEG ratio of 0.98 and a beta of 0.26. The firm has a fifty day moving average price of $274.66 and a 200 day moving average price of $285.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74. Cigna Group has a 12 month low of $239.51 and a 12 month high of $350.00.

Cigna Group (NYSE:CI) last released its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The business had revenue of $69.57 billion for the quarter, compared to the consensus estimate of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Sell-side analysts predict that Cigna Group will post 29.77 earnings per share 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.