MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $6.71 Million Holdings in The Cigna Group (NYSE:CI)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its stake in shares of The Cigna Group (NYSE:CI) by 4.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,375 shares of the health services provider’s stock after selling 1,055 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in The Cigna Group were worth $6,707,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. 1832 Asset Management L.P. raised its holdings 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 valued at $1,421,000 after purchasing an additional 252 shares during the period. Public Sector Pension Investment Board raised its stake in The Cigna Group by 68.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 11,003 shares of the health services provider’s stock worth $3,637,000 after buying an additional 4,471 shares during the period. Insigneo Advisory Services LLC boosted its holdings in The Cigna Group by 11.9% in the second quarter. Insigneo Advisory Services LLC now owns 1,961 shares of the health services provider’s stock worth $639,000 after acquiring an additional 209 shares in the last quarter. Caxton Associates LP acquired a new stake in The Cigna Group in the second quarter valued at approximately $1,122,000. Finally, AlTi Global Inc. increased its holdings in shares of The Cigna Group by 26.3% during the second quarter. AlTi Global Inc. now owns 1,153 shares of the health services provider’s stock valued at $381,000 after acquiring an additional 240 shares in the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Up 2.1 %

CI stock opened at $294.98 on Friday. The stock has a market cap of $82.05 billion, a P/E ratio of 27.83, 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 stock’s fifty day simple moving average is $298.30 and its two-hundred day simple moving average is $326.03. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83.

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 for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The company had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 EPS. Analysts expect that The Cigna Group will post 28.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $394.00 price objective (up from $392.00) on shares of The Cigna Group in a research note on Tuesday, November 5th. Stephens reissued an “overweight” rating and set a $410.00 target price on shares of The Cigna Group in a research report on Friday, November 1st. StockNews.com cut shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Finally, Truist Financial decreased their price objective on The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a report on Monday, January 6th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.