First Affirmative Financial Network Acquires 75 Shares of The Cigna Group (NYSE:CI)

First Affirmative Financial Network raised its holdings in shares of The Cigna Group (NYSE:CI) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,537 shares of the health services provider’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in The Cigna Group during the fourth quarter worth $34,000. Ulland Investment Advisors LLC boosted its stake 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 worth $36,000 after purchasing an additional 100 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of The Cigna Group during the 3rd quarter worth about $37,000. Harbor Capital Advisors Inc. purchased a new stake in The Cigna Group in the 3rd quarter worth about $45,000. Finally, Intact Investment Management Inc. bought a new stake in The Cigna Group in the third quarter worth about $69,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

The Cigna Group Price Performance

Shares of NYSE CI opened at $303.49 on Thursday. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. 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 firm has a market cap of $84.42 billion, a P/E ratio of 28.63, a P/E/G ratio of 0.78 and a beta of 0.54. The business’s 50 day moving average price is $296.45 and its 200 day moving average price is $325.14.

The Cigna Group (NYSE:CI) last posted its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the company earned $6.79 EPS. On average, sell-side analysts expect that The Cigna Group will post 28.5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CI. Deutsche Bank Aktiengesellschaft reduced their price target on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of The Cigna Group in a research report on Wednesday, October 23rd. Royal Bank of Canada reduced 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 note on Friday, November 1st. Barclays lifted their target price 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. Finally, Piper Sandler restated an “overweight” rating and issued a $394.00 price target (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Cigna Group presently has an average rating of “Buy” and an average target price of $395.93.

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.