Brighton Jones LLC Grows Holdings in The Cigna Group (NYSE:CI)

Brighton Jones LLC grew its position in shares of The Cigna Group (NYSE:CI) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,736 shares of the health services provider’s stock after purchasing an additional 318 shares during the period. Brighton Jones LLC’s holdings in The Cigna Group were worth $1,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CI. Public Sector Pension Investment Board lifted its position in The Cigna Group by 68.4% during the second 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. Deerfield Management Company L.P. Series C acquired a new stake in shares of The Cigna Group in the second quarter worth approximately $244,000. Daymark Wealth Partners LLC boosted its position in shares of The Cigna Group by 4.3% in the second quarter. Daymark Wealth Partners LLC now owns 2,084 shares of the health services provider’s stock worth $689,000 after acquiring an additional 85 shares during the last quarter. MBB Public Markets I LLC increased its position in The Cigna Group by 1,736.4% during the second quarter. MBB Public Markets I LLC now owns 20,237 shares of the health services provider’s stock worth $6,690,000 after purchasing an additional 19,135 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in The Cigna Group during the second quarter worth approximately $490,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

The Cigna Group Trading Down 0.3 %

NYSE:CI opened at $294.18 on Friday. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The business’s 50-day simple moving average is $297.18 and its 200 day simple moving average is $325.61. 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 stock has a market cap of $81.82 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, beating the consensus estimate of $7.22 by $0.29. The company had revenue of $63.70 billion during the quarter, compared to analysts’ expectations of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted $6.77 EPS. As a group, sell-side analysts predict that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays upped their price objective on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their price objective 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. StockNews.com cut The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Stephens restated an “overweight” rating and issued a $410.00 price target on shares of The Cigna Group in a report on Friday, November 1st. Finally, Royal Bank of Canada reduced their price target on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock 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.