First Citizens Bank & Trust Co. Has $3.64 Million Position in The Cigna Group (NYSE:CI)

First Citizens Bank & Trust Co. lessened its holdings in shares of The Cigna Group (NYSE:CI) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,184 shares of the health services provider’s stock after selling 61 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Cigna Group were worth $3,641,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CI. ORG Wealth Partners LLC acquired a new stake in The Cigna Group during the 4th quarter worth $34,000. Ulland Investment Advisors LLC grew its holdings in 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 acquiring an additional 100 shares during the period. Prospera Private Wealth LLC acquired a new stake in The Cigna Group during the 3rd quarter worth $37,000. Harbor Capital Advisors Inc. acquired a new stake in The Cigna Group during the 3rd quarter worth $45,000. Finally, Intact Investment Management Inc. acquired a new stake in The Cigna Group during the 3rd quarter worth $69,000. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Trading Down 0.3 %

CI opened at $294.18 on Friday. The stock has a market capitalization of $81.82 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.78 and a beta of 0.54. The Cigna Group has a 12 month low of $262.03 and a 12 month high of $370.83. The firm’s fifty day simple moving average is $297.18 and its 200 day simple moving average is $325.61. 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 (NYSE:CI) last issued its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping the consensus estimate of $7.22 by $0.29. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The firm had revenue of $63.70 billion for the quarter, compared to analysts’ expectations of $59.58 billion. During the same period in the previous year, the firm posted $6.77 EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, research analysts anticipate that The Cigna Group will post 28.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of analyst reports. Royal Bank of Canada lowered their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays boosted their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. StockNews.com lowered shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of The Cigna Group in a report on Wednesday, October 23rd. One equities 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 company’s stock. Based on data from MarketBeat, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $395.93.

About The Cigna Group

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.