YHB Investment Advisors Inc. Sells 40 Shares of The Cigna Group (NYSE:CI)

YHB Investment Advisors Inc. reduced its position in The Cigna Group (NYSE:CI) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,263 shares of the health services provider’s stock after selling 40 shares during the quarter. YHB Investment Advisors Inc.’s holdings in The Cigna Group were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CI. Algert Global LLC purchased a new position in The Cigna Group in the 2nd quarter worth approximately $523,000. Magnolia Capital Advisors LLC purchased a new position in shares of The Cigna Group in the second quarter worth $236,000. NewEdge Advisors LLC lifted its holdings in shares of The Cigna Group by 36.5% in the second quarter. NewEdge Advisors LLC now owns 19,522 shares of the health services provider’s stock worth $6,453,000 after buying an additional 5,224 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in The Cigna Group by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 20,675 shares of the health services provider’s stock valued at $6,836,000 after acquiring an additional 272 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in The Cigna Group by 13.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 5,434 shares of the health services provider’s stock valued at $1,796,000 after acquiring an additional 633 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com downgraded shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. Barclays raised their price target on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research report on Wednesday, October 23rd. 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. Finally, Stephens reiterated an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $395.93.

The Cigna Group Stock Down 1.0 %

Shares of NYSE CI opened at $302.74 on Wednesday. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. The firm has a 50-day simple moving average of $296.85 and a two-hundred day simple moving average of $325.37. The company has a market cap of $84.21 billion, a P/E ratio of 28.56, a PEG ratio of 0.78 and a beta of 0.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The firm had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The Cigna Group’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company earned $6.77 EPS. Research analysts anticipate that The Cigna Group will post 28.5 earnings per share for the current year.

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.