BDF Gestion Has $2.31 Million Stake in The Cigna Group (NYSE:CI)

BDF Gestion trimmed its stake in The Cigna Group (NYSE:CI) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,381 shares of the health services provider’s stock after selling 1,090 shares during the period. BDF Gestion’s holdings in The Cigna Group were worth $2,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Algert Global LLC bought a new stake in The Cigna Group during the second quarter valued at $523,000. NewEdge Advisors LLC boosted its position in The Cigna Group by 36.5% during the second quarter. NewEdge Advisors LLC now owns 19,522 shares of the health services provider’s stock valued at $6,453,000 after acquiring an additional 5,224 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position 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 during the last quarter. EP Wealth Advisors LLC boosted its position in The Cigna Group by 13.2% during the second 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. Finally, Cetera Investment Advisers boosted its position in The Cigna Group by 1.4% during the second quarter. Cetera Investment Advisers now owns 63,156 shares of the health services provider’s stock valued at $20,878,000 after acquiring an additional 895 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CI has been the topic of a number of research analyst reports. Barclays upped their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Royal Bank of Canada cut their price objective 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. Truist Financial cut their price objective on shares of The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Trading Up 0.2 %

Shares of CI stock opened at $303.49 on Thursday. The Cigna Group has a 12-month low of $262.03 and a 12-month 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 PEG ratio of 0.78 and a beta of 0.54. The company has a 50 day moving average of $296.45 and a 200-day moving average of $325.14.

The Cigna Group (NYSE:CI) last posted its quarterly earnings data 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 return on equity of 18.42% and a net margin of 1.31%. During the same quarter in the prior year, the company earned $6.79 EPS. Sell-side 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.