Simon Quick Advisors LLC Has $419,000 Stock Position in The Cigna Group (NYSE:CI)

Simon Quick Advisors LLC cut its holdings in shares of The Cigna Group (NYSE:CI) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,518 shares of the health services provider’s stock after selling 159 shares during the quarter. Simon Quick Advisors LLC’s holdings in The Cigna Group were worth $419,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 1832 Asset Management L.P. grew its position in The Cigna Group by 6.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 4,299 shares of the health services provider’s stock worth $1,421,000 after purchasing an additional 252 shares during the last quarter. Public Sector Pension Investment Board grew 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 in the last quarter. Insigneo Advisory Services LLC grew its position in The Cigna Group by 11.9% during the second quarter. Insigneo Advisory Services LLC now owns 1,961 shares of the health services provider’s stock worth $639,000 after buying an additional 209 shares in the last quarter. Caxton Associates LP acquired a new position in The Cigna Group in the 2nd quarter valued at approximately $1,122,000. Finally, AlTi Global Inc. lifted its position in shares of The Cigna Group by 26.3% in the 2nd quarter. AlTi Global Inc. now owns 1,153 shares of the health services provider’s stock worth $381,000 after acquiring an additional 240 shares during the period. 86.99% of the stock is owned by institutional investors.

The Cigna Group Stock Performance

The Cigna Group stock opened at $294.98 on Friday. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The stock has a 50-day simple moving average of $298.30 and a 200 day simple moving average of $326.03. 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 stock has a market capitalization of $82.05 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 0.78 and a beta of 0.54.

The Cigna Group (NYSE:CI) last announced its 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 Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The company had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same period in the prior year, the business earned $6.77 earnings per share. The Cigna Group’s quarterly revenue was up 29.8% on a year-over-year basis. On average, research analysts anticipate that The Cigna Group will post 28.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CI. Stephens restated an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. StockNews.com lowered shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. 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 report on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut 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 research note on Monday, November 4th. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.