Callan Family Office LLC Sells 2,614 Shares of Cigna Group $CI

Callan Family Office LLC decreased its holdings in shares of Cigna Group (NYSE:CI) by 8.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,092 shares of the health services provider’s stock after selling 2,614 shares during the quarter. Callan Family Office LLC’s holdings in Cigna Group were worth $8,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its position in shares of Cigna Group by 86,071.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,475,282 shares of the health services provider’s stock worth $1,148,859,000 after purchasing an additional 3,471,249 shares during the last quarter. Norges Bank bought a new position in shares of Cigna Group in the second quarter valued at $1,110,426,000. Arrowstreet Capital Limited Partnership increased its holdings in Cigna Group by 24.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,508,740 shares of the health services provider’s stock worth $829,339,000 after buying an additional 492,045 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Cigna Group by 1,057.2% during the second quarter. Balyasny Asset Management L.P. now owns 404,753 shares of the health services provider’s stock worth $133,803,000 after acquiring an additional 369,775 shares in the last quarter. Finally, Man Group plc raised its holdings in shares of Cigna Group by 215.5% in the 2nd quarter. Man Group plc now owns 532,183 shares of the health services provider’s stock valued at $175,929,000 after purchasing an additional 363,510 shares during the period. 86.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. Wolfe Research cut their price target on Cigna Group from $345.00 to $325.00 and set an “outperform” rating for the company in a report on Wednesday, October 15th. JPMorgan Chase & Co. decreased their price objective on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Cigna Group from $415.00 to $301.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Finally, The Goldman Sachs Group lowered their target price on Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Cigna Group currently has an average rating of “Moderate Buy” and a consensus target price of $323.84.

Cigna Group Price Performance

Shares of NYSE CI opened at $271.13 on Tuesday. The stock has a market capitalization of $72.43 billion, a PE ratio of 11.96, a P/E/G ratio of 0.97 and a beta of 0.27. Cigna Group has a fifty-two week low of $239.51 and a fifty-two week high of $350.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.76. The business has a fifty day moving average price of $274.55 and a two-hundred day moving average price of $284.19.

About Cigna Group

Cigna Group (NYSE: CI) is a global health services company that offers a broad portfolio of healthcare products and insurance solutions for individuals, employers, and governments. Its core businesses include medical and behavioral health plans, dental and vision coverage, pharmacy benefit management, and supplemental health products. Cigna serves a mix of commercial, Medicare, and Medicaid customers and provides workplace benefits such as group health plans and disability and life benefits for employers.

In addition to traditional insurance products, Cigna operates health services and care-delivery platforms designed to manage costs and improve outcomes.