Cigna Group $CI Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in Cigna Group (NYSE:CI) by 47.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,207 shares of the health services provider’s stock after buying an additional 1,991 shares during the period. AE Wealth Management LLC’s holdings in Cigna Group were worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CI. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cigna Group by 11.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,235 shares of the health services provider’s stock worth $13,039,000 after buying an additional 4,738 shares in the last quarter. Maj Invest Holding A S increased its holdings in shares of Cigna Group by 2.4% during the third quarter. Maj Invest Holding A S now owns 422,728 shares of the health services provider’s stock valued at $121,854,000 after purchasing an additional 10,042 shares during the period. SCS Capital Management LLC raised its stake in shares of Cigna Group by 39.1% during the second quarter. SCS Capital Management LLC now owns 30,633 shares of the health services provider’s stock valued at $10,127,000 after purchasing an additional 8,609 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Cigna Group by 3.9% during the second quarter. Retirement Systems of Alabama now owns 165,487 shares of the health services provider’s stock valued at $54,707,000 after purchasing an additional 6,155 shares in the last quarter. Finally, Natixis lifted its holdings in Cigna Group by 69.5% in the second quarter. Natixis now owns 223,884 shares of the health services provider’s stock worth $74,012,000 after purchasing an additional 91,794 shares during the period. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 4th. Robert W. Baird lowered their target price on Cigna Group from $372.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. TD Cowen set a $333.00 price target on shares of Cigna Group in a report on Monday, December 15th. Guggenheim restated a “buy” rating and set a $318.00 price objective on shares of Cigna Group in a research report on Monday. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $355.00 price objective on shares of Cigna Group in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.84.

Cigna Group Stock Performance

NYSE CI opened at $271.13 on Tuesday. 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 company has a fifty day moving average price of $274.55 and a 200-day moving average price of $284.19. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The firm has a market cap of $72.43 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.97 and a beta of 0.27.

Cigna Group Company Profile

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.