Marco Investment Management LLC Increases Stock Holdings in Cigna Group $CI

Marco Investment Management LLC raised its holdings in Cigna Group (NYSE:CI) by 28.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 92,158 shares of the health services provider’s stock after buying an additional 20,362 shares during the quarter. Cigna Group comprises 2.0% of Marco Investment Management LLC’s holdings, making the stock its 14th largest position. Marco Investment Management LLC’s holdings in Cigna Group were worth $26,565,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Cigna Group by 11.7% during the third 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 during the period. Maj Invest Holding A S lifted 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 worth $121,854,000 after purchasing an additional 10,042 shares during the period. SCS Capital Management LLC increased its holdings in Cigna Group by 39.1% in the 2nd quarter. SCS Capital Management LLC now owns 30,633 shares of the health services provider’s stock worth $10,127,000 after buying an additional 8,609 shares during the period. National Pension Service increased its holdings in Cigna Group by 3.2% in the 3rd quarter. National Pension Service now owns 683,751 shares of the health services provider’s stock worth $197,091,000 after buying an additional 21,203 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Cigna Group by 3.9% during the 2nd quarter. Retirement Systems of Alabama now owns 165,487 shares of the health services provider’s stock valued at $54,707,000 after acquiring an additional 6,155 shares during the period. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Cigna Group Stock Down 1.1%

CI stock opened at $271.13 on Tuesday. Cigna Group has a 52 week low of $239.51 and a 52 week high of $350.00. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.74. The firm has a 50-day simple moving average of $274.55 and a 200-day simple moving average of $284.19. The stock has a market capitalization of $72.43 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.97 and a beta of 0.27.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CI. Morgan Stanley reiterated an “overweight” rating and issued a $355.00 price objective on shares of Cigna Group in a research note on Friday, October 31st. Wall Street Zen cut Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Leerink Partners lowered their price target on shares of Cigna Group from $300.00 to $270.00 in a report on Friday, October 31st. Robert W. Baird cut their price objective on shares of Cigna Group from $372.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 11th. Finally, JPMorgan Chase & Co. reduced their price target on Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Cigna Group has an average rating of “Moderate Buy” and a consensus price target of $323.84.

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.