Atlantic Union Bankshares Corp Has $3.51 Million Holdings in Cigna Group $CI

Atlantic Union Bankshares Corp boosted its position in Cigna Group (NYSE:CI) by 29.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,182 shares of the health services provider’s stock after buying an additional 2,749 shares during the period. Atlantic Union Bankshares Corp’s holdings in Cigna Group were worth $3,511,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CI. AGF Management Ltd. raised its position in shares of Cigna Group by 10.1% in the 3rd quarter. AGF Management Ltd. now owns 10,632 shares of the health services provider’s stock worth $3,065,000 after acquiring an additional 978 shares in the last quarter. Bridges Investment Management Inc. grew its stake in Cigna Group by 4.1% during the third quarter. Bridges Investment Management Inc. now owns 2,087 shares of the health services provider’s stock worth $602,000 after purchasing an additional 83 shares during the period. Convergence Investment Partners LLC increased its holdings in Cigna Group by 427.0% in the third quarter. Convergence Investment Partners LLC now owns 5,175 shares of the health services provider’s stock worth $1,492,000 after purchasing an additional 4,193 shares in the last quarter. United Community Bank increased its holdings in Cigna Group by 5.8% in the third quarter. United Community Bank now owns 888 shares of the health services provider’s stock worth $256,000 after purchasing an additional 49 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Cigna Group by 11.4% in the third quarter. Jones Financial Companies Lllp now owns 52,655 shares of the health services provider’s stock valued at $15,071,000 after buying an additional 5,400 shares during the period. Institutional investors own 86.99% of the company’s stock.

Cigna Group Stock Performance

Shares of Cigna Group stock opened at $275.69 on Wednesday. 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 business has a 50 day moving average price of $274.50 and a 200-day moving average price of $284.05. The company has a market cap of $73.65 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.96 and a beta of 0.27.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Sanford C. Bernstein reiterated a “market perform” rating and issued a $307.00 price objective on shares of Cigna Group in a research note on Tuesday, January 6th. Morgan Stanley restated an “overweight” rating and issued a $355.00 price target on shares of Cigna Group in a report on Friday, October 31st. Guggenheim reiterated a “buy” rating and set a $318.00 price objective on shares of Cigna Group in a report on Monday. Wolfe Research cut their price objective on shares of Cigna Group from $345.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. Finally, Wall Street Zen lowered Cigna Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.