Cigna Group $CI Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. increased its position in Cigna Group (NYSE:CI) by 112.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,210 shares of the health services provider’s stock after acquiring an additional 4,341 shares during the period. Machina Capital S.A.S.’s holdings in Cigna Group were worth $2,367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 acquiring an additional 4,738 shares during the last quarter. Maj Invest Holding A S boosted its position in shares of Cigna Group by 2.4% in the 3rd 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 boosted its position in shares of 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 valued at $10,127,000 after purchasing an additional 8,609 shares during the period. National Pension Service increased its stake 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 purchasing an additional 21,203 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings 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 worth $54,707,000 after buying an additional 6,155 shares during the period. 86.99% of the stock is owned by institutional investors and hedge funds.

Cigna Group Trading Up 1.5%

Cigna Group stock opened at $275.69 on Wednesday. Cigna Group has a 12 month low of $239.51 and a 12 month 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 stock has a market cap of $73.65 billion, a P/E ratio of 12.16, a P/E/G ratio of 0.96 and a beta of 0.27. The company’s fifty day simple moving average is $274.50 and its 200-day simple moving average is $284.05.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $307.00 price objective on shares of Cigna Group in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cigna Group in a research note on Monday, December 29th. Morgan Stanley restated an “overweight” rating and issued a $355.00 target price on shares of Cigna Group in a report on Friday, October 31st. Finally, Mizuho set a $325.00 price target on Cigna Group in a report on Friday, January 9th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.84.

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.