The Cigna Group (NYSE:CI) Stock Holdings Boosted by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in The Cigna Group (NYSE:CI) by 4.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,820 shares of the health services provider’s stock after buying an additional 1,050 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in The Cigna Group were worth $6,578,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CI. IFG Advisors LLC increased its holdings in shares of The Cigna Group by 4.6% in the third quarter. IFG Advisors LLC now owns 699 shares of the health services provider’s stock valued at $242,000 after buying an additional 31 shares in the last quarter. McClarren Financial Advisors Inc. grew its holdings in shares of The Cigna Group by 4.7% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 692 shares of the health services provider’s stock worth $240,000 after acquiring an additional 31 shares during the last quarter. SPC Financial Inc. raised its position in shares of The Cigna Group by 0.7% during the second quarter. SPC Financial Inc. now owns 5,119 shares of the health services provider’s stock worth $1,692,000 after purchasing an additional 34 shares during the period. Castle Rock Wealth Management LLC lifted its holdings in shares of The Cigna Group by 0.5% during the third quarter. Castle Rock Wealth Management LLC now owns 6,651 shares of the health services provider’s stock valued at $2,263,000 after purchasing an additional 34 shares during the last quarter. Finally, Adero Partners LLC boosted its position in shares of The Cigna Group by 4.5% in the 3rd quarter. Adero Partners LLC now owns 788 shares of the health services provider’s stock valued at $273,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CI. StockNews.com lowered shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 4th. Barclays increased their target price on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their price target on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Truist Financial reduced their price objective on The Cigna Group from $420.00 to $390.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $395.93.

The Cigna Group Stock Down 0.3 %

CI stock opened at $294.18 on Monday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average of $297.18 and a two-hundred day moving average of $325.59. The stock has a market capitalization of $81.82 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.29. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The firm had revenue of $63.70 billion for the quarter, compared to analyst estimates of $59.58 billion. During the same quarter last year, the firm posted $6.77 EPS. The company’s revenue was up 29.8% on a year-over-year basis. As a group, equities research analysts anticipate that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Company Profile

The Cigna Group, together with its subsidiaries, provides insurance and related products and services in the United States. Its Evernorth Health Services segment provides a range of coordinated and point solution health services, including pharmacy benefits, home delivery pharmacy, specialty pharmacy, distribution, and care delivery and management solutions to health plans, employers, government organizations, and health care providers.