Pacer Advisors Inc. Increases Position in The Cigna Group (NYSE:CI)

Pacer Advisors Inc. lifted its holdings in The Cigna Group (NYSE:CI - Free Report) by 61.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,773 shares of the health services provider's stock after acquiring an additional 13,241 shares during the period. Pacer Advisors Inc.'s holdings in The Cigna Group were worth $9,602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CI. FMR LLC boosted its position in shares of The Cigna Group by 2.0% during the 3rd quarter. FMR LLC now owns 14,230,397 shares of the health services provider's stock valued at $4,929,978,000 after acquiring an additional 279,880 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Cigna Group by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 11,054,958 shares of the health services provider's stock valued at $3,829,880,000 after acquiring an additional 130,048 shares during the last quarter. Geode Capital Management LLC grew its position in The Cigna Group by 0.4% in the third quarter. Geode Capital Management LLC now owns 5,855,443 shares of the health services provider's stock worth $2,021,563,000 after acquiring an additional 22,408 shares in the last quarter. Parnassus Investments LLC increased its stake in The Cigna Group by 2.1% during the third quarter. Parnassus Investments LLC now owns 2,922,121 shares of the health services provider's stock worth $1,012,340,000 after acquiring an additional 59,011 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in The Cigna Group by 2.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,168,959 shares of the health services provider's stock valued at $751,414,000 after purchasing an additional 44,810 shares during the period. Hedge funds and other institutional investors own 86.99% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CI. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 target price on shares of The Cigna Group in a research report on Wednesday, October 23rd. Stephens reissued an "overweight" rating and issued a $410.00 target price on shares of The Cigna Group in a research note on Friday, November 1st. Truist Financial reduced their price target on The Cigna Group from $420.00 to $390.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Piper Sandler reissued an "overweight" rating and set a $394.00 price target (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Finally, Barclays upped their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an "overweight" rating in a report on Tuesday, November 5th. One equities research 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's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $395.93.

The Cigna Group Trading Down 6.9 %

Shares of NYSE:CI traded down $20.89 during midday trading on Thursday, reaching $282.42. 5,476,998 shares of the company's stock were exchanged, compared to its average volume of 1,783,484. The stock has a market cap of $78.56 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 0.78 and a beta of 0.54. The Cigna Group has a fifty-two week low of $262.03 and a fifty-two week high of $370.83. The firm's 50 day simple moving average is $296.05 and its two-hundred day simple moving average is $324.99. 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 Cigna Group (NYSE:CI - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.84 by ($1.20). The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. During the same quarter in the previous year, the company earned $6.79 earnings per share. As a group, sell-side analysts forecast that The Cigna Group will post 28.5 EPS for the current fiscal year.

The Cigna Group 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.