Maj Invest Holding A S Increases Position in Cigna Group $CI

Maj Invest Holding A S boosted its stake in Cigna Group (NYSE:CI) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 422,728 shares of the health services provider’s stock after acquiring an additional 10,042 shares during the period. Cigna Group accounts for about 4.2% of Maj Invest Holding A S’s holdings, making the stock its 14th biggest position. Maj Invest Holding A S’s holdings in Cigna Group were worth $121,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CI. Harbor Capital Advisors Inc. increased its stake in shares of Cigna Group by 119.5% during the third quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Solstein Capital LLC purchased a new stake in shares of Cigna Group during the 2nd quarter worth approximately $29,000. Chilton Capital Management LLC purchased a new stake in Cigna Group during the second quarter worth $30,000. Princeton Global Asset Management LLC boosted its position in shares of Cigna Group by 115.6% in the 2nd quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock worth $32,000 after buying an additional 52 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Cigna Group by 201.0% in the second quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock valued at $35,000 after purchasing an additional 211 shares in the last quarter. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on CI shares. Leerink Partners reduced their price objective on Cigna Group from $300.00 to $270.00 in a research report on Friday, October 31st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $307.00 price target on shares of Cigna Group in a report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their target price on Cigna Group from $428.00 to $375.00 and set an “overweight” rating for the company in a report on Tuesday, November 4th. TD Cowen set a $333.00 price target on Cigna Group in a report on Monday, December 15th. Finally, Mizuho set a $325.00 price objective on shares of Cigna Group in a research report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Cigna Group presently has a consensus rating of “Moderate Buy” and an average target price of $330.36.

Cigna Group Stock Performance

CI stock opened at $280.81 on Tuesday. The firm has a market cap of $75.01 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.98 and a beta of 0.26. Cigna Group has a 12-month low of $239.51 and a 12-month high of $350.00. The stock’s 50 day simple moving average is $274.66 and its 200 day simple moving average is $285.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.74.

Cigna Group (NYSE:CI) last posted its quarterly earnings results on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, beating the consensus estimate of $7.64 by $0.19. Cigna Group had a net margin of 2.29% and a return on equity of 18.80%. The business had revenue of $69.57 billion during the quarter, compared to analyst estimates of $66.40 billion. During the same period in the previous year, the business posted $7.51 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Cigna Group has set its FY 2025 guidance at 29.600- EPS. As a group, equities research analysts predict that Cigna Group will post 29.77 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David Cordani bought 4,134 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average cost of $241.88 per share, for a total transaction of $999,931.92. Following the completion of the purchase, the chief executive officer owned 157,935 shares of the company’s stock, valued at $38,201,317.80. This represents a 2.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.