Cornerstone Wealth Management LLC Purchases 57 Shares of The Cigna Group (NYSE:CI)

Cornerstone Wealth Management LLC grew its position in shares of The Cigna Group (NYSE:CI) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,636 shares of the health services provider’s stock after buying an additional 57 shares during the period. Cornerstone Wealth Management LLC’s holdings in The Cigna Group were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Ulland Investment Advisors LLC grew its position in The Cigna Group by 2,500.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of The Cigna Group in the 3rd quarter worth about $37,000. ORG Wealth Partners LLC bought a new position in The Cigna Group in the 4th quarter valued at about $34,000. Harbor Capital Advisors Inc. acquired a new position in The Cigna Group during the 3rd quarter valued at about $45,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of The Cigna Group in the third quarter worth approximately $69,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on CI shares. Truist Financial cut their target price on The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $400.00 price target on shares of The Cigna Group in a research report on Wednesday, October 23rd. Stephens reaffirmed an “overweight” rating and issued a $410.00 price objective on shares of The Cigna Group in a research report on Friday, November 1st. Finally, 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. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $395.93.

The Cigna Group Stock Performance

NYSE:CI opened at $294.18 on Friday. The company has a market capitalization of $81.82 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.78 and a beta of 0.54. The business has a fifty day simple moving average of $297.18 and a two-hundred day simple moving average of $325.61. 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 has a 1 year low of $262.03 and a 1 year high of $370.83.

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