Charter Oak Capital Management LLC Acquires 55 Shares of The Cigna Group (NYSE:CI)

Charter Oak Capital Management LLC increased its holdings in shares of The Cigna Group (NYSE:CI) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 931 shares of the health services provider’s stock after buying an additional 55 shares during the period. Charter Oak Capital Management LLC’s holdings in The Cigna Group were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Griffin Asset Management Inc. lifted its holdings in shares of The Cigna Group by 0.6% during the fourth quarter. Griffin Asset Management Inc. now owns 6,770 shares of the health services provider’s stock valued at $1,869,000 after purchasing an additional 39 shares during the last quarter. Pacer Advisors Inc. increased its holdings in The Cigna Group by 61.5% in the 4th quarter. Pacer Advisors Inc. now owns 34,773 shares of the health services provider’s stock worth $9,602,000 after buying an additional 13,241 shares in the last quarter. KBC Group NV grew its stake in shares of The Cigna Group by 1.5% in the fourth quarter. KBC Group NV now owns 550,638 shares of the health services provider’s stock worth $152,053,000 after acquiring an additional 8,077 shares during the period. Blue Trust Inc. raised its stake in The Cigna Group by 43.8% during the 4th quarter. Blue Trust Inc. now owns 3,510 shares of the health services provider’s stock valued at $969,000 after buying an additional 1,069 shares during the last quarter. Finally, Maj Invest Holding A S increased its position in The Cigna Group by 1.4% during the fourth quarter. Maj Invest Holding A S now owns 503,921 shares of the health services provider’s stock valued at $139,153,000 after acquiring an additional 7,015 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CI shares. Stephens reiterated an “overweight” rating and issued a $410.00 price target on shares of The Cigna Group in a research report on Friday, November 1st. Barclays increased their target price on The Cigna Group from $405.00 to $420.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. Piper Sandler restated an “overweight” rating and set a $394.00 target price (up previously from $392.00) on shares of The Cigna Group in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $395.93.

The Cigna Group Price Performance

NYSE:CI opened at $305.91 on Tuesday. The firm has a market capitalization of $85.09 billion, a price-to-earnings ratio of 28.86, a PEG ratio of 0.78 and a beta of 0.54. The business has a 50 day simple moving average of $297.18 and a 200-day simple moving average of $325.56. The Cigna Group has a 1 year low of $262.03 and a 1 year high of $370.83. 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) last announced its earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. During the same quarter in the previous year, the business earned $6.77 earnings per share. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities analysts forecast that The Cigna Group will post 28.5 EPS for the current 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.