The Cigna Group (NYSE:CI) Upgraded to “Buy” at StockNews.com

The Cigna Group (NYSE:CI) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Several other brokerages also recently issued reports on CI. Wells Fargo & Company cut their price objective on The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Piper Sandler reiterated an “overweight” rating and issued a $348.00 price target (down from $394.00) on shares of The Cigna Group in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut their price target on The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. Truist Financial cut their price target on The Cigna Group from $390.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group cut their price target on The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $373.69.

The Cigna Group Price Performance

Shares of NYSE:CI traded up $2.52 during trading on Wednesday, hitting $297.27. 1,734,543 shares of the stock were exchanged, compared to its average volume of 1,810,551. The company has a fifty day moving average price of $285.58 and a two-hundred day moving average price of $320.08. The company has a market cap of $82.69 billion, a PE ratio of 24.29, a P/E/G ratio of 0.96 and a beta of 0.54. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, January 30th. The health services provider reported $6.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same period last year, the company earned $6.79 EPS. On average, analysts forecast that The Cigna Group will post 29.77 EPS for the current year.

Institutional Trading of The Cigna Group

A number of institutional investors have recently added to or reduced their stakes in CI. TCTC Holdings LLC purchased a new position in The Cigna Group in the 4th quarter valued at about $25,000. Collier Financial purchased a new position in The Cigna Group in the 4th quarter valued at about $32,000. ORG Wealth Partners LLC purchased a new position in The Cigna Group in the 4th quarter valued at about $34,000. Prospera Private Wealth LLC purchased a new position in The Cigna Group in the 3rd quarter valued at about $37,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in The Cigna Group in the 4th quarter valued at about $37,000. 86.99% of the stock is owned by hedge funds and other institutional investors.

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.