Cigna Group (NYSE:CI) Raised to Hold at Zacks Research

Cigna Group (NYSE:CI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on CI. Cantor Fitzgerald lowered their price target on Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on shares of Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 4th. Cowen set a $333.00 target price on Cigna Group in a report on Monday, December 15th. Wall Street Zen upgraded Cigna Group from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $355.00 price objective on shares of Cigna Group in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $333.04.

Cigna Group Stock Up 0.3%

Shares of NYSE CI opened at $284.77 on Monday. The stock has a fifty day moving average price of $271.29 and a 200 day moving average price of $289.50. The company has a market cap of $76.07 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.00 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 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 earnings results on Thursday, October 30th. The health services provider reported $7.83 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $66.40 billion. During the same period in the previous year, the company posted $7.51 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Cigna Group has set its FY 2025 guidance at 29.600- EPS. Research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Cordani acquired 4,134 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $241.88 per share, with a total value of $999,931.92. Following the completion of the acquisition, the chief executive officer owned 157,935 shares in the company, valued at $38,201,317.80. The trade was a 2.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Cigna Group

Several large investors have recently added to or reduced their stakes in CI. Central Pacific Bank Trust Division raised its position in Cigna Group by 17.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,964 shares of the health services provider’s stock valued at $1,366,000 after purchasing an additional 739 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Cigna Group by 2.8% in the 4th quarter. Avior Wealth Management LLC now owns 1,665 shares of the health services provider’s stock worth $458,000 after purchasing an additional 45 shares during the last quarter. Red Spruce Capital LLC increased its holdings in Cigna Group by 2.5% in the fourth quarter. Red Spruce Capital LLC now owns 9,334 shares of the health services provider’s stock valued at $2,569,000 after purchasing an additional 224 shares during the last quarter. Miller Global Investments LLC acquired a new position in Cigna Group in the fourth quarter valued at about $701,000. Finally, GK Wealth Management LLC bought a new position in Cigna Group during the fourth quarter worth about $203,000. 86.99% of the stock is owned by institutional investors.

Cigna Group Company Profile

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.