Simon Quick Advisors LLC Sells 159 Shares of The Cigna Group (NYSE:CI)

Simon Quick Advisors LLC cut its holdings in The Cigna Group (NYSE:CI) by 9.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,518 shares of the health services provider’s stock after selling 159 shares during the period. Simon Quick Advisors LLC’s holdings in The Cigna Group were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Red Spruce Capital LLC increased its stake in shares of The Cigna Group by 8.2% in the 4th quarter. Red Spruce Capital LLC now owns 9,016 shares of the health services provider’s stock valued at $2,490,000 after acquiring an additional 683 shares during the last quarter. Pure Financial Advisors LLC increased its stake in The Cigna Group by 16.4% in the fourth quarter. Pure Financial Advisors LLC now owns 1,045 shares of the health services provider’s stock valued at $289,000 after purchasing an additional 147 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in The Cigna Group by 4.2% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,797 shares of the health services provider’s stock worth $496,000 after purchasing an additional 72 shares during the period. UMB Bank n.a. boosted its position in shares of The Cigna Group by 3.2% during the fourth quarter. UMB Bank n.a. now owns 4,343 shares of the health services provider’s stock worth $1,199,000 after purchasing an additional 136 shares in the last quarter. Finally, Willner & Heller LLC grew its holdings in shares of The Cigna Group by 17.5% in the 4th quarter. Willner & Heller LLC now owns 933 shares of the health services provider’s stock valued at $258,000 after buying an additional 139 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

The Cigna Group Stock Performance

Shares of CI stock opened at $294.98 on Friday. The company has a fifty day moving average price of $298.30 and a two-hundred day moving average price of $326.03. The Cigna Group has a one year low of $262.03 and a one year high of $370.83. The stock has a market cap of $82.05 billion, a P/E ratio of 27.83, a P/E/G ratio of 0.78 and a beta of 0.54. 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 issued 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 net margin of 1.31% and a return on equity of 18.42%. The business had revenue of $63.70 billion during the quarter, compared to the consensus estimate of $59.58 billion. During the same period last year, the business posted $6.77 EPS. The Cigna Group’s revenue was up 29.8% on a year-over-year basis. As a group, equities analysts predict that The Cigna Group will post 28.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $394.00 target price (up from $392.00) on shares of The Cigna Group in a report on Tuesday, November 5th. StockNews.com lowered The Cigna Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada lowered their target price on 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. Barclays lifted their price target on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $400.00 price objective on shares of The Cigna Group in a report on Wednesday, October 23rd. One 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 company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $395.93.

About The Cigna Group

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.