TrueMark Investments LLC Acquires Shares of 19,890 Cigna Group $CI

TrueMark Investments LLC acquired a new position in shares of Cigna Group (NYSE:CI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,890 shares of the health services provider’s stock, valued at approximately $5,733,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its holdings in Cigna Group by 10.9% during the third quarter. Teacher Retirement System of Texas now owns 222,977 shares of the health services provider’s stock worth $64,273,000 after purchasing an additional 21,839 shares during the last quarter. Coign Capital Advisors LLC increased its stake in Cigna Group by 10.7% in the 3rd quarter. Coign Capital Advisors LLC now owns 2,191 shares of the health services provider’s stock valued at $632,000 after buying an additional 211 shares during the last quarter. CNB Bank lifted its position in shares of Cigna Group by 479.4% during the 3rd quarter. CNB Bank now owns 197 shares of the health services provider’s stock worth $57,000 after buying an additional 163 shares in the last quarter. Charter Oak Capital Management LLC grew its holdings in shares of Cigna Group by 33.8% in the third quarter. Charter Oak Capital Management LLC now owns 1,252 shares of the health services provider’s stock valued at $361,000 after acquiring an additional 316 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new position in shares of Cigna Group in the third quarter valued at approximately $8,698,000. 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 the company. JPMorgan Chase & Co. cut their price objective on Cigna Group from $428.00 to $375.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 4th. Truist Financial boosted their target price on shares of Cigna Group from $310.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, January 5th. The Goldman Sachs Group decreased their price target on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Cantor Fitzgerald reduced their price objective on Cigna Group from $365.00 to $325.00 in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cigna Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $330.36.

Insider Buying and Selling

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

Cigna Group Stock Down 0.4%

Cigna Group stock opened at $279.31 on Friday. The firm has a 50 day simple moving average of $274.46 and a 200 day simple moving average of $285.81. 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 has a 1-year low of $239.51 and a 1-year high of $350.00. The firm has a market capitalization of $74.61 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 0.99 and a beta of 0.26.

Cigna Group (NYSE:CI) last posted its quarterly 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. The firm had revenue of $69.57 billion during the quarter, compared to analyst estimates of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the company earned $7.51 earnings per share. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, analysts predict that Cigna Group will post 29.77 earnings per share for the current year.

About Cigna Group

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.