Mutual of America Capital Management LLC Has $9.68 Million Stock Holdings in Cigna Group $CI

Mutual of America Capital Management LLC decreased its stake in shares of Cigna Group (NYSE:CI) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,581 shares of the health services provider’s stock after selling 2,380 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Cigna Group were worth $9,680,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CI. Pathway Financial Advisers LLC raised its position in Cigna Group by 2.3% during the second quarter. Pathway Financial Advisers LLC now owns 1,501 shares of the health services provider’s stock worth $496,000 after acquiring an additional 34 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of Cigna Group by 17.7% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 226 shares of the health services provider’s stock worth $65,000 after purchasing an additional 34 shares during the last quarter. HM Payson & Co. lifted its stake in Cigna Group by 0.9% in the 3rd quarter. HM Payson & Co. now owns 3,785 shares of the health services provider’s stock valued at $1,091,000 after purchasing an additional 35 shares during the last quarter. Carr Financial Group Corp grew its holdings in Cigna Group by 5.3% during the third quarter. Carr Financial Group Corp now owns 709 shares of the health services provider’s stock worth $204,000 after purchasing an additional 36 shares during the period. Finally, Natural Investments LLC raised its stake in Cigna Group by 2.0% in the third quarter. Natural Investments LLC now owns 1,843 shares of the health services provider’s stock valued at $531,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 86.99% of the company’s stock.

Insider Transactions at Cigna Group

In other news, CEO David Cordani bought 4,134 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost 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 in the company, valued at $38,201,317.80. This represents a 2.69% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Cigna Group from $415.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Cantor Fitzgerald dropped their price objective on shares of Cigna Group from $365.00 to $325.00 in a research report on Friday, October 31st. Truist Financial lifted their target price on shares of Cigna Group from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, January 5th. TD Cowen set a $333.00 price objective on shares of Cigna Group in a research report on Monday, December 15th. Finally, Wolfe Research decreased their target price on Cigna Group from $345.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 15th. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $330.36.

Cigna Group Trading Up 0.6%

Shares of NYSE:CI opened at $280.81 on Tuesday. The business’s 50 day simple moving average is $274.66 and its 200 day simple moving average is $285.27. Cigna Group has a 1 year low of $239.51 and a 1 year high of $350.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $75.01 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.98 and a beta of 0.26.

Cigna Group (NYSE:CI) last released its earnings results on Thursday, October 30th. The health services provider reported $7.83 earnings per share for the quarter, beating analysts’ consensus estimates of $7.64 by $0.19. The firm had revenue of $69.57 billion during the quarter, compared to the consensus estimate of $66.40 billion. Cigna Group had a return on equity of 18.80% and a net margin of 2.29%.The company’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $7.51 EPS. Cigna Group has set its FY 2025 guidance at 29.600- EPS. On average, research analysts anticipate that Cigna Group will post 29.77 EPS for the current fiscal year.

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.