Dakota Wealth Management Has $266,000 Holdings in The Cigna Group (NYSE:CI)

Dakota Wealth Management cut its stake in The Cigna Group (NYSE:CI) by 25.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 961 shares of the health services provider’s stock after selling 320 shares during the quarter. Dakota Wealth Management’s holdings in The Cigna Group were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CI. ORG Wealth Partners LLC acquired a new stake in The Cigna Group during the 4th quarter valued at $34,000. Ulland Investment Advisors LLC increased its holdings in The Cigna Group by 2,500.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 104 shares of the health services provider’s stock valued at $36,000 after purchasing an additional 100 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in The Cigna Group during the 3rd quarter valued at $37,000. Harbor Capital Advisors Inc. acquired a new stake in The Cigna Group during the 3rd quarter valued at $45,000. Finally, Intact Investment Management Inc. acquired a new stake in The Cigna Group during the 3rd quarter valued at $69,000. 86.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Truist Financial decreased their price objective on The Cigna Group from $420.00 to $390.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays increased their price objective on The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price objective on shares of The Cigna Group in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on The Cigna Group from $398.00 to $394.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. 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.com, the company currently has an average rating of “Buy” and an average price target of $395.93.

The Cigna Group Stock Down 0.3 %

NYSE:CI opened at $294.18 on Monday. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $81.82 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.78 and a beta of 0.54. The stock’s fifty day simple moving average is $297.18 and its 200-day simple moving average is $325.59.

The Cigna Group (NYSE:CI) last issued its quarterly earnings data on Thursday, October 31st. The health services provider reported $7.51 EPS for the quarter, topping the consensus estimate of $7.22 by $0.29. The business had revenue of $63.70 billion for the quarter, compared to the consensus estimate of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.77 EPS. Equities research analysts expect that The Cigna Group will post 28.5 earnings per share for the current year.

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.