Drive Wealth Management LLC Sells 322 Shares of The Cigna Group (NYSE:CI)

Drive Wealth Management LLC lowered its stake in shares of The Cigna Group (NYSE:CI) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,192 shares of the health services provider’s stock after selling 322 shares during the period. Drive Wealth Management LLC’s holdings in The Cigna Group were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of The Cigna Group by 4.6% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 23,820 shares of the health services provider’s stock valued at $6,578,000 after buying an additional 1,050 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of The Cigna Group by 14.5% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,364 shares of the health services provider’s stock valued at $1,205,000 after buying an additional 552 shares during the last quarter. Running Oak Capital LLC raised its position in shares of The Cigna Group by 9.7% during the fourth quarter. Running Oak Capital LLC now owns 38,609 shares of the health services provider’s stock valued at $10,662,000 after buying an additional 3,422 shares during the last quarter. Grimes & Company Inc. raised its position in shares of The Cigna Group by 9.5% during the fourth quarter. Grimes & Company Inc. now owns 1,378 shares of the health services provider’s stock valued at $381,000 after buying an additional 119 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of The Cigna Group by 29.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 2,201 shares of the health services provider’s stock valued at $608,000 after buying an additional 506 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

The Cigna Group Stock Up 4.2 %

Shares of CI opened at $305.91 on Tuesday. The firm has a market capitalization of $85.09 billion, a P/E ratio of 28.86, a P/E/G ratio of 0.78 and a beta of 0.54. The Cigna Group has a 12-month low of $262.03 and a 12-month high of $370.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The firm has a fifty day moving average price of $297.18 and a 200-day moving average price of $325.56.

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 analysts’ consensus estimates of $7.22 by $0.29. The firm had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. The Cigna Group had a net margin of 1.31% and a return on equity of 18.42%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.77 earnings per share. Equities research analysts expect that The Cigna Group will post 28.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CI has been the subject of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a report on Wednesday, October 23rd. Royal Bank of Canada cut their target price on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Barclays raised their target price on shares of The Cigna Group from $405.00 to $420.00 and gave the company an “overweight” rating in a report on Tuesday, November 5th. Stephens reissued an “overweight” rating and issued a $410.00 target price on shares of The Cigna Group in a report on Friday, November 1st. Finally, StockNews.com lowered shares of The Cigna Group from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.