Cigna Group (NYSE:CI) Cut to "Hold" at Wall Street Zen

Key Points

• Cigna Group was downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the company's stock.
• The stock is currently trading at $311.24, with a recent increase of 4.8% in midday trading, and a consensus target price among analysts set at $371.81.
• In its recent quarterly earnings report, Cigna Group reported an EPS of $7.20, surpassing expectations, and showed an 11% increase in year-over-year revenue.

Cigna Group (NYSE:CI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Several other equities analysts have also weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cigna Group in a research note on Saturday, September 27th. TD Cowen raised Cigna Group to a "strong-buy" rating in a research note on Monday, June 23rd. Barclays lifted their price objective on Cigna Group from $354.00 to $383.00 and gave the company an "overweight" rating in a research note on Thursday, September 4th. Guggenheim reaffirmed a "buy" rating and issued a $350.00 price objective (down from $388.00) on shares of Cigna Group in a research note on Monday, August 4th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $365.00 price target on shares of Cigna Group in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Cigna Group has a consensus rating of "Moderate Buy" and a consensus target price of $371.81.

Cigna Group Trading Up 4.8%

CI traded up $14.26 during midday trading on Friday, hitting $311.24. The company's stock had a trading volume of 2,836,954 shares, compared to its average volume of 1,451,152. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $83.08 billion, a P/E ratio of 16.99, a PEG ratio of 0.87 and a beta of 0.45. The firm has a 50-day moving average price of $292.41 and a two-hundred day moving average price of $309.81. Cigna Group has a 52-week low of $256.89 and a 52-week high of $358.88.

Cigna Group (NYSE:CI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The health services provider reported $7.20 EPS for the quarter, beating the consensus estimate of $7.15 by $0.05. The company had revenue of $67.13 billion during the quarter, compared to analysts' expectations of $62.61 billion. Cigna Group had a return on equity of 18.80% and a net margin of 1.92%.The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.72 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 earnings per share for the current year.

Insider Transactions at Cigna Group

In other Cigna Group news, insider Nicole S. Jones sold 28,526 shares of Cigna Group stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $300.00, for a total transaction of $8,557,800.00. Following the sale, the insider directly owned 25,648 shares in the company, valued at $7,694,400. The trade was a 52.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cigna Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Flaharty Asset Management LLC acquired a new stake in shares of Cigna Group during the 1st quarter valued at approximately $28,000. 1248 Management LLC acquired a new stake in shares of Cigna Group during the 1st quarter valued at approximately $29,000. Solstein Capital LLC acquired a new stake in shares of Cigna Group during the 2nd quarter valued at approximately $29,000. Activest Wealth Management raised its position in shares of Cigna Group by 360.0% during the 1st quarter. Activest Wealth Management now owns 92 shares of the health services provider's stock valued at $30,000 after acquiring an additional 72 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new stake in shares of Cigna Group during the 2nd quarter valued at approximately $30,000. 86.99% of the stock is owned by institutional investors and hedge funds.

About 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.

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