Teacher Retirement System of Texas Purchases 21,839 Shares of Cigna Group $CI

Teacher Retirement System of Texas increased its position in Cigna Group (NYSE:CI) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,977 shares of the health services provider’s stock after purchasing an additional 21,839 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.08% of Cigna Group worth $64,273,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Solstein Capital LLC acquired a new stake in shares of Cigna Group during the 2nd quarter worth approximately $29,000. Harbor Capital Advisors Inc. lifted its stake in shares of Cigna Group by 119.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 90 shares of the health services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the period. Chilton Capital Management LLC bought a new position in shares of Cigna Group in the 2nd quarter worth $30,000. Princeton Global Asset Management LLC grew its stake in shares of Cigna Group by 115.6% during the second quarter. Princeton Global Asset Management LLC now owns 97 shares of the health services provider’s stock worth $32,000 after purchasing an additional 52 shares during the period. Finally, Quaker Wealth Management LLC increased its holdings in Cigna Group by 201.0% in the second quarter. Quaker Wealth Management LLC now owns 106 shares of the health services provider’s stock valued at $35,000 after purchasing an additional 211 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CI. UBS Group set a $294.00 target price on Cigna Group in a research report on Wednesday, November 12th. Mizuho set a $325.00 target price on shares of Cigna Group in a research note on Friday, January 9th. The Goldman Sachs Group reduced their price target on shares of Cigna Group from $370.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Cantor Fitzgerald lowered their price objective on shares of Cigna Group from $365.00 to $325.00 in a research report on Friday, October 31st. Finally, Robert W. Baird reduced their target price on Cigna Group from $372.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Cigna Group currently has a consensus rating of “Moderate Buy” and an average price target of $330.36.

Cigna Group Stock Performance

CI opened at $280.55 on Friday. The company has a market capitalization of $74.94 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 0.97 and a beta of 0.26. The business’s 50-day moving average price is $274.27 and its two-hundred day moving average price is $286.05. 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.

Cigna Group (NYSE:CI) last posted its quarterly earnings data on Thursday, October 30th. The health services provider reported $7.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.64 by $0.19. The business 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%.Cigna Group’s quarterly revenue 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. Equities analysts expect that Cigna Group will post 29.77 EPS for the current fiscal year.

Insider Activity at Cigna Group

In other Cigna Group news, CEO David Cordani bought 4,134 shares of Cigna Group stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $241.88 per share, for a total transaction of $999,931.92. Following the completion of the acquisition, the chief executive officer owned 157,935 shares of the company’s stock, valued at $38,201,317.80. This trade represents a 2.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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.