CI Downgraded by Jefferies -- Price Target Lowered to $307

Jefferies has downgraded Cigna Group (CI) to a "Hold" rating, lowering its price target to $307 from $336 due to a cautious outlook on the company's performance. Despite a seemingly undervalued P/E ratio and strong profitability and growth ranks, significant insider selling of $59.4 million over the past three months suggests potential concerns among insiders, leading to mixed signals for investors.