CVA Family Office LLC raised its position in The Cigna Group (NYSE:CI – Free Report) by 6.1% in the first quarter, Holdings Channel reports. The institutional investor owned 1,416 shares of the health services provider’s stock after purchasing an additional 82 shares during the period. CVA Family Office LLC’s holdings in The Cigna Group were worth $466,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in The Cigna Group by 9.3% during the fourth quarter. Brighton Jones LLC now owns 3,736 shares of the health services provider’s stock worth $1,032,000 after acquiring an additional 318 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in The Cigna Group by 2.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 125,898 shares of the health services provider’s stock worth $35,080,000 after acquiring an additional 3,565 shares during the last quarter. Vontobel Holding Ltd. boosted its position in The Cigna Group by 5.7% during the fourth quarter. Vontobel Holding Ltd. now owns 24,778 shares of the health services provider’s stock worth $6,842,000 after acquiring an additional 1,334 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in The Cigna Group during the fourth quarter worth about $37,000. Finally, Roman Butler Fullerton & Co. boosted its position in The Cigna Group by 748.9% during the fourth quarter. Roman Butler Fullerton & Co. now owns 136,951 shares of the health services provider’s stock worth $37,818,000 after acquiring an additional 120,819 shares during the last quarter. Hedge funds and other institutional investors own 86.99% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on CI. Wall Street Zen upgraded shares of The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Truist Financial boosted their target price on shares of The Cigna Group from $385.00 to $405.00 and gave the company a “buy” rating in a report on Monday, May 12th. Robert W. Baird decreased their target price on shares of The Cigna Group from $388.00 to $362.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Mizuho boosted their target price on shares of The Cigna Group from $360.00 to $384.00 and gave the company an “outperform” rating in a report on Wednesday, April 9th. Finally, Piper Sandler boosted their target price on shares of The Cigna Group from $348.00 to $374.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $380.39.
The Cigna Group Price Performance
The Cigna Group stock opened at $317.03 on Friday. The firm has a market cap of $84.69 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 0.98 and a beta of 0.44. The Cigna Group has a 52-week low of $262.03 and a 52-week high of $370.83. The company has a quick ratio of 0.72, a current ratio of 0.66 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $322.31 and its two-hundred day moving average is $308.38.
The Cigna Group (NYSE:CI – Get Free Report) last released its earnings results on Friday, May 2nd. The health services provider reported $6.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.35 by $0.39. The company had revenue of $65.45 billion for the quarter, compared to analyst estimates of $60.39 billion. The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $6.47 EPS. On average, research analysts expect that The Cigna Group will post 29.77 EPS for the current fiscal year.
The Cigna Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $1.51 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $6.04 dividend on an annualized basis and a yield of 1.91%. The Cigna Group’s dividend payout ratio (DPR) is presently 33.44%.
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.
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