The Cigna Group (NYSE:CI) Position Increased by Blair William & Co. IL

Blair William & Co. IL increased its position in shares of The Cigna Group (NYSE:CIFree Report) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 44,759 shares of the health services provider’s stock after buying an additional 336 shares during the quarter. Blair William & Co. IL’s holdings in The Cigna Group were worth $12,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its stake in shares of The Cigna Group by 1.0% in the second quarter. State Street Corp now owns 13,881,798 shares of the health services provider’s stock worth $3,895,233,000 after purchasing an additional 137,812 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in The Cigna Group by 154,255.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,954,841 shares of the health services provider’s stock valued at $3,961,117,000 after buying an additional 11,947,096 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Cigna Group by 3.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,833,753 shares of the health services provider’s stock worth $3,385,282,000 after buying an additional 345,605 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of The Cigna Group by 0.7% in the second quarter. Geode Capital Management LLC now owns 5,410,133 shares of the health services provider’s stock valued at $1,513,593,000 after acquiring an additional 40,100 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of The Cigna Group by 9.5% in the third quarter. Bank of New York Mellon Corp now owns 3,108,166 shares of the health services provider’s stock worth $862,423,000 after acquiring an additional 268,793 shares during the last quarter. 85.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on CI shares. Wells Fargo & Company increased their price target on shares of The Cigna Group from $334.00 to $348.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. StockNews.com raised The Cigna Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $360.00 price target on shares of The Cigna Group in a report on Wednesday, January 17th. Royal Bank of Canada raised The Cigna Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $327.00 to $354.00 in a report on Monday, February 5th. Finally, Sanford C. Bernstein upgraded The Cigna Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $330.00 to $372.00 in a research note on Thursday, January 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $357.15.

View Our Latest Analysis on CI

The Cigna Group Stock Up 0.8 %

CI opened at $334.93 on Monday. The firm has a market cap of $98.01 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.67. The firm’s 50-day simple moving average is $301.06 and its 200-day simple moving average is $293.78. The Cigna Group has a twelve month low of $240.50 and a twelve month high of $335.83.

The Cigna Group (NYSE:CIGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The health services provider reported $6.79 earnings per share for the quarter, topping the consensus estimate of $6.54 by $0.25. The Cigna Group had a net margin of 2.64% and a return on equity of 13.59%. The firm had revenue of $51.15 billion for the quarter, compared to analysts’ expectations of $48.91 billion. During the same period in the prior year, the firm earned $4.96 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that The Cigna Group will post 28.36 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th will be paid a $1.40 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $5.60 dividend on an annualized basis and a yield of 1.67%. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.23. The Cigna Group’s payout ratio is currently 28.29%.

Insiders Place Their Bets

In other The Cigna Group news, SVP Hoeltzel Mary T. Agoglia sold 4,867 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $330.48, for a total value of $1,608,446.16. Following the completion of the sale, the senior vice president now owns 2,102 shares in the company, valued at approximately $694,668.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

The Cigna Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Cigna Group (NYSE:CIFree Report).

Institutional Ownership by Quarter for The Cigna Group (NYSE:CI)

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