The Cigna Group (NYSE:CI) Shares Sold by Aljian Capital Management LLC

Aljian Capital Management LLC trimmed its position in The Cigna Group (NYSE:CI) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 887 shares of the health services provider’s stock after selling 49 shares during the period. Aljian Capital Management LLC’s holdings in The Cigna Group were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its holdings in shares of The Cigna Group by 18.6% during the third quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider’s stock worth $25,511,000 after purchasing an additional 11,550 shares during the period. Exchange Traded Concepts LLC grew its position in shares of The Cigna Group by 5,543.6% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,700 shares of the health services provider’s stock valued at $1,975,000 after buying an additional 5,599 shares during the last quarter. Creative Planning raised its stake in The Cigna Group by 7.2% during the third quarter. Creative Planning now owns 59,655 shares of the health services provider’s stock worth $20,667,000 after acquiring an additional 3,994 shares during the period. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in The Cigna Group during the third quarter worth about $200,000. Finally, Swedbank AB lifted its holdings in The Cigna Group by 26.6% in the third quarter. Swedbank AB now owns 570,283 shares of the health services provider’s stock worth $197,569,000 after acquiring an additional 119,681 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CI shares. Sanford C. Bernstein cut The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 price target on the stock. in a research report on Thursday, February 6th. StockNews.com downgraded The Cigna Group from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Oppenheimer cut their target price on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $348.00 price objective (down from $394.00) on shares of The Cigna Group in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, The Cigna Group has an average rating of “Moderate Buy” and a consensus price target of $373.69.

The Cigna Group Trading Down 0.9 %

Shares of NYSE:CI opened at $292.72 on Thursday. The company has a 50 day moving average of $287.42 and a 200-day moving average of $321.61. The company has a current ratio of 0.66, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The firm has a market cap of $81.42 billion, a P/E ratio of 23.92, a P/E/G ratio of 0.94 and a beta of 0.54. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83.

The Cigna Group (NYSE:CI) last released its earnings results on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing analysts’ consensus estimates of $7.84 by ($1.20). The Cigna Group had a return on equity of 18.61% and a net margin of 1.39%. During the same period last year, the company earned $6.79 earnings per share. As a group, analysts anticipate that The Cigna Group will post 29.8 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Wednesday, March 5th will be issued a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a yield of 2.06%. This is a boost from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date of this dividend is Wednesday, March 5th. The Cigna Group’s dividend payout ratio (DPR) is presently 45.75%.

The Cigna Group Profile

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.