WR Wealth Planners LLC Cuts Stock Holdings in The Cigna Group (NYSE:CI)

WR Wealth Planners LLC lowered its stake in shares of The Cigna Group (NYSE:CI) by 22.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 337 shares of the health services provider’s stock after selling 96 shares during the period. WR Wealth Planners LLC’s holdings in The Cigna Group were worth $93,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Collier Financial purchased a new position in shares of The Cigna Group in the 4th quarter valued at $32,000. ORG Wealth Partners LLC purchased a new stake in The Cigna Group during the 4th quarter worth $34,000. Prospera Private Wealth LLC purchased a new stake in The Cigna Group during the 3rd quarter worth $37,000. Compagnie Lombard Odier SCmA purchased a new stake in The Cigna Group during the 4th quarter worth $37,000. Finally, Harbor Capital Advisors Inc. acquired a new position in The Cigna Group during the 3rd quarter worth $45,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

The Cigna Group Stock Up 1.9 %

CI stock opened at $308.66 on Friday. The Cigna Group has a 52 week low of $262.03 and a 52 week high of $370.83. The company has a market capitalization of $85.85 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 0.98 and a beta of 0.54. The firm’s 50-day moving average is $289.54 and its two-hundred day moving average is $318.63. 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 Cigna Group (NYSE:CI) last released its quarterly earnings results on Thursday, January 30th. The health services provider reported $6.64 EPS 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 quarter in the prior year, the company earned $6.79 EPS. On average, analysts forecast that The Cigna Group will post 29.77 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Wednesday, March 5th will be given a dividend of $1.51 per share. This represents a $6.04 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from The Cigna Group’s previous quarterly dividend of $1.40. The ex-dividend date is Wednesday, March 5th. The Cigna Group’s payout ratio is 49.35%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a report on Monday, November 4th. Raymond James reissued a “strong-buy” rating and set a $360.00 price objective (down from $415.00) on shares of The Cigna Group in a report on Friday, January 31st. StockNews.com raised shares of The Cigna Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Stephens decreased their price target on shares of The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Cantor Fitzgerald decreased their price target on shares of The Cigna Group from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $372.31.

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.