The Cigna Group (NYSE:CI) Shares Sold by Aberdeen Wealth Management LLC

Aberdeen Wealth Management LLC lessened its stake in shares of The Cigna Group (NYSE:CI) by 11.6% during the third quarter, HoldingsChannel reports. The firm owned 3,902 shares of the health services provider’s stock after selling 511 shares during the period. Aberdeen Wealth Management LLC’s holdings in The Cigna Group were worth $1,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Edgestream Partners L.P. acquired a new stake in The Cigna Group during the 1st quarter valued at $1,763,000. UniSuper Management Pty Ltd grew its stake in shares of The Cigna Group by 175.9% during the first quarter. UniSuper Management Pty Ltd now owns 6,780 shares of the health services provider’s stock valued at $2,462,000 after acquiring an additional 4,323 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of The Cigna Group by 23.3% during the first quarter. Bessemer Group Inc. now owns 28,097 shares of the health services provider’s stock valued at $10,205,000 after acquiring an additional 5,308 shares in the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of The Cigna Group by 55.3% in the first quarter. Lake Street Advisors Group LLC now owns 3,629 shares of the health services provider’s stock worth $1,318,000 after acquiring an additional 1,292 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of The Cigna Group in the first quarter worth about $101,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CI shares. JPMorgan Chase & Co. lifted their price objective on The Cigna Group from $435.00 to $438.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Royal Bank of Canada cut their price target on shares of The Cigna Group from $384.00 to $377.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stephens reissued an “overweight” rating and set a $410.00 price objective on shares of The Cigna Group in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of The Cigna Group in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on The Cigna Group from $398.00 to $394.00 and set a “buy” rating for the company in a research note on Monday, November 4th. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $394.64.

The Cigna Group Stock Performance

Shares of NYSE CI opened at $322.40 on Tuesday. The Cigna Group has a 12-month low of $253.95 and a 12-month high of $370.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.71. The company has a market cap of $89.68 billion, a PE ratio of 30.42, a P/E/G ratio of 0.97 and a beta of 0.51. The stock has a 50 day simple moving average of $338.17 and a 200-day simple moving average of $339.27.

The Cigna Group (NYSE:CI) last announced its quarterly earnings results on Thursday, October 31st. The health services provider reported $7.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.22 by $0.29. The company had revenue of $63.70 billion during the quarter, compared to analyst estimates of $59.58 billion. The Cigna Group had a return on equity of 18.42% and a net margin of 1.31%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.77 EPS. On average, equities research analysts forecast that The Cigna Group will post 28.5 EPS for the current year.

The Cigna Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Wednesday, December 4th will be paid a dividend of $1.40 per share. The ex-dividend date is Wednesday, December 4th. This represents a $5.60 annualized dividend and a yield of 1.74%. The Cigna Group’s payout ratio is 52.83%.

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.