The Cigna Group (NYSE:CI) Shares Sold by Stack Financial Management Inc

Stack Financial Management Inc decreased its stake in shares of The Cigna Group (NYSE:CI) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,810 shares of the health services provider’s stock after selling 300 shares during the period. The Cigna Group makes up 1.9% of Stack Financial Management Inc’s portfolio, making the stock its 22nd biggest position. Stack Financial Management Inc’s holdings in The Cigna Group were worth $20,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AMF Tjanstepension AB raised its stake in shares of The Cigna Group by 18.6% in the 3rd quarter. AMF Tjanstepension AB now owns 73,600 shares of the health services provider’s stock worth $25,511,000 after buying an additional 11,550 shares in the last quarter. Swedbank AB grew its holdings in The Cigna Group by 26.6% during 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 period. Mirae Asset Global Investments Co. Ltd. grew its holdings in The Cigna Group by 11.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,058 shares of the health services provider’s stock worth $12,190,000 after acquiring an additional 3,464 shares during the period. Arkadios Wealth Advisors raised its position in The Cigna Group by 284.4% in the third quarter. Arkadios Wealth Advisors now owns 3,882 shares of the health services provider’s stock worth $1,345,000 after acquiring an additional 2,872 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in The Cigna Group by 48.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 53,227 shares of the health services provider’s stock valued at $18,440,000 after acquiring an additional 17,376 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CI shares. Truist Financial dropped their target price on shares of The Cigna Group from $390.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Oppenheimer dropped their price target on The Cigna Group from $400.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. StockNews.com raised The Cigna Group from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein lowered The Cigna Group from an “outperform” rating to a “market perform” rating and set a $323.00 target price on the stock. in a research report on Thursday, February 6th. Finally, UBS Group reduced their target price on The Cigna Group from $410.00 to $390.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, The Cigna Group has a consensus rating of “Buy” and a consensus price target of $372.31.

The Cigna Group Stock Up 0.3 %

The Cigna Group stock opened at $300.80 on Tuesday. The Cigna Group has a twelve month low of $262.03 and a twelve month high of $370.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.66. The firm has a market cap of $83.67 billion, a PE ratio of 24.58, a P/E/G ratio of 0.98 and a beta of 0.54. The firm’s 50 day moving average price is $286.90 and its two-hundred day moving average price is $319.23.

The Cigna Group (NYSE:CI) last posted its quarterly 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 quarter last year, the company earned $6.79 earnings per share. On average, research analysts predict that The Cigna Group will post 29.77 EPS for the current fiscal year.

The Cigna Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be issued a dividend of $1.51 per share. This represents a $6.04 annualized dividend and a dividend yield of 2.01%. This is a positive change 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 currently 49.35%.

The Cigna Group Company 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.