Everhart Financial Group Inc. Has $375,000 Stock Position in The Cigna Group (NYSE:CI)

Everhart Financial Group Inc. decreased its position in shares of The Cigna Group (NYSE:CI) by 25.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,359 shares of the health services provider’s stock after selling 472 shares during the period. Everhart Financial Group Inc.’s holdings in The Cigna Group were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Roman Butler Fullerton & Co. lifted its position in shares of The Cigna Group by 748.9% in the fourth quarter. Roman Butler Fullerton & Co. now owns 136,951 shares of the health services provider’s stock worth $37,818,000 after buying an additional 120,819 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of The Cigna Group by 5.6% in the fourth quarter. V Square Quantitative Management LLC now owns 6,084 shares of the health services provider’s stock worth $1,680,000 after buying an additional 323 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in shares of The Cigna Group in the fourth quarter worth about $37,000. Northern Financial Advisors Inc acquired a new stake in shares of The Cigna Group in the fourth quarter worth about $208,000. Finally, Vontobel Holding Ltd. lifted its position in shares of The Cigna Group by 5.7% in the fourth quarter. Vontobel Holding Ltd. now owns 24,778 shares of the health services provider’s stock worth $6,842,000 after buying an additional 1,334 shares during the last quarter. Institutional investors and hedge funds own 86.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CI. Stephens reduced their price target on The Cigna Group from $410.00 to $380.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Truist Financial reduced their price target on The Cigna Group from $390.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Cantor Fitzgerald cut their price objective on The Cigna Group from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut their price objective on The Cigna Group from $370.00 to $341.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, Raymond James reissued a “strong-buy” rating and set a $360.00 price objective (down previously from $415.00) on shares of The Cigna Group in a research report on Friday, January 31st. 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.69.

The Cigna Group Trading Down 2.6 %

CI stock opened at $292.12 on Monday. The Cigna Group has a 1-year low of $262.03 and a 1-year high of $370.83. The firm has a market cap of $81.25 billion, a P/E ratio of 23.87, a P/E/G ratio of 0.94 and a beta of 0.54. The business’s 50 day moving average is $286.46 and its 200-day moving average is $320.86. 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 data on Thursday, January 30th. The health services provider reported $6.64 earnings per share for the quarter, missing the consensus estimate of $7.84 by ($1.20). The Cigna Group had a net margin of 1.39% and a return on equity of 18.61%. During the same period in the prior year, the business earned $6.79 earnings per share. Equities analysts anticipate that The Cigna Group will post 29.8 earnings per share for the current fiscal year.

The Cigna Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Wednesday, March 5th will be paid a $1.51 dividend. This is a positive change from The Cigna Group’s previous quarterly dividend of $1.40. This represents a $6.04 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, March 5th. The Cigna Group’s dividend payout ratio is currently 45.75%.

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.